Serve Robotics Announces $100 Million Registered Direct Offering of Common Stock
Serve Robotics (Nasdaq: SERV) announced a registered direct offering of 6,250,000 shares of common stock expected to raise approximately $100.0 million in gross proceeds, before placement agent fees and offering expenses. The offering is expected to close on or about October 14, 2025, subject to customary closing conditions. The company intends to use net proceeds for general corporate purposes, including working capital. Northland Capital Markets is sole placement agent; Oppenheimer and Wedbush are capital markets advisors. The offering is made under an effective Form S-3 shelf registration declared effective March 14, 2025.
Serve Robotics (Nasdaq: SERV) ha annunciato un'offerta diretta registrata di 6.250.000 azioni ordinarie prevista per raccogliere circa 100,0 milioni di dollari di proventi lordi, prima delle commissioni dell'agente di collocamento e delle spese di offerta. L'offerta dovrebbe chiudersi intorno al 14 ottobre 2025, soggetta alle consuete condizioni di chiusura. L'azienda intende utilizzare l'utile netto per finalità societarie generali, inclusa la gestione del capitale circolante. Northland Capital Markets è l'unico agente di collocamento; Oppenheimer e Wedbush sono consulenti per i mercati dei capitali. L'offerta è realizzata ai sensi di un Form S-3 di shelf registration efficace dichiarato effettivo il 14 marzo 2025.
Serve Robotics (Nasdaq: SERV) anunció una oferta directa registrada de 6,250,000 acciones de acciones ordinarias que se espera genere aproximadamente 100,0 millones de dólares en ingresos brutos, antes de las comisiones del agente de colocación y gastos de la oferta. Se espera que la oferta cierre aproximadamente el 14 de octubre de 2025, sujeto a las condiciones de cierre habituales. La compañía tiene la intención de usar los ingresos netos para fines generales de la empresa, incluida la capital de trabajo. Northland Capital Markets es el agente exclusivo de colocación; Oppenheimer y Wedbush son asesores de mercados de capital. La oferta se realiza conforme a un Formulario S-3 de registro de estantería vigente declarado efectivo el 14 de marzo de 2025.
Serve Robotics (나스닥: SERV)은 6,250,000주의 일반주를 등록 직접 모집하여 총 1억 달러의 브로스 수익을 모금할 예정이라고 발표했습니다. 이는 배치 대리인 수수료 및 제안 비용을 차감하기 전의 금액입니다. 이번 모집은 대략 2025년 10월 14일 경에 마감될 것으로 예상되며, 일반적인 종결 조건에 따릅니다. 회사는 순수익을 일반 기업 목적, 운전자본 포함으로 사용할 의향이 있습니다. Northland Capital Markets는 단독 배치 대리인이며, Oppenheimer와 Wedbush는 자본시장 자문입니다. 이 모집은 2025년 3월 14일에 발효된 유효한 Form S-3 Shelf 등록에 따라 이루어집니다.
Serve Robotics (Nasdaq : SERV) a annoncé une offre directe enregistrée de 6 250 000 actions ordinaires qui devrait permettre de réunir environ 100,0 millions de dollars de produits bruts, avant les commissions de l’agent de placement et les frais d’offre. L’offre devrait être clôturée vers le 14 octobre 2025, sous réserve des conditions de clôture habituelles. La société a l’intention d’utiliser le produit net pour des finalités générales d’entreprise, y compris le fonds de roulement. Northland Capital Markets est l’unique agent de placement ; Oppenheimer et Wedbush sont des conseillers pour les marchés de capitaux. L’offre est réalisée au titre d’un enregistrement d’emprunt Form S-3 efficace déclaré efficace le 14 mars 2025.
Serve Robotics (Nasdaq: SERV) kündigte ein registriertes Direktangebot von 6.250.000 Stammaktien an, das voraussichtlich rund 100,0 Mio. USD brutogewinne vor Platzierungsmaklergebühren und Angebotkosten einbringen wird. Das Angebot soll am oder um den 14. Oktober 2025 abgeschlossen werden, vorbehaltlich üblicher Abschlussbedingungen. Das Unternehmen beabsichtigt, die Nettoeinnahmen für allgemeine Unternehmenszwecke, einschließlich Working Capital zu verwenden. Northland Capital Markets ist alleiniger Platzierungsagent; Oppenheimer und Wedbush sind Kapitalmarktsberater. Das Angebot erfolgt unter einem effektiven Form S-3 Shelf-Registration, die am 14. März 2025 wirksam wurde.
Serve Robotics (نازداك: SERV) أعلنت عن عرض مباشر مسجل ل6,250,000 سهماً عادياً من الأسهم، ومن المتوقع أن يجمع تقريباً 100.0 مليون دولار من العائدات الإجمالية قبل عمولات وكيل الترتيب وتكاليف العرض. من المتوقع أن يغلق العرض في نحو 14 أكتوبر 2025، وفقاً لشروط الإغلاق المعتادة. تعتزم الشركة استخدام صافي العائدات لـ الأغراض العامة للشركة، بما في ذلك رأس المال العامل. Northland Capital Markets هي الوكيل الحصري للترتيب؛ Oppenheimer وWedbush هما مستشارا أسواق رأس المال. يتم العرض وفقاً لنموذج Form S-3 Shelf Registration الفعّال الذي صدر في 14 مارس 2025.
Serve Robotics（纳斯达克：SERV） 宣布了一项注册直接发行，发行6,250,000股普通股，预计在托管费及发行费用之前募集约1亿美元毛收入。该发行预计将在2025年10月14日左右完成，须符合惯常的交割条件。公司打算将净募集资金用于一般企业用途，包括营运资金。Northland Capital Markets为唯一的配售代理；Oppenheimer和Wedbush为资本市场顾问。该发行依据自2025年3月14日生效的有效Form S-3存 shelf 注册进行。
- Registered direct offering sized at 6,250,000 shares
- Gross proceeds expected of approximately $100.0 million
- Net proceeds intended for general corporate purposes and working capital
- Offering made under an effective Form S-3 shelf registration
- Potential shareholder dilution from issuance of 6,250,000 new shares
- Gross proceeds stated before placement agent fees and offering expenses
- Closing is conditional and expected on or about October 14, 2025
Insights
Registered direct offering to raise
Serve Robotics is issuing 6,250,000 shares in a registered direct offering expected to generate gross proceeds of
The capital infusion reduces near-term liquidity pressure but dilutes existing shareholders. The offering depends on customary closing conditions and the timely filing and availability of the final prospectus supplement. Execution risk centers on market reception and closing on or about
Watch for the filed final prospectus supplement and the closing confirmation; compare post-offering share count to prior outstanding shares. Monitor use of proceeds disclosures in subsequent filings over the next
SAN FRANCISCO, Oct. 10, 2025 (GLOBE NEWSWIRE) -- Serve Robotics Inc. ("Serve" or the "Company") (Nasdaq: SERV), a leading autonomous sidewalk delivery company, announced today that the Company has entered into securities purchase agreements with certain institutional investors for the purchase and sale of 6,250,000 shares of common stock, pursuant to a registered direct offering, expected to result in gross proceeds of approximately
The Company intends to use net proceeds from the offering for general corporate purposes, including working capital.
Northland Capital Markets acted as the sole placement agent for the transaction. Oppenheimer & Co. Inc. and Wedbush Securities Inc. are serving as capital markets advisors to the Company.
The offering is being made pursuant to an effective shelf registration statement on Form S-3 (File No. 333-285614), which was declared effective by the Securities and Exchange Commission (the “SEC”) on March 14, 2025. A final prospectus supplement and the accompanying prospectus relating to the registered direct offering will be filed with the SEC and will be available on the SEC's website located at http://www.sec.gov. Additionally, when available, electronic copies of the final prospectus supplement and the accompanying prospectus may be obtained, when available, from Northland Securities, Inc., 150 South Fifth Street, Suite 3300, Minneapolis, MN.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Serve Robotics
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 over 100,000 deliveries for enterprise partners such as Uber Eats and 7-Eleven. Serve has scalable multi-year contracts to deploy up to 2,000 delivery robots across multiple U.S. markets.
For further information about Serve Robotics (Nasdaq: SERV), please visit www.serverobotics.com or follow us on social media via X (Twitter), Instagram, or LinkedIn @serverobotics.
Safe Harbor Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Serve intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 21E of the Exchange Act. These forward-looking statements can be about future events, including statements regarding Serve's intentions, objectives, plans, expectations, assumptions and beliefs about future events, including Serve's expectations with respect to the financial and operating performance of its business, its capital position, and future growth. The words "anticipate", "believe", "expect", "project", "predict", "will", "forecast", "estimate", "likely", "intend", "outlook", "should", "could", "may", "target", "plan", “on track” and other similar expressions can generally be used to identify forward-looking statements. Indications of, and guidance or outlook on, future earnings or financial position or performance are also forward-looking statements. Any forward-looking statements in this press release are based on management's current expectations of future events and are subject to a number of risks and uncertainties that could cause actual results to differ materially and adversely from those set forth in or implied by such forward-looking statements. Risks that contribute to the uncertain nature of the forward-looking statements include those risks and uncertainties set forth in Serve's Annual Report on Form 10-K for the year ended December 31, 2024, filed with the United States Securities and Exchange Commission (the "SEC") and in its subsequent filings filed with the SEC. All forward-looking statements contained in this press release speak only as of the date on which they were made. Serve undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made.
Contacts Media Aduke Thelwell Head of Communications and Investor Relations Serve Robotics press@serverobotics.com Investor Relations investor.relations@serverobotics.com
FAQ
What is Serve Robotics (SERV) selling in the October 2025 registered direct offering?
How much gross capital will Serve Robotics (SERV) raise from the offering?
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Who is acting as placement agent and advisors for Serve Robotics (SERV)?
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