Company: ARAI
Filing Date: 2025-07-15
Form Type: S-1/A
Source: 0001641172-25-019572
Chunk: 149

Company: Arrive AI Inc.
Filing Date: 2025-07-15
Form: S-1/A
Chunk 149
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to exceed the Exchange Cap (defined below) and subject to the availability of sufficient unissued registered shares under this or any
future registration statement to enable the resale of the Purchase Shares, the Company may request one or more additional Pre-Paid Purchases
during the period beginning on May 14, 2025 and ending on the earlier of: (i) May 14, 2028, and (ii) the date the Company has sold up
the Commitment Amount in Pre-Paid Purchases. Each subsequent Pre-Paid Purchase will have (i) an original issue discount of eight percent
(8%) of the requested amount, (iii) a floor price equal to 20% of the applicable Minimum Price, and (iv) a “fixed price”
component capped at 120% of the Minimum Price on the closing day for such Pre-Paid Purchase. The Company retains the discretion to draw
or to forego any Pre-Paid Purchases beyond the Initial Pre-Paid Purchase.

Notwithstanding anything to the contrary, unless
and until the Company obtains requisite stockholder approval as required by Nasdaq Listing Rule 5635(d), the total cumulative number
of shares of Common Stock that may be issued to Streeterville under all Pre-Paid Purchases cannot exceed the numerical threshold required
by that rule (the “Exchange Cap”).

The foregoing descriptions of the Streeterville
Purchase Agreement and Initial Pre-Paid Purchase are qualified in their entirety by reference to the Streeterville Purchase Agreement
and the Initial Pre-Paid Purchase as an exhibit thereto, a copy of which is filed as Exhibit 10.11 to this registration
statement and is incorporated by reference herein.

Since May 2021, we have issued warrants to the
selling stockholders in the table below exercisable for an aggregate number of 114,421 shares of our common stock at various exercise
price. We also issued an aggregate of 11,358 shares of our common stock to certain selling stockholders since April 18, 2025.

We have prepared the following table based on
written representations and information furnished to us by or on behalf of the selling stockholders. Unless otherwise indicated in the
footnotes to the table below, we believe that (i) none of the selling stockholders are broker-dealers or affiliates of broker-dealers,
and (ii) no selling stockholder has direct or indirect agreements or understandings with any person to distribute their Resale Shares.
To the extent any selling stockholders identified below are,