Serve Robotics acquires Vayu Robotics; up to 1.7M shares + warrants; Vinod Khosla joins board

Serve Robotics Inc. /DE/

Acquired Vayu Robotics for up to 1,696,069 shares upfront plus up to 560,000 earnout shares tied to autonomy milestones.
Warrants to purchase 4,000,000 shares at $10.36 issued to Khosla Ventures; stock locked 180 days, warrants 4 years.
Expects to accelerate AI foundation model-based autonomy for last-mile delivery using Vayu's simulation engine.
Vinod Khosla to join Serve's advisory board.

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