Company: ARAI
Filing Date: 2025-04-18
Form Type: S-1/A
Source: 0001641172-25-005394
Chunk: 182

Company: Arrive AI Inc.
Filing Date: 2025-04-18
Form: S-1/A
Chunk 182
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 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 December 31, 2024:

| Expiration Date   |     | Type    |     | Exercise Price |      |     | Weighted Average Life Remaining |            |     | Warrants Outstanding |         |     | Black-Scholes Value |           |
|:------------------|:----|:--------|:----|:---------------|-----:|:----|:--------------------------------|: