Company: ARAI
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023457
Chunk: 35

Company: Arrive AI Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 35
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6,792,645 remaining shares may be issuable at a discount to the market
price. The Purchase Agreement also specifies the re-purchase of 2,937,500 outstanding pre-delivery shares at par value upon expiration
or termination of the agreement.

The
table below illustrates potential dilution under different conversion scenarios (unaudited):

Scenario

    Shares Outstanding  
    % Increase 

    Current Outstanding (9/30/2025) 
     34,213,387  
     -%
  
    With all options and warrants exercised 
     34,930,446  
     2%
  
    With maximum Streeterville issuance 
     41,723,091  
     22%
  
    With re-purchase of pre-delivery shares 
     38,785,591  
     13%

These
potential issuances could materially dilute existing stockholders, particularly if conversion occurs at depressed share prices.

Recent
Developments

Share
Repurchase Program

On
September 8, 2025, we announced a share repurchase program of up to $10 million of the Company’s common stock, par value $0.0002
per share, from September 8, 2025 through March 31, 2026. Repurchases may be made from time to time in the open market, through privately
negotiated transactions, or under Rule 10b5-1 trading plans, in each case in accordance with Rule 10b-18 under the Securities Exchange
Act of 1934, as amended, and subject to market conditions and other factors, including customary blackout periods. The program may be
modified, suspended, or terminated at any time at the Company’s discretion. The timing and actual number of shares repurchased,
if any, will depend on a variety of factors, including price, liquidity, and alternative uses of capital.

The
Company repurchased 9,700 shares on the open market on September 9, 2025, in multiple lots at an average price of $3.54 per share, and
10,000 shares on the open market on September 11, 2025, in multiple lots at an average price of $4.04 per share.

Issuance
of Shares Under the Equity Incentive Plan

On
July 18, 2025, we issued 2,264 fully vested shares under the 2023 Equity Incentive Plan to a consultant. On