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Ipos overview

Arrive AI Inc. (ARAI)


Company Overview

Proposed Symbol ARAI
Company Name Arrive AI Inc.
Exchange NASDAQ Global
Share Price $
Employees 7 (as of 12/31/2024)
Status Priced
Shares Offered 29,978,212
Offer amount $372,700,000.00
Shares Over Alloted
Company Address 7601 E. 88TH PLACE BUILDING 3 INDIANAPOLIS IN 4625685
Company Phone 5106982462
Company Website www.arriveai.com
CEO Daniel S. O’Toole
State of Inc
Fiscal Year End 04-20
Total Offering Expense $1,416,691.37
Shareholder Shares Offered
Shares Outstanding 29,978,212
Lockup Period (days) 180
Lockup Expiration 2025-11-11 00:00:00
Quiet Period Expiration 2025-06-24 00:00:00
CIK 0001818274
DealId 1131698-112459

Company Description

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. We are a developmental technology company with a focus on designing and implementing a commercially viable smart mailbox and platform system for smart, secure, and seamless exchange of packages, goods, supplies, food, and medications between people, through the use of robots, and drones. We have not started conducting commercial operations and we had no revenues for fiscal years 2022, 2023 or 2024. --- Our corporate address is 12175 Visionary Way, Fishers, Indiana 46038. Telephone Number: (463) 270-0092. Our website can be found at https://www.arriveai.com/. 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.