Serve Robotics Inc. /DE/ (SERV): M&A transaction — Serve Robotics completes Diligent Robotics acquisition for ~$48M in stock and cash

Serve Robotics Inc. /DE/

Aggregate consideration: $29M in common stock (incl. up to $5.3M earnout) plus ~$19M cash for debt adjustment.
Issued 32,835 shares at $14.3794/share; up to 366,332 earnout shares possible.
Assumed 1,319,151 RSUs from Diligent; all Diligent options and warrants cancelled.
Diligent survives as wholly owned subsidiary of Serve Robotics.
Financial statements and pro forma info to be filed within 71 days.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 1.0

Serve Robotics Inc. /DE/ completed an acquisition involving Diligent Robotics, Inc. for $29.0 million in common stock (including potential earnout of $5.3 million) and approximately $19.0 million in cash paid for debt adjustment (closed 2026-01-27).

Action: acquisition
Counterparty: Diligent Robotics, Inc.
Consideration: $29.0 million in common stock (including potential earnout of $5.3 million) and approximately $19.0 million in cash paid for debt adjustment
Closing: 2026-01-27

Exact text from the filing

the closing (the “Closing”) of the Transaction consisted of (1) a number of the Company’s common stock, par value $0.0001 per share (“Common Stock”) with an aggregate value of $29.0 million, subject to a net debt adjustment, networking capital adjustment and such other adjustments as set forth in the Merger Agreement (which amount includes potential earnout amount

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Serve Robotics Inc. /DE/ filing history →

Source: SEC EDGAR

accession 0001213900-26-009480

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