secwatch.observer — SEC 8-K summary
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Issuer:     Serve Robotics Inc. /DE/ (SERV)
CIK:        0001832483
Form:       8-K
Filed at:   2024-02-07T23:59:59+00:00
Accession:  0001213900-24-011153
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Serve Robotics signs services deal with Magna, issues 2.15M share warrant at $0.01
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- Entered a 3-month Master Services Agreement with Magna New Mobility USA, effective Jan 15, 2024.
- Initial SOW covers employee services and deliverables; total compensation is capped at an undisclosed amount.
- Issued a warrant for 2,145,000 shares at $0.01 per share, vesting in two tranches starting May 15, 2024.
- Partnership includes a License Agreement and a Production and Purchase Agreement for robot manufacturing.
- Warrant shares are unregistered, sold under Section 4(a)(2) to an accredited investor.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1832483/000121390024011153/0001213900-24-011153-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1832483/000121390024011153/ea192920-8k_serverobo.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-011153

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