Company: ARAI
Filing Date: 2025-07-15
Form Type: S-1/A
Source: 0001641172-25-019572
Chunk: 68

Company: Arrive AI Inc.
Filing Date: 2025-07-15
Form: S-1/A
Chunk 68
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 human pickup and delivery.
Once achieved as scheduled in 2026 with AP5, we can pursue broader market adoption beyond pilot programs to generate scalable and sustainable
revenue growth. While we believe in our plans, and are optimistic that we can continue to achieve them, there is no guarantee that we
will achieve product market fit or be successful in our commercialization and plans.

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Factors Affecting our Business and Results of Operations

This section includes a summary of our historical
results of operations, followed by detailed comparisons of our results for the three months ended March 31, 2025 and 2024 and for the years ended December 31, 2024 and December 31, 2023. We
have derived this data from our financial statements included elsewhere in this prospectus.

The Company’s auditor has completed a review
of its interim March 31, 2025 and 2024 financial performance in accordance with the standards of the PCAOB. The Company has not started
commercial operations but has incurred expenses in connection with corporate and administrative matters, development of its products
and services and applications for patents. These expenses include cash and stock-based compensation for services rendered, legal and
audit fees, and development hardware. As a result, the Company reported a net loss in all reporting periods. An analysis of the Company’s
operating performance for the three-month periods ended March 31, 2025 and 2024 and for the years ended December 31, 2024 and 2023, together with the Company’s income statement
summarizing income and expense items are presented below.

Recent Developments

Effectiveness of S-1 Registration Statement

On May 13, 2025, the Company’s S-1 Registration
Statement was declared effective, registering 29,978,212 shares of our common stock representing one hundred percent (100%) of the company’s
currently issued and outstanding common stock.

Initial Trading on Nasdaq Global Market

On May 15, 2025, the Company’s common stock
began trading on the Nasdaq Global Market under the ticker “ARAI”.

Closing of Initial Pre-Paid Purchase

On March 21, 2025, we entered into the
Streeterville Purchase Agreement with Streeterville, pursuant to which Streeterville has committed to purchase up to $40 million of
our common stock, pursuant to a written request for a Pre-Paid Purchase (defined below) delivered by the Company any time during the
commit