An announcement from Serve Robotics Inc (SERV) is now available.
Serve Robotics Inc. successfully closed a public offering on April 22, 2024, selling 10 million shares at $4 each. Aegis Capital Corp, the underwriter, received a warrant to buy an additional 500,000 shares at $5 per share, starting October 2024. Similarly, as the exclusive placement agent for the company’s convertible notes issuance, Network 1 Financial Securities obtained warrants for purchasing shares resulting from the notes conversion, at an exercise price of $2.42. Both warrants carry anti-dilution rights and are set to expire in April 2029, with specific restrictions on their sale and hedging activities in line with regulatory rules.
For an in-depth examination of SERV stock, go to TipRanks’ Stock Analysis page.
