Serve Robotics announced the closing of a private placement with a single institutional investor for the purchase and sale of pre-funded warrants to purchase 2.5M shares of common stock, together with warrants to purchase up to an aggregate of 2.5M shares of Common Stock at an exercise price of $6.00 per share. Each pre-funded warrant to purchase one share of common stock together with one warrant to purchase one share of common stock is being sold at a purchase price of $6.00. Aegis Capital acted as the exclusive placement agent for the offering.
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