Company: ARAI
Filing Date: 2025-05-14
Form Type: DRS
Source: 0001641172-25-010170
Chunk: 12

Company: Arrive AI Inc.
Filing Date: 2025-05-14
Form: DRS
Chunk 12
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 AI infrastructure requirements, could have a material adverse effect on our business, financial condition, and results of operations.

● A disruption of our IT Systems and capabilities could lead to business disruption and could harm our reputation and result in financial penalty and legal liabilities, which would reduce our revenue and have a material adverse effect on our business, financial condition and results of operations

● We may face a shortage in talent or professionals with the appropriate experience and training in AI technology

● Arrive will rely on third party vendors such as software developers, suppliers, and service partners to create its products which may lead to interruptions outside of Arrive AI’s control.

● Arrive AI’s software platform may be at risk of unexpected technical failure due to the unavailability of third-party information and infrastructure services or because of data or security breaches or attacks.

● Arrive may be subject to litigation proceedings.

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● We are a “controlled company” within the meaning of the Nasdaq Stock Market Rules because our insiders beneficially own more than 50% of the voting power of our outstanding voting securities. Our largest shareholder, officer and director, Daniel O’Toole holds substantial control over the Company and is able to influence all corporate matters. Corporate Information Our corporate address is 12175 Visionary Way, Fishers, Indiana 46038. Our website can be found at https://www.arriveai.com/ The information contained on our website is not a part of this prospectus, nor is such content incorporated by reference herein, and should not be relied upon in determining whether to make an investment in our shares of common stock. We were incorporated on April 30, 2020, in the State of Delaware under the name of Dronedek Corporation. The Company changed its name to Arrive Technology Inc. on July 27, 2023. The Company changed its name to Arrive AI Inc. on September 30, 2024. SUMMARY HISTORICAL FINANCIAL AND OTHER DATA The following tables set forth our summary of historical financial data as of December 31, 2024 and December 31, 2023. The summary statements of operations data for the periods ended December 31, 2024 and December 31, 2023 are derived from our audited financial statements and notes that are included elsewhere in this prospectus. Our board of directors and our stockholders each approved the Reverse Stock Split. On November 25, 2024, we filed a certificate of amendment of certificate of incorporation with the