Company: ARAI
Filing Date: 2025-07-15
Form Type: S-1/A
Source: 0001641172-25-019572
Chunk: 196

Company: Arrive AI Inc.
Filing Date: 2025-07-15
Form: S-1/A
Chunk 196
---
 vesting schedule. The fair market value of these stock option units on the grant date, which was determined by using the Black-Scholes model, range from $ 10.304to $ 11.936(as adjusted for the 1-for-4 reverse split). As of December 31, 2024, total unvested units are 188,688units (on a post-reverse split basis) with related unrecognized compensation expense of $ 2,081,686.

For the year ended December 31, 2024, total compensation expense related to stock options was $ 978,234. As of December 31, 2024, total unvested units are 452,875(on a post-reverse split basis) with related unrecognized compensation expense of $ 4,930,679.

13. WARRANTS

Warrants are issued in connection with the issuance of common stock and included in the statement of changes in stockholders’ equity as a component of additional paid-in capital, net of offering costs. During the year ended December 31, 2024, the Company issued warrants with a fair value of $ 405,580in combination with common stock as described in Note 11. The warrants will become exercisable on the fourth anniversary of the date of the individual agreement. The fair market value, on the date of grant, for each of the warrants issued below, was determined based on the methodologies described in Notes 2 and 4. The warrants (on a post-reverse split basis) convert on a 4 to 1 per share basis.

| F-22 |

ARRIVE AI INC.

(FORMERLY ARRIVE TECHNOLOGY INC.)

NOTES TO FINANCIAL STATEMENTS (Continued)

| 13. | WARRANTS    
 (Continued) |

SCHEDULE OF WARRANTS OUTSTANDING

|                            |     | Number of Warrants Outstanding |         |     | Weighted Average Exercise Price |      |     | Number of Warrants Exercisable |         |
|:---------------------------|:----|:-------------------------------|--------:|:----|:--------------------------------|-----:|:----|:-------------------------------|--------:|
| BALANCE, JANUARY 1, 2023   |     |                                | 652,857 |     | $                               | 2.38 |     |                                | 652,857 |
| Issued                     |     |                                |       - |     |                                 |    - |     |                                |