{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-24-000500","form_type":"8-K","ticker":"SERV","cik":"0001832483","company_name":"Serve Robotics Inc. /DE/","filed_at":"2024-01-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.835749+00:00","generated_at":"2026-06-07T04:48:15.829913+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Serve Robotics raises $3M in convertible note initial close; CEO also provides $200k bridge loan","bullets":["On Dec 27, 2023, CEO Ali Kashani lent $200k via a secured subordinated note at 7.67% interest; repaid upon note issuance.","Board approved up to $6.5M of convertible notes; initial closing on Jan 2, 2024 raised $3M from accredited investors.","Notes bear 6.00% interest compounded annually, due on request 12 months after issuance; no prepayment without consent.","Notes convert at 75% of qualified financing price or $80M cap; change of control triggers cash repayment at 2x principal or conversion.","Proceeds to be used for working capital and general corporate purposes; notes issued under Rule 506(b)."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-24-000500","json":"https://secwatch.observer/filing/0001213900-24-000500.json","markdown":"https://secwatch.observer/filing/0001213900-24-000500.md","text":"https://secwatch.observer/filing/0001213900-24-000500.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1832483/000121390024000500/0001213900-24-000500-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1832483/000121390024000500/ea190928-8k_serverobo.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T04:48:15.829913+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"225cb7d567fc2fc069b4b6c42120111b498976a1","claim":"Serve Robotics Inc. /DE/ incurred convertible notes of $3,000,000 with certain accredited investors at 6.00% per year maturing due and payable upon request by each Purchaser on or after the 12-month anniversary of the original issuance date of each Note.","evidence_excerpt":"At an initial closing on January 2, 2024, the Company borrowed an aggregate principal amount of $3,000,000 by issuing Notes to certain accredited investors","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1832483/000121390024000500/0001213900-24-000500-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$3,000,000"},{"label":"Counterparty","value":"certain accredited investors"},{"label":"Rate","value":"6.00% per year"},{"label":"Maturity","value":"due and payable upon request by each Purchaser on or after the 12-month anniversary of the original issuance date of each Note"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"54fce48e1ea561335e1368da889693603e189390","claim":"Serve Robotics Inc. /DE/ incurred loan of up to $200,000 with Ali Kashani at 7.67% per annum.","evidence_excerpt":"On December 27, 2023, Serve Operating Co., a wholly-owned subsidiary of Serve Robotics Inc., a Delaware corporation (the “Company”), issued a Secured Subordinated Promissory Note (the “Kashani Note”) to Ali Kashani, a holder of greater than 5% of the Company’s capital stock who serves as Chief Executive Officer and is a member of the Company’s Board of Directors (the “Board”), in exchange for a loan with the aggregate principal amount of up to $200,000.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1832483/000121390024000500/0001213900-24-000500-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"up to $200,000"},{"label":"Counterparty","value":"Ali Kashani"},{"label":"Rate","value":"7.67% per annum"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}