secwatch.observer — SEC 8-K summary
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Issuer:     Serve Robotics Inc. /DE/ (SERV)
CIK:        0001832483
Form:       8-K
Filed at:   2024-04-23T23:59:59+00:00
Accession:  0001213900-24-035088
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Serve Robotics closes $40M public offering and uplists to Nasdaq under ticker SERV
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- Closed underwritten public offering of 10,000,000 shares at $4.00/share, raising $40M gross proceeds.
- Aegis Capital has 45-day option for up to 1,500,000 additional shares (15% over-allotment).
- Proceeds to fund R&D, manufacturing, geographic expansion, and working capital.
- Common stock now listed on Nasdaq Capital Market (SERV); previously traded on OTCQB (SBOT).
- Issued Representative’s Warrant for 500,000 shares at $5.00 and Placement Agent’s Warrant for 63,479 shares at $2.42.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1832483/000121390024035088/0001213900-24-035088-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1832483/000121390024035088/ea0204414-8k_serverobo.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-035088

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer