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Benzinga
Benzinga
Business
Dylan Berman

What's Going On With Serve Robotics Shares Friday?

SERV Serve Serve Robotics
Serve Robotics street

Serve Robotics Inc. (NASDAQ:SERV) shares are trading lower Friday after the company announced a $100 million offering.

What To Know: The company said it entered into securities purchase agreements with institutional investors for the sale of 6.25 million shares of common stock. Gross proceeds from the offering are expected to total approximately $100 million, before deducting placement agent fees and other offering expenses.

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