Company: ARAI
Filing Date: 2025-01-27
Form Type: S-1/A
Source: 0001493152-25-003660
Chunk: 179

Company: Arrive AI Inc.
Filing Date: 2025-01-27
Form: S-1/A
Chunk 179
---
1-for-4 reverse stock split, the number of option awards under its equity incentive plan have been adjusted on a 4 to 1 per option basis. Accordingly, the exercise price is increased to 4 times the original stated price.

| F-28 |

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

(FORMERLY DRONEDEK CORPORATION)

NOTES TO FINANCIAL STATEMENTS (Continued)</div>

16. RECLASSIFICATIONS (Continued)

The table below presents the effect of the reverse split on financial statements amounts and disclosures.

| December                              
 31, 2023                              |     |   |             |   |     |   |              |   |
|:--------------------------------------|:----|:--|------------:|:--|:----|:--|-------------:|:--|
| Financial Statement                   
 Element                               |     |   | Pre-Reverse 
       Split |   |     |   | Post-Reverse 
        Split |   |
| Par value of common stock, per share  |     | $ |     0.00005 |   |     | $ |       0.0002 |   |
| Shares authorized                     |     |   | 200,000,000 |   |     |   |  200,000,000 |   |
| Shares issued and outstanding         |     |   | 115,378,570 |   |     |   |   28,844,643 |   |
| Treasury stock                        |     |   |  10,000,000 |   |     |   |    2,500,000 |   |
| Net loss per share, basic and diluted |     | $ |       (0.06 | ) |     | $ |        (0.25 | ) |
| Weighted-average common shares        
 outstanding,                          
 basic and diluted                     |     |   | 118,720,913 |   |     |   |   29,680,228 |   |

| December                              
 31, 2022                              |     |   |             |   |     |   |              |   |
|:--------------------------------------|:----|:--|------------:|:--|:----|:--|-------------:|:--|
| Financial Statement                   
 Element                               |     |   | Pre-Reverse 
       Split |   |     |   | Post-Reverse 
        Split |   |
| Par value of common stock, per