secwatch.observer — SEC 8-K summary
======================================

Issuer:     Serve Robotics Inc. /DE/ (SERV)
CIK:        0001832483
Form:       8-K
Filed at:   2026-02-20T23:59:59+00:00
Accession:  0001213900-26-018806
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Serve Robotics acquires Vebu Inc. for $3.75M in stock plus cash adjustment
--------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1832483/000121390026018806/0001213900-26-018806-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1832483/000121390026018806/ea0277713-8k_serve.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-018806

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer