secwatch.observer — SEC 8-K summary
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Issuer:     Serve Robotics Inc. /DE/ (SERV)
CIK:        0001832483
Form:       8-K
Filed at:   2025-10-10T23:59:59+00:00
Accession:  0001213900-25-097926
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1832483/000121390025097926/0001213900-25-097926-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1832483/000121390025097926/ea0260902-8k_serve.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-097926

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