v3.25.2
WARRANTS
 6 Months Ended
Jun. 30, 2025
Warrants  
WARRANTS

 

15.WARRANTS

 

The following table summarizes the warrants outstanding for the six months ended June 30, 2025:

   

   Warrants
Outstanding		   Weighted
Average
Exercise
Price		   Weighted
Average
Grant Date
Fair Value		   Weighted
Average
Remaining
Contractual
Term (years)		   Aggregate
Intrinsic Value		 
                     
BALANCE, DECEMBER 31, 2024   227,549   $10.08   $4.76    0.97   $598,996 
                          
Granted   7,692    11.00    8.55    3.70    5,231 
Exercised   (120,820)   9.52    3.87    -    - 
Cancelled/Expired   (6,680)   9.52    3.90    -    - 
                          
BALANCE, JUNE 30, 2025   107,741   $10.80   $6.09    1.52   $102,511 

 

The aggregate intrinsic value is calculated as the difference between the exercise price of the underlying warrants and the closing stock price of $11.68 for the Company’s common shares on June 30, 2025 and the closing stock price of $12.71 for the Company’s common shares on December 31, 2024.

 

 

ARRIVE AI INC.

NOTES TO FINANCIAL STATEMENTS (Continued)