Serve Robotics Inc. /DE/ terminated Controlled Equity Offering SM Agreement with Cantor Fitzgerald & Co., Wedbush Securities Inc., Northland Securities, Inc., Ladenburg Thalmann & Co. Inc. and Seaport Global Securities LLC (collectively, the "Agents") valued at up to $150 million (effective 2026-05-07).
“On May 7, 2026, Serve Robotics Inc. (the “Company”) and each of Cantor Fitzgerald & Co., Wedbush Securities Inc., Northland Securities, Inc., Ladenburg Thalmann & Co. Inc. and Seaport Global Securities LLC (collectively, the “Agents”) agreed to terminate the Controlled Equity Offering SM Agreement, dated as of March 6, 2025 (the “Prior Sales Agreement”).”
Earnings Releases
Serve Robotics Inc. /DE/ reported the first quarter ended March 31, 2026 results: revenue $3.0 million. Guidance reaffirmed.
“on Form 8-K. --- EX-99.1 (EX-99.1) --- Serve Robotics Announces First Quarter 2026 Results with 3X Sequential Revenue Growth • Revenue scaled ahead of plan; Q1 revenue of $3.0 million, up 238% sequentially and 578% year over year, reflecting growth across all offerings. • Entered into additional vertical through acquisition of Diligent Robotics; expanding”
M&A Transactions
Serve Robotics Inc. /DE/ completed an acquisition involving Vebu, Inc. for aggregate value of $3.75 million (closed 2026-02-17).
“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”
M&A Transactions
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).
“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”
Material Agreements
Serve Robotics Inc. /DE/ entered into Merger Agreement with Diligent Robotics, Inc. valued at $29.0 million (effective 2026-01-19).
“On January 19, 2026, Serve Robotics Inc., a Delaware corporation (the “Company”), entered into an Agreement and Plan of Merger (the “Merger Agreement”) by and among the Company, Delight Merger Sub, Inc., a Delaware corporation and direct wholly owned subsidiary of the Company (“Merger Sub”), Diligent Robotics, Inc. (“Diligent”)”
David Goldberg was appointed as Director at Serve Robotics Inc. /DE/.
“To fill the vacancy that will result from Mr. Pourdad’s decision not to stand for re-election, the Board intends to nominate David Goldberg for election to the Board at the 2024 Annual Meeting.”
Ali Pourdad departed as Class I Director at Serve Robotics Inc. /DE/.
“On May 28, 2024, Ali Pourdad, a member of the Board of Directors (the “Board”) of Serve Robotics Inc. (the “Company”) informed the Company that he will not stand for re-election to the Board as a Class I Director at the 2024 Annual Meeting of Stockholders (the “2024 Annual Meeting”).”
Earnings Releases
Serve Robotics Inc. /DE/ reported the three months ended March 31, 2024 results: revenue $0.95 million.
“Serve Robotics Announces First Quarter 2024 Results and Provides Corporate Update ● Revenue of $0.95 million”
Material Agreements
Serve Robotics Inc. /DE/ entered into Underwriting Agreement with Aegis Capital Corp. valued at 10,000,000 shares of the Company’s common stock, par value $0.0001 per share, at a public offering p (effective 2024-04-17).
“On April 17, 2024 (the “Effective Date”), Serve Robotics Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with Aegis Capital Corp. (“Aegis”) in connection with the public offering of 10,000,000 shares of the Company’s common stock, par value $0.0001 per share (the “Common Stock”), at a public offering price of $4.00 per share”
Material Agreements
Serve Robotics Inc. /DE/ entered into Underwriting Agreement with Aegis Capital Corp. valued at $4.00 per share (effective 2024-04-17).
“On April 17, 2024, Serve Robotics Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with Aegis Capital Corp. (“Aegis”), as the representative of the several underwriters named in Schedule I thereto (collectively, the “Underwriters”), in connection with the public offering of 10,000,000 shares of the Company’s common stock, par value $0.0001 per share (the “Common Stock”), at a public offering price of $4.00 per share (the “Offering”).”
Material Agreements
Serve Robotics Inc. /DE/ entered into Underwriting Agreement with Aegis Capital Corp., as the representative of the several underwriters valued at 10,000,000 shares of the Company’s common stock, par value $0.0001 per share, at a public offering p (effective 2024-04-17).
“On April 17, 2024, Serve Robotics Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with Aegis Capital Corp. (“Aegis”), as the representative of the several underwriters named in Schedule I thereto (collectively, the “Underwriters”), in connection with the public offering of 10,000,000 shares of the Company’s common stock, par value $0.0001 per share (the “Common Stock”), at a public offering price of $4.00 per share (the “Offering”).”
April Pannell resigned as Chief Financial Officer at Serve Robotics Inc. /DE/.
“On April 8, 2024, the Company accepted the resignation of April Pannell, the Company’s Chief Financial Officer, effective as of the Effective Date, upon the commencement of Mr. Read’s employment.”
Brian Read was appointed as Chief Financial Officer at Serve Robotics Inc. /DE/.
“On April 8, 2024, the board of directors (the “Board”) of Serve Robotics Inc. (the “Company”) appointed Brian Read as the Company’s Chief Financial Officer, effective on or around April 29, 2024”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.