Serve Robotics Announces Pricing Of $15M Private Placement Of Pre-funded Warrants To Purchase 2.5M Shares Of Serve's Common Stock, Together With A Warrants To Purchase Up To An Aggregate Of 2.5M Shares Of Stock At A Price Of $6/Share
Portfolio Pulse from Benzinga Newsdesk
Serve Robotics Inc. (NASDAQ:SERV) announced a $15M private placement of pre-funded warrants to purchase 2.5M shares of common stock, along with warrants to purchase an additional 2.5M shares at $6/share. The offering is expected to close around July 24, 2024.
July 23, 2024 | 1:15 pm
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Serve Robotics Inc. announced a $15M private placement of pre-funded warrants to purchase 2.5M shares of common stock, along with warrants to purchase an additional 2.5M shares at $6/share. The offering is expected to close around July 24, 2024.
The $15M private placement will provide Serve Robotics with significant capital, which can be used for growth and operational needs. The issuance of warrants at $6/share indicates investor confidence and could positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100