Company: ARAI
Filing Date: 2025-05-14
Form Type: DRS
Source: 0001641172-25-010170
Chunk: 175

Company: Arrive AI Inc.
Filing Date: 2025-05-14
Form: DRS
Chunk 175
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 December 31, 2023. See detailed discussion in Note 2.

17. RECLASSIFICATIONS

The Company executed a 1-for-4 reverse stock split onNovember 25, 2024 . This reverse split is considered a recognized subsequent event; accordingly, certain amounts in prior periods have been reclassified to reflect the impact of the reverse split.

The Company’s number of warrants remain the same as previously reported and as a result of the reverse split, if exercised, will convert on a 4 to 1 per share basis.

As a result of the 1-for-4 reverse stock split, the number of option awards under its equity incentive plan have been adjusted on a 4 to 1 per option basis. Accordingly, the exercise price is increased to 4 times the original stated price.

| F-27 |

ARRIVE AI INC.

(FORMERLY ARRIVE TECHNOLOGY INC.)

NOTES TO FINANCIAL STATEMENTS (Continued)

| 17. | RECLASSIFICATIONS 
 (Continued)       |

The table below presents the effect of the reverse split on prior year financial statement amounts and disclosures.

SCHEDULE OF REVERSE SPLIT ON FINANCIAL STATEMENTS

| Financial Statement Element          |     | Pre-Reverse Split |             |     | Post-Reverse Split |             |
|:-------------------------------------|:----|:------------------|------------:|:----|:-------------------|------------:|
| Par value of common stock, per share |     | $                 |     0.00005 |     | $                  |      0.0002 |
| Shares authorized                    |     |                   | 200,000,000 |     |                    | 200,000,000 |
| Shares issued and outstanding        |     |                   | 115,378,570 |     |                    |  28,844,643 |
| Treasury stock                       |     |                   |  10,000,000 |     |                    |   2,500,000 |

18. INCOME TAXES

The net deferred tax amounts in the accompanying balance sheets include the following components:

SCHEDULE OF DEFERRED TAX AMOUNT

| FEDERAL                                           |     | 2024 |            |   |     | 2023 |            |   |
|:--------------------------------------------------|:----|:-----|-----------:|:--|:----|:-----|-----------:|:--|
| Deferred tax assets                               |     | $    |