AINewsBreaks – Serve Robotics Inc. (NASDAQ: SERV) Closes on $15M Private Placement

Serve Robotics (NASDAQ: SERV), a leading autonomous sidewalk delivery company, recently announced the closing of a private placement with a single institutional investor. The transaction included the purchase and sale of pre-funded warrants to purchase 2,500,000 shares of the company’s common stock at a purchase price of $6.00 per unit along with warrants to purchase up to an aggregate of 2,500,000 shares of common stock at an exercise price of $6.00 per unit. The offering closed on July 24, 2024, raising approximately $15.0 million in gross proceeds before deductions. Aegis Capital Corp. acted as the exclusive placement agent for the offering.

To view the full press release, visit https://ibn.fm/9tOvr

About Serve Robotics Inc.

Backed by Uber and NVIDIA, Serve Robotics develops advanced, AI-powered, low-emissions sidewalk delivery robots that endeavor to make delivery sustainable and economical. Spun off from Uber in 2021 as an independent company, Serve has completed tens of thousands of deliveries for enterprise partners such as Uber Eats and 7-Eleven. The company has scalable multi-year contracts, including a signed agreement to deploy up to 2,000 delivery robots on the Uber Eats platform across multiple U.S. markets. For more information, please visit www.serverobotics.com.

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