Serve Robotics Inc. Files Amendment No. 2 to S-1 Registration Statement

TL;DR

<b>Serve Robotics Inc. has filed an amendment to its S-1 registration statement, indicating ongoing efforts to register securities.</b>

AI Summary

Serve Robotics Inc. /DE/ (SERV) filed a Amended IPO Registration (S-1/A) with the SEC on April 12, 2024. Serve Robotics Inc. filed Amendment No. 2 to its Form S-1 Registration Statement on April 12, 2024. The filing relates to the registration of securities under the Securities Act of 1933. The company is incorporated in Delaware and its fiscal year ends on December 31. Serve Robotics Inc. is classified as a non-accelerated filer and an emerging growth company. The principal executive offices are located at 730 Broadway, Redwood City, CA 94063.

Why It Matters

For investors and stakeholders tracking Serve Robotics Inc. /DE/, this filing contains several important signals. This amendment signifies continued progress in the company's capital-raising or public offering plans. The S-1 filing is a crucial step for companies intending to go public or issue new securities, providing detailed financial and business information to potential investors.

Risk Assessment

Risk Level: low — Serve Robotics Inc. /DE/ shows low risk based on this filing. The filing is an amendment to a registration statement, which is a standard procedural step and does not inherently indicate significant new risks or positive developments.

Analyst Insight

Monitor future filings for details on the offering size, pricing, and use of proceeds.

Key Numbers

• 20240412 — Filing Date (Amendment No. 2 to Form S-1 filed on this date)
• 333-277809 — Registration Number (Registration Number for the S-1 filing)
• 1231 — Fiscal Year End (Company's fiscal year end)
• 20201116 — Name Change Date (Date of former company name change)

Key Players & Entities

• Serve Robotics Inc. (company) — Filer name
• Delaware (jurisdiction) — State of incorporation
• 3790 (industry_code) — Primary Standard Industrial Classification Code Number
• 853844872 (identifier) — I.R.S. Employer Identification Number
• 730 Broadway Redwood City, CA 94063 (address) — Registrant's principal executive offices
• 818-860-1352 (phone) — Business phone number
• Ali Kashani (person) — Chief Executive Officer
• Patricia Acquisition Corp. (company) — Former company name

FAQ

Industry Context

Serve Robotics Inc. operates in the transportation equipment manufacturing sector, focusing on autonomous delivery solutions.

Regulatory Implications

The filing is made under the Securities Act of 1933, which governs the registration of securities.

What Investors Should Do

1. Review the full S-1/A filing for detailed financial information and risk factors.
2. Track subsequent amendments or effectiveness dates for the registration statement.
3. Analyze the company's business model and competitive landscape in the autonomous delivery sector.

Year-Over-Year Comparison

This is an amendment to a previously filed S-1 registration statement.

Key Financial Figures

• $40,000,000 — RIL 12, 2024 PRELIMINARY PROSPECTUS $40,000,000 Common Stock This is a public offer
• $4.50 — on the assumed public offering price of $4.50 per share (the closing price of our com
• $4.5 million — ith an aggregate value of approximately $4.5 million at the assumed public offering price. H
• $1 — o reduce average delivery cost to under $1.00, lower than delivery cost by human c
• $450 billion — obots and drones may grow to as much as $450 billion globally in 2030. Our Industry and Mar
• $10 — ery costs by offering certain customers $10 to pick up items from nearby stores. A
• $0.01 — ovided therein, at an exercise price of $0.01 per share. The Magna Warrant will be e
• $5.0 million — f the Convertible Promissory Notes were $5.0 million. Pursuant to the terms of the Converti
• $80,000,000 b — i) the quotient resulting from dividing $80,000,000 by the number of outstanding shares of co

Filing Documents

• ea0203588-s1a2_serverob.htm (S-1/A) — 1835KB
• ea020358801ex1-1_serverob.htm (EX-1.1) — 327KB
• ea020358801ex23-1_serverob.htm (EX-23.1) — 2KB
• ea020358801ex-fee_serverob.htm (EX-FILING FEES) — 11KB
• image_001.jpg (GRAPHIC) — 3KB
• image_002.jpg (GRAPHIC) — 472KB
• image_003.jpg (GRAPHIC) — 6KB
• image_004.jpg (GRAPHIC) — 6KB
• image_005.jpg (GRAPHIC) — 3KB
• 0001213900-24-032580.txt (&nbsp;) — 3911KB
• sbot-20231231.xsd (EX-101.SCH) — 3KB
• sbot-20231231_def.xml (EX-101.DEF) — 6KB
• sbot-20231231_lab.xml (EX-101.LAB) — 9KB
• sbot-20231231_pre.xml (EX-101.PRE) — 6KB
• ea0203588-s1a2_serverob_htm.xml (XML) — 2KB

BUSINESS

BUSINESS 57 MANAGEMENT 74 EXECUTIVE AND DIRECTOR COMPENSATION 79 CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS 94 USE OF PROCEEDS 97 DIVIDEND POLICY 98 CAPITALIZATION 99

DILUTION

DILUTION 101 MARKET INFORMATION FOR OUR COMMON STOCK 104 PRINCIPAL STOCKHOLDERS 105 DESCRIPTION OF CAPITAL STOCK 107 SHARES ELIGIBLE FOR FUTURE SALE 113 CERTAIN U.S. FEDERAL INCOME TAX CONSIDERATIONS 116

UNDERWRITING

UNDERWRITING 120 LEGAL MATTERS 123 EXPERTS 123 WHERE YOU CAN FIND MORE INFORMATION 123 INDEX TO FINANCIAL STATEMENTS F-1 i ABOUT THIS PROSPECTUS Through and including , 2024 (the 25th day after the date of this prospectus), all dealers effecting transactions in these securities, whether or not participating in this offering, may be required to deliver a prospectus. This delivery requirement is in addition to a dealer's obligation to deliver a prospectus when acting as an underwriter and with respect to an unsold allotment or subscription. We and the underwriter have not authorized anyone to give you any information other than the information contained in this prospectus, the information incorporated by reference herein, any applicable prospectus supplement or any free writing prospectus filed with the U.S. Securities and Exchange Commission (the "SEC"). We and the underwriter take no responsibility for, and can provide no assurances as to the reliability of, any other information that others may give you. Neither we nor the underwriter have authorized anyone to provide you with additional information or information different from that contained in this prospectus filed with the SEC. This prospectus is an offer to sell only the shares offered hereby, but only under circumstances and in jurisdictions where it is lawful to do so. You should assume that the information appearing in this prospectus, the applicable prospectus supplement and any related free writing prospectus is accurate only as of the respective dates of those documents. Our business, financial condition, results of operations and prospects may have changed since those dates. For Non-U.S. Investors Neither we nor the underwriter have done anything that would permit this offering or possession or distribution of this prospectus, any prospectus supplement or free writing prospectus filed with the SEC, in any jurisdiction where action for that purpose is required, other than in the Unit

View Full Filing

View this S-1/A filing on SEC EDGAR