Company: ARAI
Filing Date: 2025-05-13
Form Type: S-1/A
Source: 0001641172-25-009841
Chunk: 215

Company: Arrive AI Inc.
Filing Date: 2025-05-13
Form: S-1/A
Chunk 215
---
 50,000 |
| Patents        |     |        |   997,863 |
| Total          
 Purchase Price |     | $      | 1,047,863 |

A drone Hexacopter was presented as part of the property and equipment. The patents were subsequently determined to be fully impaired at December 31, 2023. See detailed discussion in Note 2.

16. RECLASSIFICATIONS

As disclosed in Note 17, the Company executed a 1-for-4 reverse stock split on November 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-58 |

<div align='center'>ARRIVE TECHNOLOGY INC.

(FORMERLY DRONEDEK CORPORATION)

NOTES TO FINANCIAL STATEMENTS (Continued)</div>

16. RECLASSIFICATIONS (Continued)

The table below presents the effect of the reverse split on financial statements amounts and disclosures.

| December                              
 31, 2023                              |     |   |             |   |     |   |              |   |
|:--------------------------------------|:----|:--|------------:|:--|:----|:--|-------------:|:--|
| 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 |   |