Serve Robotics raises ~$80M via registered direct offering of 4.2M shares at $19 each

Serve Robotics Inc. /DE/

Gross proceeds of approximately $80 million from sale of 4,210,525 shares at $19.00 per share.
Offering expected to close January 7, 2025; net proceeds for general corporate purposes including working capital.
Northland Capital Markets acted as exclusive placement agent; fee of 5% of gross proceeds.
Shares offered under effective shelf registration statement on Form S-3 (File No. 333-282389).

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