secwatch.observer — SEC 8-K summary
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Issuer:     Serve Robotics Inc. /DE/ (SERV)
CIK:        0001832483
Form:       8-K
Filed at:   2023-08-04T23:59:59+00:00
Accession:  0001213900-23-063662
Event type: m_and_a
Sentiment:  positive
Materiality: 0.90
Item codes: 2.01, 3.02, 1.01, 3.03, 4.01, 5.01, 5.02, 5.03, 5.06, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Serve Robotics completed reverse merger into Patricia Acquisition shell; raised $14.1M
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- Merger closed July 31, 2023: Patricia Acquisition (shell) merged with Serve Robotics; name changed to Serve Robotics Inc.
- Serve stockholders received 0.8035 shares of new company per share; up to 20.95M shares issued; options/warrants converted.
- Private placement raised ~$14.1M gross from 3.72M shares at $4.00 each; proceeds for working capital and growth.
- Bridge notes ($3.0M principal) converted into 937,968 shares at $3.20; 50% warrant coverage issued.
- New directors appointed; Ali Kashani becomes CEO; former shell officers resign; lock-up agreements for 12 months.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1832483/000121390023063662/0001213900-23-063662-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1832483/000121390023063662/ea180762-8k_patriciaacq.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-063662

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