Company: ARAI
Filing Date: 2025-03-24
Form Type: S-1/A
Source: 0001641172-25-000350
Chunk: 135

Company: Arrive AI Inc.
Filing Date: 2025-03-24
Form: S-1/A
Chunk 135
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 SEC as exhibits to the registration statement of which this prospectus is a part, and applicable law.

General

Our authorized capital stock consists of 200,000,000 shares of common stock, par value $0.0002 per share, of which 29,828,046 are issued and outstanding as of March 21, 2025, after giving effect to the Reverse Stock Split retrospectively for all periods presented.

Common Stock

As of March 21, 2025, there were 29,828,046 shares of our common stock outstanding held by approximately 4,800 stockholders of record.

Preferred Stock

Our current certificate of incorporation does not permit the issuance of preferred stock and so we have no preferred stock outstanding at the date hereof. Although we do not currently intend to issue any shares of preferred stock, we cannot assure you that we will not do so in the future.

Certain Anti-takeover Provisions of Delaware Law, our Certificate of Incorporation and Bylaws

As a Delaware corporation, we are governed by the provisions of Section 203 of the Delaware General Corporation Law, which generally has an anti-takeover effect for transactions not approved in advance by our Board. This may discourage takeover attempts that might result in payment of a premium over the market price for the shares of common stock held by stockholders. In general, Section 203 prohibits a publicly held Delaware corporation from engaging in a “business combination” with an “interested stockholder” for a three-year period following the time that such stockholder becomes an interested stockholder, unless the business combination is approved in a prescribed manner. A “business combination” includes, among other things, a merger, asset or stock sale or other transaction resulting in a financial benefit to the interested stockholder. An “interested stockholder” is a person who, together with affiliates and associates, owns, or did own within three years prior to the determination of interested stockholder status, 15% or more of the Company’s voting stock.

Under Section 203, a business combination between a corporation and an interested stockholder is prohibited unless it satisfies one of the following conditions:

| ● | before                                                                                                                               
 the stockholder became interested, the board of directors approved either the business combination or the transaction which resulted 
 in the stockholder becoming an interested stockholder; or                                                                            |
| ● | upon                                                                                                                                 
 consummation of the transaction which resulted in the stockholder becoming an interested outstanding, shares owned by:               |

| ● | persons                                                                                                                             
 who