Cash Position
The company is cashflow positive based on quarterly cash flow of 0.00
Commentary on Financial Condition
Serve Robotics Inc. has experienced significant operating losses, with an accumulated deficit of $120.74 million as of March 31, 2025, and a net loss of $13.22 million for the first quarter of 2025. Despite these losses, the company has raised substantial capital, including $80 million from a securities purchase agreement and $35.8 million from a public offering, which has resulted in cash and cash equivalents of $197.76 million. Serve Robotics anticipates that its current cash resources will be sufficient to meet its needs for at least the next 12 months, but acknowledges the potential need for additional financing to support strategic initiatives and growth. The company faces challenges such as customer concentration risks, supply chain constraints, and regulatory conditions, which could impact its financial condition and operations., Filed At: 2025-05-08
Former Symbols
Nasdaq Compliance
Date
Deficiency
Market
Status
Notes
Previous Splits
Date
Split
Shelf
Title | Raisable Amt | Offering Amt | Amt Sold Last 12 Mos | Float | 60 Day High | Price to Exceed Baby Shelf | Float Value | Exp Date | Effective date | |
|---|---|---|---|---|---|---|---|---|---|---|
March 2025 SHELF & ATM | $300,000,000.00 | $300.00 M | 0 | 40.35 M | 8.62 | 1.86 | 347.80 M | 3/17/2028 | 3/17/2025 | |
September 2024 SHELF | $200,000,000.00 | $200.00 M | 0 | 40.35 M | 8.62 | 1.86 | 347.80 M | 10/4/2027 | 10/4/2024 |
ATM
Title | ATM Remaining | Offering Amt | Exp Date | Shr Amt | Bank | Date | Type | |
|---|---|---|---|---|---|---|---|---|
March 2025 ATM | $150,000,000.00 | $150.00 M | 3/17/2028 | - | Cantor Fitzgerald & Co., Wedbush Securities Inc., Northland Securities, Inc., Ladenburg Thalmann & Co. Inc., Seaport Global Securities LLC | Mar 14, 2025 | 424B5 | |
March 2025 SHELF & ATM | $150,000,000.00 | $300.00 M | 3/17/2028 | - | - | Mar 6, 2025 | S-3 | |
November 2024 ATM | $150,000,000.00 | $100.00 M | - | - | Northland Securities, Inc., B. Riley Securities, Inc., Ladenburg Thalmann & Co. Inc. | Nov 7, 2024 | 424B5 |
Warrants
Title | Registered | Remaining Warrants | Ex Price | Cost Basis | Total Warrants | Owners | Bank | Price Protection | Details | Exercisable Date | Expiration Date | Filed Date | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
August 2024 PIPE Warants | Registered | 2,755,555 | $10.00 | - | 2,755,555 | - | - | - | Aug 28, 2024 | ||||
July 2024 - PIPE warrants | Registered | - | $6.00 | - | 2,500,000 | Armistice | Customary Anti-Dilution | - | - | Jul 24, 2024 | |||
July 2024 - PIPE $6 prefunded warrants | Registered | - | $0.01 | 6 | 2,500,000 | Armistice | Customary Anti-Dilution | - | - | Jul 23, 2024 | |||
February 2024 - Warrants | Registered | 2,145,000 | $0.01 | - | 2,145,000 | Magna International | Customary Anti-Dilution | - | - | Feb 1, 2024 | |||
April 2023 - Warrants | Registered | 1,090,272 | $2.63 | - | 1,090,272 | N/A | Weighted Average | - | - | Apr 28, 2023 |
Convertibles
Title | Registered | Shares Remaining | Cv Price | $ Amt Remaining | Total $ Amt | Owners | Bank | Price Protection | Details | Convertible Date | Maturity Date | Filed Date | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
January 2024 - Convertible Note | Registered | 0 | $2.42 | $0.00 | $5,000,000.00 | Nvidia, Postmates | Customary Anti-Dilution | - | - | Jan 26, 2024 |
Completed Offerings
Title | Offering Amt | Shr Amt | Share Price | Warrants | Bank | Owners | Date | Type | |
|---|---|---|---|---|---|---|---|---|---|
REGISTERED OFFERING | $80.00 M | 4.21 M | $19.00 | - | Northland Securities, Inc. | n/a | Jan 7, 2025 | 8-K | |
ATM USED AND WARRANT EXERCISE | $86.00 M | - | - | - | Northland, B Riley, Ladenburg Thalmann | n/a | Jan 6, 2025 | 8-K | |
NEW ATM | $100.00 M | - | - | - | Northland Securities, Inc., B. Riley Securities, Inc., Ladenburg Thalmann & Co. Inc. | - | Nov 7, 2024 | 8-K | |
PRIVATE PLACEMENT | $5.00 M | 555.55 k | $9.00 | 555.55 k | Aegis Capital Corp. | - | Aug 28, 2024 | 8-K | |
PRIVATE PLACEMENT | $15.00 M | 2.50 M | $6.00 | 2.50 M | Aegis | Armistice | Jul 23, 2024 | 8-K | |
- | $40.00 M | 10.00 M | $4.00 | - | Aegis Capital Corp. | - | Apr 18, 2024 | 424B4 | |
UPLIST | $40.00 M | 10.00 M | $4.00 | 0.00 | Aegis | Postmates | Apr 18, 2024 | 8-K | |
PRIVATE PLACEMENT | $5.00 M | 1.67 M | $3.00 | 0.00 | - | Nvidia, Postmates | Jan 26, 2024 | S-1 | |
PRIVATE PLACEMENT | $12.73 M | 3.18 M | $4.00 | 0.00 | Network 1 Financial | - | Jul 31, 2023 | 8-K |