Final Push To Nasdaq

We share why we moved to one long crowdfunding extension, where the SEC review stands, and what remains before a Nasdaq listing. We explain the final funding push, the audits, the plan for a record-setting bell ringing, and how investors will transfer shares for trading.

• rationale for a single long crowdfunding extension
• final-mile funding need and current progress
• transparency on S-1 comments, audit timing, and SEC turn cycle
• handoff from SEC acceptance to Nasdaq review
• plan to announce and celebrate a trading date
• community support, social sharing, and dealing with trolls
• logistics for transferring shares to retail brokerages

Don’t forget we’re trying to raise money right now, trying to get to that million. We’re about 190,000 of the million. So there’s eight, ten left. If anybody can help pitch in to get there, this is that silver bullet moment. 317-694-7520. Dan at Arriva.

Transcript

Opener And Transparency Promise

SPEAKER_00 0:04

Hi. Welcome to another Dan Show. I think you know the star of the show, right? Her? Yeah, well, of course. Hi, Dan.

SPEAKER_01 0:12

Hi, Tyrant.

SPEAKER_00 0:13

Another day of communication and transparency, because that's what we're about. You've been working hard once again, working with the SEC, and things are again closer than ever.

SPEAKER_01 0:26

Yep, I feel like a broken record. And I and to that point, I want one of the main reasons we wanted to do this. Hey everybody, how are we doing today? Kylie, how are you doing?

SPEAKER_00 0:34

Um good. A little under the, I mean, hopefully it doesn't, it's not too annoying, but I feel pretty right.

Why The Crowdfunding Extension Changed

SPEAKER_01 0:41

One of the reasons we wanted to do this is a lot of you guys have noticed the pick me crowdfunding that we have going right now. Just we we just did a big extension. As we look at it today, as we're filming this, we've got 70 days left. And what we're we kept doing was these little micro extensions because we didn't know when we were going to go public, and you know, it's like a broken record. So this time we negotiated um to be able to just do one big extension all the way out, uh as far as the week possibly would ever go. And we have permission that if if we get to go public before that, which we're all optimistic that will happen, we can stop this thing. So now that's why everybody's like, hey, why all of a sudden did it go way out? And that's just we got sick, frankly, of of just these small extensions. Yeah, it it seemed kind of hokey, frankly. It was really bothering me. And um, but we didn't want to miss, we wanted to go public the very first day we could. Yeah. So you know, if we had some short um deal going and we got the permission to go, we wait a couple more days and then we're going. So now with this new um circumstance, we can shut it off. So that's great.

SPEAKER_00 1:56

And it kind of eliminates the anxiety for all of you, too, because you're not waiting for each time the clock runs down if it's going to be renewed or not. This time you can just rest easy, it's fine. And then when we have a date, we'll let you know.

SPEAKER_01 2:08

And to that point, we put a press ring list out yesterday. Maybe you can feature it here.

SPEAKER_00 2:13

Yeah, I can put a link in it in the description.

SPEAKER_01 2:15

And you guys can check that out. That went out yesterday and it just speaks about this. So that's definitive end of discussion, hopefully, right? And and we're moving on.

The Cost Of Going Public

SPEAKER_01 2:26

So um to that along the raised uh topic, um, you know, this thing has taken longer than any of us ever anticipated, right? Um, failed deals along the way, you know, picking up and starting over and all that. You know, we've been working at this since 2014. It's been a very long time. That's when I started the journey. And um it's it's expensive. We have this great team. We haven't let our foot off the accelerator one day. You know, my philosophy is if you're floored and you let your foot off the gas and you reapply it, you never get back to where you were. Yeah. So always, always to the floor. That's how we operate. But we do need some capital as we're coming to the close here. Uh, all the attorneys' fees that we've accrued, uh, accountants, auditors, uh, you know, everyone. It's been very expensive, as as you might expect. Going public is not a cheap uh proposition. So uh we really needed a million dollars to get to the end of the finish line here. Uh we're raising really hard. And um some I'm reaching out to some close personal friends that kind of look like a silver bullet thing that I've I never want to hit anybody up. I've always been really proud of the fact that everybody came of their own free will and at the exact amount they want. That create to me created like a really frictionless uh this great community of investors where everybody's ruining this and and you're all here. Um, and and I always thought if I ever had to ask somebody for money, that was like a silver bullet. I don't take it lightly. Um, it's something that you do as a last resort kind of thing. And I'm not trying to show that doesn't mean we're desperate or anything, but we are it is kind of a that silver bullet moment right now, trying to raise that million. So we're we're getting close. Uh we've probably raised uh about right now, we just started about 190,000 of the million that we're trying to get, uh, just made some outreach starting last week. And so uh hopefully we have some good things out

Community Support And Handling Trolls

SPEAKER_01 4:30

there. But if any of you are in a position and you see fit um and you want to get in pre uh public trading, now would be the time as you see the the raises ending. And uh I will say, you know, uh it's inappropriate to give uh direction on where you, you know, what you think the stock's gonna do. We get asked that all the time. But I would I would say that I personally am really bullish on this company. I don't think uh in my mind it's gonna be worth uh ever and less than it is today. And I'm optimistic, and that's why I put everything that I have into this company. And I know a lot of you have too, and really appreciate that.

SPEAKER_00 5:05

Yeah, one um uh an easy way that you can help is just by sharing our content. And we are going through a big final pick-me push right now, and there will be more invest now content on our socials uh than we've ever had before because it's kind of that exciting, really final push before we do cross that finish line. So anything that you see, if you can share it and just put in the little uh plug for us, that is more valuable than you even know. And we were talking earlier, you know, your your um backing of arriving eye is a review. That's like a five-star review. And we all know that's what the world hinges on now when you go to buy a product or when you um go to make a big decision. So your words really hold a lot of value, and we appreciate any and all of that exposure that you can give.

SPEAKER_01 5:57

And along those lines, I just want to shout out to our investor community. Um, had somebody go on one of the, you know, what's really cool for us is um some of our investors started organically uh and arrived, we'll have an IPO day. It's a chat uh Facebook group. That's when you know you've made it. When your investors start doing cool things like that and really appreciate everyone that's a part of that. But somebody you got on and kind of trolled us last week um and uh don't want to give a lot of life to that. But what I do want to say is I can't believe the number of investors that rallied around the company and me. Um that really meant a lot to me. I didn't really engage. I don't I don't like to engage in negativity and things like that, but I saw everything going on. I did have some private communications with some people that reached out to me just to make sure I was aware of it. And you know, that's that's really cool. I'm really humbled by that. And um, I don't take that lightly, guys. Thanks for being there and for really believing in the company and all the things that you always, you know. I don't even need to get involved, right? I've got you know, I think there was another conversation you were talking about yesterday.

SPEAKER_00 7:08

Yeah, just about um here is another announcement about you know, a public listing date, which we haven't gotten that date yet, but it's like, okay, it's another waiting game. And then other people are like, yeah, but we're actually getting some communications from Dan. So it's kind of um a double-edged sword, you know.

SPEAKER_01 7:26

It is, it's a fine line. You know, I always say we want to be the company that we want to invest in, right? What does that mean? To me, that means transparency and communication, knowing virtually in real time, you know, what's happening, not hearing something on the street, but hearing it from us. Uh and that's good, bad, ugly, whatever. We need to own that. I think that's the promise of investing really in any company, but it's a promise if you invest in our company. And um, you know, we always want to give great news, right? But unfortunately, you can't it's not all peaches and roses out

SEC Comments, Audits, And Next Steps

SPEAKER_01 7:57

there, right? Um, but along those lines, I want to say excuse me, Kylie's rubbing off on our um as far as where we are in the public, uh where you know, where we are in in the chronology of how this is advancing, um, we've been getting comments back from the just the cycle, the way it works is the SEC has what's called our S1 registration document. And it's a 200 plus page, very comprehensive. Sorry, I hate doing that, guys. Very comprehensive document on the whole company, all the inner workings, everything. And uh if you go to edgar.gov, you can actually type in arrive AI and see that and see all the different uh you know uh iterations of that that have gone back and forth. But um when the SEC comes to you with comments, we respond back. And every time we respond back, that opens up a theoretical new 30-day window for them to come back to us. They have 30 days. If they don't get back to you in 30 days, it's like a passive uh acceptance. But they've gotten back to us within 30, but it's been right at 30 every time, and that's why we've had all these delays. But in theory, with each turn of the document, that period of time should be coming more and more truncated, and we should be getting that quicker. So right now, um we have there's a bunch of moving parts. I don't want to bore you guys. Anyway, our audits, which we need to have, uh, we're getting those tomorrow, Friday. And we'll be able to bundle those with our responses to the last uh SEC comments and submit those at the beginning of next week. And then hopefully with if that period of time becomes shorter and shorter, uh, when they come back to us, we're hoping this is gonna be the last turn, fingers crossed. We think that we've uh put a lot of fires out here and we're very close. So when that happens, then we flip it uh acceptance from the SEC over to the NASDAQ, uh, and then they do their thing.

From SEC To Nasdaq And Bell Plans

SPEAKER_01 9:53

Um that's conditional upon SEC approval, which we're hoping to have. We we're hoping no more turns of that. So that's really that's a big thing for us. And once that happens, then we can move on to setting a trading date and what?

SPEAKER_00 10:06

Planning for the bell ringing.

SPEAKER_01 10:08

That's right, that's right. We want everybody to come out to New York. Uh, we believe the most uh people that have ever shown up for a bell ringing or for a you know a ceremony out in uh Nasdaq or New York is around 200 people. And we think, you know, we have 5,000 investors. Uh we think 5,000 will be a great number. In fact, what we're doing something crazy, right?

SPEAKER_00 10:28

Um you mean as far as getting the RSVPs and trying to get a record. Break the record. Yeah. We're trying to, we're gonna try to see if there's a world record for this. And um if there's not, we're gonna try to create one. And if there is, we're gonna try to break it. That's right.

SPEAKER_01 10:43

Get us book. So we're gonna hit you guys hard. We want everybody to come out. Uh, we're not paying anybody to come out or stay. We can't afford that. And you wouldn't want us to uh as a as your company. But but what we will be doing is having a big party. We'll have a lot of swag out there. Uh, and uh I'm gonna try to get as many investors that come out as I can grab that want to have their picture taken on the Nasdaq podium and come up with me and uh and and maybe the team and and get a uh picture that'll be a lifetime memory, right? Yeah so let's break a record, let's think about that. That's a little bit in the future, but we want to tease that out while we're while we're we're doing this right now. So um what else do we have? Anything else we want to talk about?

SPEAKER_00 11:24

Um I don't think so. I think just keep in mind that when we have a date, it will be widely disseminated and you will know. So if we haven't announced it yet and you're not sci

Share Transfers And What To Expect

SPEAKER_00 11:35

you're not finding it, there isn't one yet.

SPEAKER_01 11:37

That's right. You'll you're gonna know you may be upset how many times you get blasted on that. The other thing is we always want to talk about is your shares. If you if you came aboard with us at WeFunder, Start Engine, pick me, if you came direct, any of those things um prior to trading, uh, you guys will all know arrangements where you can get your uh shares transferred to your uh your whatever your trading platform is, Schwab, uh Robinhood, whatever it is. Uh so I know we get asked that a lot. Yeah. Um, and we're gonna move as quick as we can on that. And uh so that's that's kind of it. I just want to give this quick update. So um this last extension is the last

Final Push For Funding And Contact

SPEAKER_01 12:16

extension. Kyla's gonna put the press release up. You'll see it right there in writing. Um, we're hoping to hear imminently in the next week or so um like what our date could be and get that out to you guys right away. Don't forget we're trying to raise money right now, trying to get to that million. We're about 190,000 of the million. So there's there's eight, ten left. If if anybody can help pitch in to get there, this is that silver bullet moment. Um we've come this far, right? So, but anyway, love everybody. 317-694-7520. That's my cell. Dan at Arriva.

SPEAKER_00 12:49

Just so you know, we're eventually going to get him to stop sending out a chance.

SPEAKER_01 12:53

No, I don't want to forget where I can. I know that's my thing. You never will. You can't, you know. Um, but anyway, thanks for being with us, guys. Kylie, thank you. Yeah, appreciate it.

SPEAKER_00 13:03

Always have a great day.