Company: ARAI
Filing Date: 2025-06-17
Form Type: S-1
Source: 0001641172-25-015428
Chunk: 191

Company: Arrive AI Inc.
Filing Date: 2025-06-17
Form: S-1
Chunk 191
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delivery to us of an undertaking by or on behalf of such director or officer, to repay all amounts advanced if it should ultimately be
determined that such director or officer is not entitled to be indemnified by us.

Section 174 of the DGCL provides, among other
things, that a director, who willfully or negligently approves of an unlawful payment of dividends or an unlawful stock purchase or redemption,
may be held liable for such actions. A director who was either absent when the unlawful actions were approved, or dissented at the time,
may avoid liability by causing his or her dissent to such actions to be entered on the books containing minutes of the meetings of the
board of directors at the time such action occurred or immediately after such absent director receives notice of the unlawful acts.

We have an insurance policy covering our officers
and directors with respect to certain liabilities, including liabilities arising under the Securities Act, or otherwise.

| Item 15. | Recent Sales of Unregistered Securities |

From April 30, 2020 through June 12, 2025, we
issued an aggregate of 1,093,511 shares of Common Stock to investors in Regulation Crowdfunding offerings, at an average price of $7.00
for gross proceeds of $7,658,666 (after giving effect to the Reverse Stock Split). The sales of the foregoing securities were issued
pursuant to the exemption from registration provided by Section 4(a)(6) of the Securities Act. All communications and offers and sales
took place through an SEC registered funding portal.

Additionally, as of June 12, 2025, Arrive has
received $4,330,755 in funding from private investors in exchange for 764,243 shares of common stock, and Arrive issued 94,573 shares
of common stock in consideration for the acquisition of Airbox Inc. in December of 2023 (after giving effect to the Reverse Stock Split).

During the period from January 1, 2025 through
June 12, 2025, the Company issued the following (after giving effect to the Reverse Stock Split):

| ● | 11,692 shares of common stock at a purchase price of $13.00                                                       
 per share, for gross cash proceeds of $152,000, to 3 accredited investors, with (i) 923 shares issued in January  
 2025, (ii) 3,077 shares issued in February 2025, and (iii) 7,692