Serve Robotics to acquire Diligent Robotics for $29M in stock, expanding into hospital robots

Serve Robotics Inc. /DE/

Acquisition consideration: $29.0M in Serve common stock (at ~$14.38/share), plus up to $5.3M earnout.
Diligent's Moxi robot: over 1.25M deliveries, ~100 robots across 25+ hospitals; annual sales per hospital $200k–$400k.
Transaction expected to close in Q1 2026; subject to customary closing conditions and Nasdaq listing of shares.
Diligent (founded 2017) raised over $100M from Tiger Global, Canaan, True Ventures; CEO Andrea Thomaz to lead subsidiary.
Deal extends Serve's autonomy platform from sidewalk delivery into indoor healthcare environments.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Serve Robotics Inc. /DE/ entered into Merger Agreement with Diligent Robotics, Inc. valued at $29.0 million (effective 2026-01-19).

Action: entry
Agreement: merger
Counterparty: Diligent Robotics, Inc.
Value: $29.0 million
Effective: 2026-01-19

Exact text from the filing

On January 19, 2026, Serve Robotics Inc., a Delaware corporation (the “Company”), entered into an Agreement and Plan of Merger (the “Merger Agreement”) by and among the Company, Delight Merger Sub, Inc., a Delaware corporation and direct wholly owned subsidiary of the Company (“Merger Sub”), Diligent Robotics, Inc. (“Diligent”)

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Serve Robotics Inc. /DE/ filing history →

Source: SEC EDGAR

accession 0001213900-26-005920

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