Company: ARAI
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023457
Chunk: 29

Company: Arrive AI Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 29
---
 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) on April 27, 2023, under which shares of common stock became available for
issuance not to exceed 1,500,000. The Stock Plan is designed to attract, retain, and motivate key employees. Currently, the fair value
is recognized