Company: ARAI
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023457
Chunk: 70

Company: Arrive AI Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 70
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urchased 
     19,700 
  
    Amount repurchased 
    $74,743 
  
    Average price per share 
    $3.79 

Share
repurchases for the three months ended September 30, 2025 were made on the open market subject to regulatory constraints. As of September
30, 2025, the Company had approximately $9.925 million available for repurchase remaining under the repurchase program.

    - 24 -

ARRIVE
                                            AI INC. 

NOTES
                                            TO FINANCIAL STATEMENTS (Continued)

  16.
  WARRANTS

The
following table summarizes the warrants outstanding as of September 30, 2025:

 SCHEDULE
OF WARRANTS OUTSTANDING

    Warrants
    Outstanding  
    Weighted
    Average Exercise Price  
    Weighted
    Average Grant Date Fair Value  
    Weighted
    Average Remaining Contractual Term (years)  
    Aggregate
    Intrinsic Value 

    BALANCE, DECEMBER 31, 2024 
     227,549  
    $10.08  
    $4.76  
     0.97  
    $598,996 

    Granted 
     7,692  
     11.00  
     8.55  
     3.45  
     - 
  
    Exercised 
     (120,820) 
     9.52  
     3.87  
     -  
     - 
  
    Cancelled/Expired 
     (6,680) 
     9.52  
     3.90  
     -  
     - 

    BALANCE, SEPTEMBER 30, 2025 
     107,741  
    $10.80  
    $6.09  
     1.27  
    $- 

The
aggregate intrinsic value is calculated as the difference between the exercise price of the underlying warrants and the closing stock
price of $3.64 for the Company’s common shares on September 30, 2025 and the closing stock price of $12.71 for the Company’s
common shares on December 31, 2024.

17.EQUITY
                                            INCENTIVE PLAN

The
Company created the 2023 Equity Incentive Plan (the Plan