Company: ARAI
Filing Date: 2025-05-13
Form Type: S-1/A
Source: 0001641172-25-009841
Chunk: 206

Company: Arrive AI Inc.
Filing Date: 2025-05-13
Form: S-1/A
Chunk 206
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 reverse split).                                                                               |

| f) | 35,714                                                                                         
 shares in June 2022 with an accredited investor in exchange for cash of $250,000 at $7.00      
 (as adjusted for the 1-for-4 reverse split). Additionally, as this individual met the required 
 investment threshold, stock warrants were granted (142,857 warrants), but not yet exercised,   
 as disclosed in Note 11.                                                                       |

| g) | 3,906                                                                                       
 shares in October 2022 with an accredited investor in exchange for cash of $35,000 at $8.96 
 per share (as adjusted for the 1-for-4 reverse split).                                      |

| h) | 31,263                                                                                   
 shares through a funding campaign with accredited investors in December 2022 in exchange 
 for cash of $152,052 at $9.72 per share (as adjusted for the 1-for-4 reverse split).     |

| i) | 4,936                                                                                          
 shares through a funding campaign with accredited investors in December 2022, with monies      
 due in the future (received in January and February 2023; recorded as a receivable as of       
 December 31, 2022) of $85,406 at $17.32 per share (as adjusted for the 1-for-4 reverse split). |

Treasury Stock

The Company recognizes treasury stock based on the amount paid to repurchase its shares and is recorded as a reduction of stockholders’ equity on the balance sheets. As treasury stock is not considered outstanding for share count purposes, it is excluded from average common shares outstanding for basic and diluted earnings per share. As of December 31, 2023 and 2022, the Company had 2,500,000 shares (on a post-reverse split basis) in treasury with a cost of $500.

| F-50 |

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

(FORMERLY DRONEDEK CORPORATION)

NOTES TO FINANCIAL STATEMENTS (Continued)</div>

10. STOCKHOLDERS’ EQUITY (Continued)

Promissory Note

Effective November 19, 2021, the Company entered into a promissory note with a stockholder to issue 21,750 shares (on a post-reverse split basis) for $152,250 ($7.00 per share (as adjusted for the 1-for-4 reverse split)), which was receivable to