Serve Robotics prices $100M registered direct offering of 6.25M shares at $16.00

Serve Robotics Inc. /DE/

Offering of 6.25M shares at $16.00/share for gross proceeds of ~$100M, expected to close Oct 14, 2025.
Net proceeds to be used for general corporate purposes, including working capital.
Northland Capital Markets acted as sole placement agent; Oppenheimer & Co. and Wedbush Securities as capital markets advisors.
Shares sold under effective shelf registration statement (File No. 333-285614) declared effective March 14, 2025.
Company agreed to a 30-day lock-up on further equity issuance or registration statements, subject to exemptions.

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