Company: ARAI
Filing Date: 2025-07-15
Form Type: S-1/A
Source: 0001641172-25-019572
Chunk: 182

Company: Arrive AI Inc.
Filing Date: 2025-07-15
Form: S-1/A
Chunk 182
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The Company had 910,189and 652,857warrants outstanding as of December 31, 2024 and 2023, respectively. The weighted average exercise price for these warrants is $ 2.52and $ 2.38per share, respectively. These warrants are excluded from the weighted average number of shares because they are considered anti-dilutive. The warrants (on a post-reverse split basis), if exercised, will convert on a 4 to 1 per share basis.

The Company had 614,704and 569,331options outstanding (on a post-reverse split basis) as of December 31, 2024 and 2023, respectively, with grant date fair values of $ 10.30to $ 11.94per share (as adjusted for the 1-for-4 reverse split). The weighted average exercise price for these options is $ 0.80per share. These options are excluded from the weighted average number of shares because they are considered anti-dilutive. Refer to Note 17 for additional information on the stock split.

Offering Costs

The Company complies with the requirements of FASB ASC 340-10-S99-1 and SEC Staff Accounting Bulletin (“SAB”) Topic 5A - Expenses of Offering. For the years ended December 31, 2024 and 2023, there were $ 229,994and $ 126,512of offering costs, respectively. Accumulated offering costs were $ 577,634and $ 347,640as of December 31, 2024 and 2023, respectively. These offering costs consisted of professional, regulatory, and other costs; all of which were charged to additional paid-in capital for all funding campaigns (crowdfunding, seed series, StartEngine, PicMii, etc.) held by the Company.

| F-11 |

ARRIVE AI INC.

(FORMERLY ARRIVE TECHNOLOGY INC.)

NOTES TO FINANCIAL STATEMENTS (Continued)

| 2. | SIGNIFICANT                     
 ACCOUNTING POLICIES (Continued) |

Offering Costs (Continued)

Deferred offering costs related to the proposed public offerings, see Note 7, totaled $ 427,898and $ 0as of December 31, 2024 and 2023, respectively.

General and Administrative Expenses

General and administrative expenses include general compensation (including stock compensation), compensation for executive management, employee benefits, finance administration, and human resources