Item 5. Market for Registrant’s Common Equity
Item
5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Market
Information and Holders
The
Company’s common stock is quoted on Nasdaq under the symbol “ARAI”. As of March 17, 2026, there were approximately
9,366 stockholders of record of our common stock.
Dividends
We
have never paid any cash dividends on our capital stock and do not anticipate paying any cash dividends on our common stock in the foreseeable
future. We intend to retain future earnings to fund ongoing operations and future capital requirements. Any future determination to pay
cash dividends will be at the discretion of our Board and will be dependent upon financial condition, results of operations, capital
requirements and such other factors as the Board deems relevant.
Recent
Sales of Unregistered Securities
All
share and per share amounts have been adjusted to reflect the Company’s 1-for-4 reverse stock split (effective November 25, 2024),
applied retrospectively for all periods presented.
During
the fiscal year ended December 31, 2025, the Company issued the following unregistered securities:
Regulation
Crowdfunding
The
Company issued an aggregate of 25,693 shares of common stock pursuant to Regulation Crowdfunding at a price of $13.00 per share. These
securities were issued in reliance upon Section 4(a)(6) of the Securities Act of 1933, as amended (the “Securities Act”),
and all offers and sales were conducted through an SEC-registered funding portal.
Private
Placements
The
Company issued 11,692 shares of common stock at a price of $13.00 per share for aggregate gross proceeds of approximately $152,000 to
accredited investors. These securities were issued in reliance upon the exemption from registration provided by Section 4(a)(2) of the
Securities Act and/or Rule 506 of Regulation D. No general solicitation or advertising was used in connection with these offerings.
Warrant
Exercises
The
Company issued 120,820 shares of common stock upon the exercise of previously issued warrants at an exercise price of $4.75 per share,
resulting in aggregate gross proceeds of approximately $573,895. These issuances were made pursuant to exemptions from registration under
Section 4(a)(2) of the Securities Act and/or Rule 506 of Regulation D.
The
shares described above were subsequently registered for resale pursuant to an effective Registration Statement on Form S-1.
The
Company did not sell any other unregistered securities during the fiscal year ended December 31, 2025.
Issuer
Purchases of Equity Securities
The
following table provides information about purchases by Arrive AI Inc. of its shares of common stock during the quarter ended December
31, 2025.
Total
number of shares purchased as part of
Approximate
dollar value of shares that may yet be
Period
Total
number of shares purchased
Average
price paid per share
publicly
announced plans
purchased
under the plan (1)
October
1 - October 31
-
$ -
-
$ 9,925,257
November
1 - November 30
-
-
-
9,925,257
December
1 - December 31
-
-
-
9,925,257
-
$ -
-
$ 9,925,257
(1)
In September 2025, our Board of Directors authorized the repurchase of up to $10,000,000 of the Company’s common shares under
the Repurchase Program. The plan was effectively suspended following the initial repurchase in September 2025. The plan expires
March 31, 2026 and does not obligate the Company to acquire any particular amount of the Company’s common shares. Share
repurchases may be made from time to time through various means, including open market purchases, privately negotiated transactions,
and/or pursuant to Rule 10b5-1 trading plans, in each case in accordance with Rule 10b-18 under the Securities Exchange Act of 1934.
32
Item
6. [Reserved]