Skip to main content
Midas Edge

Serve Robotics Inc DE

For the period ended Dec 31, 2024. Filed Mar 6, 2025.

View on SEC.gov

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Mar 6, 2025

SERV$3.11-8.3%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits
Contents

Consolidated Statements of Stockholders’ Equity (Deficit

Series Seed Preferred Stock · Series Seed-1 Preferred Stock · Series Seed-2 Preferred Stock · Series Seed-3 Preferred Stock · Common Stock · Additional Paid-in Capital · Subscription Receivable · Accumulated Deficit · Total Stockholders’ Equity (Deficit)
Shares · Amount · Shares · Amount · Shares · Amount · Shares · Amount · Shares · Amount
Balances at December 31, 20223,091,672$3092,440,411$2442,088,696$209357,836$366,826,352$683$31,232,737$(165,719)$(43,520,645)$(12,452,146)
Issuance of common stock pursuant to private placement--------3,040,14030412,160,256--12,160,560
Conversion of convertible note and derivative into common stock in connection with Merger--------937,961943,751,781--3,751,875
Conversion of SAFEs into common stock in connection with Merger--------4,372,60143717,489,967--17,490,404
Conversion of preferred stock into common stock in connection with Merger(3,091,672)(309)(2,440,411)(244)(2,088,696)(209)(357,836)(36)7,978,616798----
Patricia shares converted into common stock upon the Merger--------1,500,000150(150)---
Issuance of common stock pursuant to private placement offering, net of offering costs--------143,53114574,110--574,124
Vested restricted stock purchased with recourse notes--------11,194-13,735(3,897)-9,838
Restricted stock awards repurchased--------(319,118)(32)29--(3)
Warrants issued with convertible note----------991,000--991,000
Exercise of warrants upon the Merger--------17,5182(2)---
Stock-based compensation----------544,375--544,375
Offering costs consists in connection with issuance of common stock pursuant to Merger----------(2,289,697)--(2,289,697)
Net loss------------(24,813,736)(24,813,736)
Balances at December 31, 2023-$--$--$--$-24,508,795$2,450$64,468,141$(169,616)$(68,334,381)$(4,033,406)
Issuance of common stock pursuant to offering--------10,000,0001,00039,999,000--40,000,000
Offering costs----------(4,150,864)--(4,150,864)
Conversion of convertible note and derivative liability into common stock--------2,104,5622106,803,390--6,803,600
Issuance of common stock under the Sales Agreement and Equity Distribution Agreement, net of offering costs5,698,99257077,595,42377,595,993
Restricted stock awards repurchased--------(233,208)(24)24---
Interest on recourse loan-----------3,987-3,987
Interest and forgiveness on recourse loans----------165,629-165,629
Issuance of pre-funded warrants to purchase common stock in connection with private placement, net of issuance costs--------3,055,55530617,115,657--17,115,963
Vested restricted stock units--------377,28438(38)---
Exercise of warrants--------5,264,79952622,448,315--22,448,841
Exercise of options--------511,78751367,246--367,297
Stock-based compensation----------14,554,926--14,554,926
Net loss------------(39,191,052)(39,191,052)
Balances at December 31, 2024-$--$--$--$-51,288,566$5,127$239,201,220$-$(107,525,433)$131,680,914
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.