Company: ARAI
Filing Date: 2025-01-27
Form Type: S-1/A
Source: 0001493152-25-003660
Chunk: 203

Company: Arrive AI Inc.
Filing Date: 2025-01-27
Form: S-1/A
Chunk 203
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200,000,000 |   |
| Shares                            
 issued and outstanding            |     |             | 119,055,631 |   |     |              |  29,763,908 |   |
| Treasury                          
 stock                             |     |             |  10,000,000 |   |     |              |   2,500,000 |   |
| Net                               
 loss per share, basic and diluted |     | $           |       (0.02 | ) |     | $            |       (0.08 | ) |
| Weighted-average                  
 common shares                     
 outstanding, basic and diluted    |     |             | 118,775,898 |   |     |              |  29,693,975 |   |

| F-56 |

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

(FORMERLY DRONEDEK CORPORATION)

NOTES TO FINANCIAL STATEMENTS (Continued)</div>

| 16. | SUBSEQUENT 
 EVENTS     |

Subsequent events are events or transactions that occur after the balance sheet date but before the financial statements are issued or are available to be issued. These events and transactions either provide additional evidence about conditions that existed at the date of the balance sheet, including the estimates inherent in the process of preparing the financial statements (that is, recognized subsequent events), or provide evidence about conditions that did not exist at the date of the balance sheet but arose after that date (that is, non-recognized subsequent events).

The Company continues to raise capital from external investors. Since September 30, 2024, the company has issued 51,113 shares (on a post-reverse split basis) for $643,608 on a crowdfunding platform, as well as 5,213 shares (on a post-reverse split basis) to two accredited investors for $65,000. The Company has also awarded 9,749 shares (on a post-reverse split basis) to directors and consultants in exchange for services.

On October 24, 2024 the Board of Directors approved a resolution authorizing a 1-for-4 reverse stock split. This reverse split became effective November 25, 2024, which is before the effective date of the Company’s registration statement. Accordingly, this change in capital structure is considered a recognized subsequent event and is given retroactive effect in these financial statements as further described in Note 15.

The Company has evaluated subsequent events through December 5, 2024, which was the date