Serve Robotics shares are trading lower after the company announced the pricing of a $15 million private placement.
Portfolio Pulse from Benzinga Newsdesk
Serve Robotics shares are trading lower following the announcement of a $15 million private placement.

July 23, 2024 | 1:15 pm
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Serve Robotics shares are trading lower after the company announced the pricing of a $15 million private placement.
The announcement of a private placement often leads to a dilution of existing shares, which can negatively impact the stock price in the short term. Investors may be concerned about the dilution effect and the reasons behind the need for additional capital.
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