secwatch.observer — SEC 8-K summary
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Issuer:     Serve Robotics Inc. /DE/ (SERV)
CIK:        0001832483
Form:       8-K
Filed at:   2026-05-11T23:59:59+00:00
Accession:  0001213900-26-054200
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Serve Robotics ends $150M ATM sales agreement, reports pro forma Q1 net loss of $51M from Diligent acquisition
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- Terminated $150M at-the-market equity offering with Cantor Fitzgerald and other agents effective May 7, 2026; no penalties.
- Prior agreement raised $91.2M gross from 7.7M shares before termination.
- Filed unaudited pro forma Q1 2026 combining Serve and Diligent (acquired Jan 27 for $25.7M).
- Pro forma Q1 revenue $3.5M, net loss $51.0M, diluted EPS -$0.68 vs Serve standalone -$0.65.
- Preliminary purchase price: $20.1M cash, $2.5M stock, $3.1M contingent earnout; $10M goodwill recorded.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1832483/000121390026054200/0001213900-26-054200-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1832483/000121390026054200/ea028960901-8k_serve.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-054200

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