Company: ARAI
Filing Date: 2025-07-15
Form Type: S-1/A
Source: 0001641172-25-019572
Chunk: 69

Company: Arrive AI Inc.
Filing Date: 2025-07-15
Form: S-1/A
Chunk 69
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ment period terminating on the 3-year anniversary of the Streeterville Purchase Agreement. On May 14, 2025, the
Company closed the initial Pre-Paid Purchase in the principal amount of $4,330,000.00 to Streeterville and received $4,000,000 in proceeds. Please see the
“Selling Stockholders” section for more detailed discussion.

New Independent Board Member

On June 2, 2025, the Company named Laurie Tucker
as a new independent member of the Board of Directors. Ms. Tucker will serve an initial three-year term and also be the Chairperson of
the Compensation Committee.

Results of Operations

Comparison of the Three Months Ended March 31, 2025, and March 31, 2024

|                                               |     | Three Months Ended 
          March 31, |            |   |     |      |          |   |     | $      |            |   |     | %      |       |   |
|                                               |     |               2025 |            |   |     | 2024 |          |   |     | Change |            |   |     | Change |       |   |
| GENERAL AND ADMINISTRATIVE EXPENSES           |     |                    |            |   |     |      |          |   |     |        |            |   |     |        |       |   |
| Salaries and wages - office                   |     |                  $ |  1,583,937 |   |     |    $ |  498,401 |   |     | $      |  1,085,536 |   |     |        |   218 | % |
| Legal and professional fees                   |     |                    |    200,201 |   |     |      |  174,916 |   |     |        |     25,285 |   |     |        |    14 |   |
| Research and development                      |     |                    |     91,263 |   |     |      |   88,401 |   |     |        |      2,862 |   |     |        |     3 |   |
| Licensing fee                                 |     |                    |     30,000 |   |     |      |   30,000 |   |     |        |          - |   |     |        |     - |   |
| Office supplies and software                  |     |                    |