Company: ARAI
Filing Date: 2025-07-15
Form Type: S-1/A
Source: 0001641172-25-019572
Chunk: 194

Company: Arrive AI Inc.
Filing Date: 2025-07-15
Form: S-1/A
Chunk 194
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. | STOCKHOLDERS’      
 EQUITY (Continued) |

Common Stock (Continued)

| d) | 34,800                                                                                    
 shares during 2023 (January, May, July, August, and October) with accredited investors in 
 exchange for $389,753 at $11.20 per share (as adjusted for the 1-for-4 reverse split).    |

| e) | 5,715                                                                                    
 shares in June 2023 with an accredited investor in exchange for cash of $40,002 at $7.00 
 per share (as adjusted for the 1-for-4 reverse split).                                   |

| f) | 87,495                                                                                        
 shares through a crowdfunding campaign with other investors in 2023 in exchange for net cash  
 and services in kind of $881,969 and $34,679, respectively, at an average of $10.52 per share 
 (as adjusted for the 1-for-4 reverse split).                                                  |

| g) | 44,086                                                                                          
 shares issued through a crowdfunding campaign with other investors in November 2023 in exchange 
 for net cash of $520,708, at an average of $11.80 per share (as adjusted for the 1-for-4        
 reverse split).                                                                                 |

| h) | 94,573                                                                                          
 shares issued as consideration for an asset purchase agreement with AirBox executed on December 
 5, 2023, based on the average price per stock of $11.08 (as adjusted for the 1-for-4 reverse    
 split) issued to investors for cash in 2023, for a total consideration of $1,047,863.           |

| i) | Cancelled                                                                                     
 1,125,000 shares issued to a founding member on April 30, 2020, which were issued at $0.00096 
 per share (as adjusted for the 1-for-4 reverse split).                                        |

Treasury Stock

The Company recognizes treasury stock based on the amount paid to repurchase its shares and is recorded as a reduction of stockholders’ equity on the balance sheets. As treasury stock is not considered outstanding for share count purposes, it is excluded from average common shares outstanding for basic and diluted earnings per share. As of December 31, 2024 and 2023, the Company had 2,500,000shares (on a post-reverse split basis) in treasury with a cost of $ 500.