Serve Robotics, an Uber subsidiary, launches a $40m public offering for research, development, and expansion.
Serve Robotics, an autonomous sidewalk delivery company, announces a $40 million public offering of 10 million shares at $4 per share. A subsidiary of Uber, Postmates, will participate in the offering. Proceeds will be used for research and development, manufacturing, expansion, and general corporate purposes. Serve's common stock will begin trading on Nasdaq Capital Market under the ticker "SERV" from April 18.
April 18, 2024
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