Reported Earlier, Serve Robotics Prices Private Placement & Warrant Exercise For Gross Proceeds Of $20M
Portfolio Pulse from Benzinga Newsdesk
Serve Robotics has announced a private placement and warrant exercise agreement with an institutional investor, raising $20 million. The deal involves pre-funded warrants and common stock warrants, with the latter exercisable at $10 per share.
August 28, 2024 | 5:48 am
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Serve Robotics has raised $20 million through a private placement involving pre-funded warrants and common stock warrants. This capital infusion could support the company's growth and operational plans.
The $20 million raised through the private placement and warrant exercise provides Serve Robotics with significant capital. This can be used for expansion, R&D, or other strategic initiatives, likely having a positive impact on the company's stock price in the short term.
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