secwatch.observer — SEC 8-K summary
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Issuer:     Serve Robotics Inc. /DE/ (SERV)
CIK:        0001832483
Form:       8-K/A
Filed at:   2026-04-14T23:59:59+00:00
Accession:  0001213900-26-043149
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Serve Robotics acquires Diligent Robotics; Diligent posts $22.7M net loss on $9M revenue in 2025
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- Diligent 2025 revenue $9.0M, net loss $22.7M, gross loss $1.4M; accumulated deficit $112.8M.
- Diligent had $1.1M cash, $17.5M total liabilities, $110.2M stockholders' deficit at Dec 31, 2025.
- Auditors raised substantial doubt about Diligent as going concern, alleviated by the Serve acquisition.
- Acquisition closed Jan 27, 2026; financial statements and pro forma combined data filed as exhibits.
- Diligent's flagship product Moxi automates hospital tasks; key customer concentration at 12% of revenue.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1832483/000121390026043149/0001213900-26-043149-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1832483/000121390026043149/ea0283053-8ka1_serve.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-043149

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