Serve Robotics Inc. /DE/ (SERV): M&A transaction — Serve Robotics acquires Vebu Inc. for $3.75M in stock plus cash adjustment

Serve Robotics Inc. /DE/

Closed merger with Vebu on Feb 17, 2026; Vebu becomes wholly owned subsidiary.
Issued 118,128 shares of common stock valued at ~$1.51M ($12.7913/share VWAP) to Vebu stockholders.
Paid $2.26M cash for net debt adjustment; total consideration ~$3.75M.
Assumed 500,000 restricted stock units for continuing employees; earnout potential up to 33% of net proceeds.
Offer made under Section 4(a)(2) private placement exemption.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Serve Robotics Inc. /DE/ completed an acquisition involving Vebu, Inc. for aggregate value of $3.75 million (closed 2026-02-17).

Action: acquisition
Counterparty: Vebu, Inc.
Consideration: aggregate value of $3.75 million
Closing: 2026-02-17

Exact text from the filing

Vebu (the “Vebu Stockholders”) at the Closing consisted of a number of the Company’s common stock, par value $0.0001 per share (“Common Stock”) with an aggregate value of $3.75 million, subject to a net debt adjustment, net working capital adjustment and such other adjustments as set forth in the Merger Agreement. In addition, Vebu Stockholders may receive

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Source: SEC EDGAR

accession 0001213900-26-018806

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