Company: ARAI
Filing Date: 2025-07-15
Form Type: S-1/A
Source: 0001641172-25-019572
Chunk: 201

Company: Arrive AI Inc.
Filing Date: 2025-07-15
Form: S-1/A
Chunk 201
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. | RESEARCH                            
 AND DEVELOPMENT CREDITS (Continued) |

the current year’s research credit, an elected amount not to exceed $ 250,000, or the general business credit carryforward for the tax year. As of December 31, 2024, the Company continues to earn tax credits under this program to be used against future employment tax obligations.

16. ASSET ACQUISITION

On December 5, 2023, the Company acquired certain assets of AirBox Technologies (“AirBox”), in an all-stock transaction. In addition to certain tangible assets, the acquisition includes AirBox’s patent portfolio, which Arrive believes will broaden the capabilities of its high-tech mailbox system designed for autonomous and conventional package delivery.

In addition to acquiring the above mentioned assets, AirBox’s CEO Brandon Pargoe joined the Arrive AI team as Vice President of Product Operations. In consideration for the asset purchase, the Company issued 94,573shares (on a post-reverse split basis) at a price of $ 11.08per share (as adjusted for the 1-for-4 reverse split), which was determined based on the average price per stock (as adjusted for the 1-for-4 reverse split) of $ 11.08issued to investors for cash in 2023. The assets acquired for which the related purchase price was allocated were as follows:

SCHEDULE OF ASSETS ACQUIRED

| Assets         
 Acquired       |     | Amount |           |
|:---------------|:----|:-------|----------:|
| Drone          
 Hexacopter     |     | $      |    50,000 |
| Patents        |     |        |   997,863 |
| Total          
 Purchase Price |     | $      | 1,047,863 |

A drone Hexacopter was presented as part of the property and equipment. The patents were subsequently determined to be fully impaired at December 31, 2023. See detailed discussion in Note 2.

17. RECLASSIFICATIONS

The Company executed a 1-for-4 reverse stock split onNovember 25, 2024 . This reverse split is considered a recognized subsequent event; accordingly, certain amounts in prior periods have been reclassified to reflect the impact of the reverse split.

The Company’s number of warrants remain the same as previously reported and as a result of the reverse split, if exercised, will convert on a 4 to 1 per share basis.

As a result of the