Company: ARAI
Filing Date: 2025-03-24
Form Type: S-1/A
Source: 0001641172-25-000350
Chunk: 176

Company: Arrive AI Inc.
Filing Date: 2025-03-24
Form: S-1/A
Chunk 176
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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.

| F-20 |

ARRIVE AI INC.

(FORMERLY ARRIVE TECHNOLOGY INC.)

NOTES TO FINANCIAL STATEMENTS (Continued)

| 12. | STOCKHOLDERS’      
 EQUITY (Continued) |

Common Stock (Continued)

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 year ended December 31, 2024, the Company issued 276,262 shares of common stock as follows (on a post-reverse split basis):

| a) | 68,743                                                                                           
 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, September, October, November and December 
 2024 with accredited investors in exchange for cash of $825,000 at an average of $12.00 per      
 share (as adjusted for the 1-for-4 reverse split).                                               |

| b) | 174,680                                                                                    
 shares issued through a crowdfunding campaign with other investors in March, June, July,   
 August, September, October and November 2024 in exchange for net cash of $1,818,626, at an 
 average of $10.41 per share (as adjusted for the 1-for-4 reverse split).                   |

| c) | 32,839                                                                                         
 shares issued with employees or consultants via stock awards, recognized as compensation       
 expense, valued at an average of $12.50 per share (as adjusted for the 1-for-4 reverse split), 
 for a total of $410,632, based on the price per stock issued to investors for cash during