Company: ARAI
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023457
Chunk: 27

Company: Arrive AI Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 27
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1, 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.

During
the nine months ended September 30, 2025, the Company issued 5,112,182 shares of common stock as follows:

a)11,692
                                            shares with accredited investors in exchange for cash of $152,000 at an average share price
                                            of $13.00 per share. 7,692 of the shares were issued with warrants and deemed as equity,
                                            as described in Note 16.

b)2,937,500
                                            shares with an accredited investor in exchange for cash of $588. The shares were issued at
                                            par value, subject to the securities purchase agreement, dated March 21, 2025, by and between
                                            Streeterville Capital, LLC and the Company (the “Purchase Agreement”), as described
                                            in Note 12.

c)120,820
                                            warrants exercised, for 120,820 shares in exchange for cash of $573,895.

d)25,693
                                            shares issued through a crowdfunding campaign with other investors in exchange for net cash
                                            of $295,469, at an average share price of $11.50 per share net of offering costs.

e)147,374
                                            shares issued to employees and consultants, recognized as compensation expense, fair valued
                                            at $13.00 per share, for a total fair value of $1,915,862, based on the price per stock issued
                                            to investors for cash during the period January 1, 2025 to May 15, 2025.

f)35,389
                                            shares issued to employees or consultants via stock awards, recognized as compensation expense,
                                            for a total of $451,567, fair valued based on the Company’s closing stock price on
                                            the day the shares were issued.

g)773
                                            shares issued for the cashless exercise of vested options under the 2023 equity incentive
                                            plan, for a total of $9,269, fair value based on the Company’s closing