Arrive AI (ARAI) Registration Filing summary

Company overview and business model

• Focuses on developing a smart mailbox and platform system for secure, automated exchange of packages, goods, and medications using robots and drones.

• Operates a Network-as-a-Service model, offering hardware-enabled access points, AI-driven services, and a marketplace for last-mile logistics.

• Revenue streams include Mailbox-as-a-Service subscriptions, data/AI monetization, and operational platform fees.

• Initial market focus is on medical operations, with plans to expand to assisted living, retail, and residential sectors.

• Holds a robust patent portfolio covering smart mailbox technology, with exclusive rights licensed from the CEO.

Financial performance and metrics

• Reported $98,175 in revenue for the nine months ended September 30, 2025, with no revenue in prior years.

• Net loss of $8.9 million for the nine months ended September 30, 2025; accumulated deficit of $24.8 million as of September 30, 2025.

• Cash and short-term investments totaled $2.7 million as of September 30, 2025, providing approximately 3.5 months of runway at current burn rates.

• Operating cash flow was negative $5.0 million for the nine months ended September 30, 2025.

• Raised $7.5 million from convertible debt and $448,000 from stock sales in the first nine months of 2025.

Use of proceeds and capital allocation

• Proceeds from the resale of shares will not go to the company; all registration costs are borne by the company, while selling stockholders pay their own selling expenses.

• Capital raised through convertible notes and stock sales is allocated to product development, scaling operations, and working capital.

• Share repurchase program authorized up to $10 million in buybacks through March 2026.