Company: ARAI
Filing Date: 2025-01-27
Form Type: S-1/A
Source: 0001493152-25-003660
Chunk: 196

Company: Arrive AI Inc.
Filing Date: 2025-01-27
Form: S-1/A
Chunk 196
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 month on a month-to-month basis.

| 11. | STOCKHOLDERS’ 
 EQUITY        |

Common Stock

As of April 30, 2020 (date of incorporation), the Company had 100,000,000 shares of common stock, with a par value of $0.0001, authorized and available to issue for purposes of satisfying any future transactions. No other class of stock has been authorized or is available for issuance.

Effective September 15, 2021, the Company authorized a 2-for-1 stock split, with 200,000,000 shares authorized and available, with a par value of $0.00005, to issue for purposes of satisfying any future transactions.

Effective November 25, 2024, the Company authorized a 1-for-4 reverse stock split, with 200,000,000 shares authorized and available to issue for purposes of satisfying any future transactions. The par value is now $0.0002.

For the nine months ended September 30, 2024, the Company issued 198,163 shares of common stock, respectively, as follows (on a post-reverse split basis):

| a) | 63,522                                                                                    
 shares, of which 41,119 shares are inclusive of warrants issued and deemed as equity, as  
 described in Note 12, in January, April, July, August and September 2024 with accredited  
 investors in exchange for cash of $760,000 at an average of $11.96 per share (as adjusted 
 for the 1-for-4 reverse split).                                                           |
| b) | 122,479                                                                                   
 shares issued through a crowdfunding campaign with other investors in March, June, July,  
 August and September 2024 in exchange for net cash of $1,271,682, at an average of $12.16 
 per share (as adjusted for the 1-for-4 reverse split).                                    |

| F-49 |

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

(FORMERLY DRONEDEK CORPORATION)

NOTES TO FINANCIAL STATEMENTS (Continued)</div>

| 11. | STOCKHOLDERS’      
 EQUITY (Continued) |

Common Stock (Continued)

| c) | 12,162                                                                                       
 shares issued with employees or consultants via stock awards, recognized as compensation     
 expense, valued at $12.16 per share (as adjusted for the 1-for-4 reverse split),