Serve Robotics (SERV) said late Tuesday it signed an agreement with a single institutional investor that will likely result in about $20 million in gross proceeds.
The private placement is related to pre-funded warrants to purchase 555,555 common shares and a warrant to purchase up to 555,555 shares at an exercise price of $10 per share.
The transaction to execute the sale and purchase agreement will likely close around this Wednesday.
Shares of the company declined over 1% in pre-bell activity.
Price: 9.35, Change: -0.12, Percent Change: -1.27
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments