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Week of Expected Pricing 4/18/2024
Company Name SERVE ROBOTICS INC. /DE/
Proposed Ticker SERV
CUSIP 81758H106
Business Description We are on a mission to deliver a sustainable future by transforming how goods move among people. Serve has developed an advanced, AI-powered robotics mobility platform, with last-mile delivery in cities as its first application. According to the U.S. Bureau of Transportation Statistics in 2017, 45% of car trips in the United States are taken for shopping and errands, and in 2019, FedEx stated that over 60% of merchants’ customers live within three miles of a store location. By eliminating unnecessary car traffic, and by reducing the cost of last-mile transportation, Serve aims to reshape cities into sustainable, safe, and people-friendly environments, with thriving local economies.
Lead Underwriter Aegis Capital Corp.
Co-Managers N/A
Initial Shares 8,888,889
Revised Initial Shares N/A
Initial Price $4.50-$4.50
Revised Price $4.00-$4.00
Final Price $4.00
Final Ticker SERV

 

 

   
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