Serve robotics inc. announces pricing of $40 million public offering and uplisting to the nasdaq capital market under new ticker "serv"

San francisco , april 17, 2024 /prnewswire/ -- serve robotics inc. (the "company" or "serve"), a leading autonomous sidewalk delivery company, today announced the pricing of its underwritten public offering of 10,000,000 shares of common stock at a price to the public of $4.00 per share, for aggregate gross proceeds of $40 million, prior to deducting underwriting discounts and offering expenses. the offering includes the participation of one of serve's largest stockholders and strategic partners, postmates, llc, a wholly-owned subsidiary of uber technologies inc (nyse: uber).
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