Company: SERV
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0001832483-25-000010
Chunk: 142

Company: Serve Robotics Inc. /DE/
Filing Date: 2025-03-06
Form: 10-K
Item: Item 8
Chunk 142
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)(32)29 - - (3)Warrants issued with convertible note-- -- -- -- -- 991,000 - - 991,000 Exercise of warrants upon the Merger- - - - - - - - 17,518 2 (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-- -- -- -- 10,000,0001,000 39,999,000 - - 40,000,000 Offering costs-- -- -- -- -- (4,150,864)- - (4,150,864)Conversion of convertible note and derivative liability into common stock-- -- -- -- 2,104,562210 6,803,390 - - 6,803,600 Issuance of common stock under the Sales Agreement and Equity Distribution Agreement, net of offering costs5,698,992 570 77,595,423 77,595,993 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