Company: ARAI
Filing Date: 2025-05-14
Form Type: DRS
Source: 0001641172-25-010170
Chunk: 2

Company: Arrive AI Inc.
Filing Date: 2025-05-14
Form: DRS
Chunk 2
---
 freely sold in market transactions following the listing and upon the effectiveness of this registration statement. Shares of our common stock are listed on the Nasdaq Global Market. During the period from May 1, 2024, through May 13, 2025, we issued shares of common stock to investors, at a low price of $11.20 per share and a high price of $13.00 per share. This information, however, may have little or no relation to broader market demand for our shares of common stock. As a result, you should not place undue reliance on these historical sales prices as they may differ materially from the public prices of our shares of common stock on Nasdaq.

The selling stockholder may sell shares from time to time in the open market, through privately negotiated transactions or a combination of these methods, at market prices prevailing at the time of sale or at negotiated prices. The selling stockholders may offer shares to or through underwriters, dealers or other agents, directly to investors or through any other manner permitted by law, on a continued or delayed basis. We will bear all costs, expenses and fees in connection with the registration of the shares offered by this prospectus, and the selling stockholder will bear all incremental selling expenses, including commissions and discounts, brokerage fees and other similar selling expenses they incur in the sale of the shares. See “Plan of Distribution”.

By a separate registration statement
(File No, 333-284042, the “Direct Listing Registration Statement”), we have registered an aggregate of 29,978,212 shares of
common stock which we are offering price for resale to the public through direct listing.

The 8,125,779 shares of common stock offered by
the selling stockholder is defined herein as the “Resale Shares.”

Our Common Stock is approved to be listed
on the Nasdaq Global Market under the symbol “ARAI.”

Our founder and Chief Executive Officer, Daniel S. O’Toole, beneficially owns approximately 71.5% of the voting power of our outstanding voting securities and we are and will continue to be a “controlled company” within the meaning of the listing rules of The Nasdaq Stock Market LLC. We may rely on the exemptions from the corporate governance requirements that are available to controlled companies.

We are an “emerging growth company” as defined under U.S. federal securities laws and, as such, have elected to comply with reduced public company reporting requirements.

Investing in our common stock involves risks. See the “Risk Factors” section