Serve Robotics, a startup providing autonomous sidewalk delivery robots, has unveiled 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, a wholly-owned subsidiary of Uber Technologies.
In addition, Serve has granted Aegis Capital, a 45-day option to purchase up to 1,500,000 additional shares of common stock, equal to 15 percent of the number of shares sold in the offering solely to cover over-allotments, if any. [Read more…] about Serve Robotics unveils pricing of $40 million public offering and listing on Nasdaq