Serve Robotics Files 8-K: Material Agreement, Other Events
Ticker: SERV · Form: 8-K · Filed: Oct 10, 2025 · CIK: 1832483
Sentiment: neutral
Topics: material-agreement, corporate-event
TL;DR
Serve Robotics signed a big deal, filing an 8-K today.
AI Summary
Serve Robotics Inc. entered into a Material Definitive Agreement on October 10, 2025. The filing also reports on Other Events and includes Financial Statements and Exhibits. The company, formerly Patricia Acquisition Corp., is incorporated in Delaware and headquartered in Redwood City, CA.
Why It Matters
This 8-K filing indicates a significant new agreement for Serve Robotics, which could impact its operational and financial trajectory.
Risk Assessment
Risk Level: medium — Material Definitive Agreements can introduce new risks or opportunities, requiring further analysis of the agreement's terms.
Key Players & Entities
- Serve Robotics Inc. (company) — Registrant
- Patricia Acquisition Corp. (company) — Former Name
- October 10, 2025 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of Incorporation
- Redwood City, CA (location) — Principal Executive Offices
FAQ
What is the nature of the Material Definitive Agreement entered into by Serve Robotics Inc.?
The filing does not specify the details of the Material Definitive Agreement, only that one was entered into on October 10, 2025.
What were the 'Other Events' reported in this 8-K filing?
The filing does not provide specific details regarding the 'Other Events' beyond listing it as an item information category.
When did Serve Robotics Inc. change its name from Patricia Acquisition Corp.?
The filing states the Date of Name Change was November 16, 2020.
What is Serve Robotics Inc.'s principal executive office address?
Serve Robotics Inc.'s principal executive offices are located at 730 Broadway, Redwood City, CA 94063.
What is Serve Robotics Inc.'s IRS Employer Identification Number?
Serve Robotics Inc.'s IRS Employer Identification Number is 85-3844872.
Filing Stats: 1,117 words · 4 min read · ~4 pages · Grade level 13 · Accepted 2025-10-10 07:30:52
Key Financial Figures
- $0.0001 — ch registered Common Stock, par value $0.0001 per share SERV The Nasdaq Capital M
- $16.00 — hare (the "Common Stock") at a price of $16.00 per Share. The gross proceeds to the Co
- $100 m — fering are expected to be approximately $100 million, before deducting the placement a
Filing Documents
- ea0260902-8k_serve.htm (8-K) — 34KB
- ea026090201ex5-1_serve.htm (EX-5.1) — 12KB
- ea026090201ex10-1_serve.htm (EX-10.1) — 171KB
- ea026090201ex10-2_serve.htm (EX-10.2) — 146KB
- ea026090201ex99-1_serve.htm (EX-99.1) — 9KB
- image_001.jpg (GRAPHIC) — 3KB
- ex5-1_001.jpg (GRAPHIC) — 2KB
- 0001213900-25-097926.txt ( ) — 641KB
- serv-20251010.xsd (EX-101.SCH) — 3KB
- serv-20251010_lab.xml (EX-101.LAB) — 33KB
- serv-20251010_pre.xml (EX-101.PRE) — 22KB
- ea0260902-8k_serve_htm.xml (XML) — 4KB
01. Entry into
Item 1.01. Entry into a Material Definitive Agreement. On October 10, 2025, Serve Robotics Inc. (the "Company") entered into a securities purchase agreement (the "Purchase Agreement") with certain institutional investors (the "Purchasers") pursuant to which the Company agreed to issue and sell, in a registered direct offering (the "Registered Direct Offering") an aggregate of 6,250,000 shares (the "Shares") of the Company's common stock, $0.0001 par value per share (the "Common Stock") at a price of $16.00 per Share. The gross proceeds to the Company from the Registered Direct Offering are expected to be approximately $100 million, before deducting the placement agent's fees and other offering expenses payable by the Company. The Registered Direct Offering is expected to close on October 14, 2025, subject to the satisfaction of customary closing conditions. The Company intends to use the net proceeds from the Registered Direct Offering for general corporate purposes, including for working capital, capital expenditures and general and administrative expenses. The Purchase Agreement contains representations, warranties and agreements by the Company, customary conditions to closing, indemnification obligations of the Company, including for liabilities arising under the Securities Act of 1933, as amended (the "Securities Act"), other obligations of the parties and termination provisions. The representations, warranties and covenants contained in the Purchase Agreement were made only for the purposes of such agreements and as of the specific dates, were solely for the benefit of the parties to such agreements and may be subject to limitations agreed upon by the contracting parties. Pursuant to the terms of the Purchase Agreement, until 30 days following the closing date of the Registered Direct Offering, the Company has agreed not to (i) issue, enter into any agreement to issue or announce the issuance or proposed issuance of any shares of Common Stock or Common Sto
01 Other Events
Item 8.01 Other Events. On October 10, 2025, the Company issued a press release announcing the pricing of the Registered Direct Offering, a copy of which is filed as Exhibit 99.1 and incorporated by reference herein.
01 Financial
Item 9.01 Financial (d) Exhibits Exhibit No. Description 5.1 Opinion of Orrick, Herrington & Sutcliffe LLP 10.1 Form of Securities Purchase Agreement, by and among the Company and the Purchasers. 10.2 Placement Agency Agreement, dated October 10, 2025, by and between Serve Robotics Inc. and Northland Securities, Inc. 23.1 Consent of Orrick, Herrington & Sutcliffe LLP (included in Exhibit 5.1) 99.1 Press Release, dated October 10, 2025 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 2
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: October 10, 2025 Serve Robotics Inc. By: /s/ Brian Read Name: Brian Read Title: Chief Financial Officer 3