Company: ARAI
Filing Date: 2025-03-24
Form Type: S-1/A
Source: 0001641172-25-000350
Chunk: 180

Company: Arrive AI Inc.
Filing Date: 2025-03-24
Form: S-1/A
Chunk 180
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679.

| 13. | WARRANTS |

Warrants are issued in connection with the issuance of common stock and included in the statement of changes in stockholders’ equity as a component of additional paid-in capital, net of offering costs. During the year ended December 31, 2024, the Company issued warrants with a fair value of $405,580 in combination with common stock as described in Note 11. The warrants will become exercisable on the fourth anniversary of the date of the individual agreement. The fair market value, on the date of grant, for each of the warrants issued below, was determined based on the methodologies described in Notes 2 and 4. The warrants (on a post-reverse split basis) convert on a 4 to 1 per share basis.

| F-23 |

ARRIVE AI INC.

(FORMERLY ARRIVE TECHNOLOGY INC.)

NOTES TO FINANCIAL STATEMENTS (Continued)

| 13. | WARRANTS    
 (Continued) |

|                            |     | Number of Warrants Outstanding |         |     | Weighted Average Exercise Price |      |     | Number of Warrants Exercisable |         |
|:---------------------------|:----|:-------------------------------|--------:|:----|:--------------------------------|-----:|:----|:-------------------------------|--------:|
| BALANCE, JANUARY 1, 2023   |     |                                | 652,857 |     | $                               | 2.38 |     |                                | 652,857 |
| Issued                     |     |                                |       - |     |                                 |    - |     |                                |       - |
| BALANCE, DECEMBER 31, 2023 |     |                                | 652,857 |     | $                               | 2.38 |     |                                | 652,857 |
| BALANCE, JANUARY 1, 2024   |     |                                | 652,857 |     | $                               | 2.38 |     |                                | 652,857 |
| Issued                     |     |                                | 257,332 |     | $                               | 2.87 |     |                                | 257,332 |
| BALANCE, DECEMBER 31, 2024 |     |                                | 910,189 |     | $                               | 2.52 |     |                                | 910,189 |

The following table reflects the warrants outstanding as at