Company: ARAI
Filing Date: 2025-07-15
Form Type: S-1/A
Source: 0001641172-25-019572
Chunk: 192

Company: Arrive AI Inc.
Filing Date: 2025-07-15
Form: S-1/A
Chunk 192
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. Once revenue from sales, rentals, and leases begins, the Company is required to pay $ 25.00per unit sold. If the Company does not sell 400 units per month (or $10,000), the original fixed $10,000 is paid.Accordingly, the Company recorded licensing fee costs in the amount of $ 120,000for the years ended December 31, 2024 and 2023.

On December 10, 2024, the Company amended the agreement to extend the term from seven years to perpetuity for the full term and life of the patents. The Company rents a warehouse from an officer and shareholder for $ 2,250a month on a month-to-month basis.

12. STOCKHOLDERS’ EQUITY

Common Stock

As of April 30, 2020 (date of incorporation), the Company had 100,000,000shares of common stock, with a par value of $ 0.0001, authorized and available to issue for purposes of satisfying any future transactions. No other class of stock has been authorized or is available for issuance.

| F-19 |

ARRIVE AI INC.

(FORMERLY ARRIVE TECHNOLOGY INC.)

NOTES TO FINANCIAL STATEMENTS (Continued)

| 12. | STOCKHOLDERS’      
 EQUITY (Continued) |

Common Stock (Continued)

Effective September 15, 2021, the Company authorized a 2-for-1stock split, with 200,000,000shares authorized and available, with a par value of $ 0.00005, to issue for purposes of satisfying any future transactions.

Effective November 25, 2024, the Company authorized a 1-for-4reverse stock split, with 200,000,000shares authorized and available to issue for purposes of satisfying any future transactions. The par value is now $ 0.0002.

For the year ended December 31, 2024, the Company issued 276,262shares of common stock as follows (on a post-reverse split basis):

| a) | 68,743                                                                                           
 shares, of which 41,119 shares are inclusive of warrants issued and deemed as equity, as         
 described in Note 12, in January, April, July, August, September, October, November and December 
 2024 with accredited investors in exchange for cash of $825,000 at an average of $12.00 per      
 share (as