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Midas Edge

Serve Robotics Inc DE

For the period ended Dec 31, 2024. Filed Mar 6, 2025.

View on SEC.gov

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Mar 6, 2025

SERV$2.91-8.2%Stored close · as of Nov 12, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Statements of Stockholders’ Equity (Deficit

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Series Seed Preferred Stock · Series Seed-1 Preferred Stock · Series Seed-2 Preferred Stock · Series Seed-3 Preferred Stock · Common Stock · Additional Paid-in Capital · Subscription Receivable · Accumulated Deficit · Total Stockholders’ Equity (Deficit)
Shares · Amount · Shares · Amount · Shares · Amount · Shares · Amount · Shares · Amount
Balances at December 31, 20223,091,672$3092,440,411$2442,088,696$209357,836$366,826,352$683$31,232,737$(165,719)$(43,520,645)$(12,452,146)
Issuance of common stock pursuant to private placement--------3,040,14030412,160,256--12,160,560
Conversion of convertible note and derivative into common stock in connection with Merger--------937,961943,751,781--3,751,875
Conversion of SAFEs into common stock in connection with Merger--------4,372,60143717,489,967--17,490,404
Conversion of preferred stock into common stock in connection with Merger(3,091,672)(309)(2,440,411)(244)(2,088,696)(209)(357,836)(36)7,978,616798----
Patricia shares converted into common stock upon the Merger--------1,500,000150(150)---
Issuance of common stock pursuant to private placement offering, net of offering costs--------143,53114574,110--574,124
Vested restricted stock purchased with recourse notes--------11,194-13,735(3,897)-9,838
Restricted stock awards repurchased--------(319,118)(32)29--(3)
Warrants issued with convertible note----------991,000--991,000
Exercise of warrants upon the Merger--------17,5182(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--------10,000,0001,00039,999,000--40,000,000
Offering costs----------(4,150,864)--(4,150,864)
Conversion of convertible note and derivative liability into common stock--------2,104,5622106,803,390--6,803,600
Issuance of common stock under the Sales Agreement and Equity Distribution Agreement, net of offering costs5,698,99257077,595,42377,595,993
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 issuance costs--------3,055,55530617,115,657--17,115,963
Vested restricted stock units--------377,28438(38)---
Exercise of warrants--------5,264,79952622,448,315--22,448,841
Exercise of options--------511,78751367,246--367,297
Stock-based compensation----------14,554,926--14,554,926
Net loss------------(39,191,052)(39,191,052)
Balances at December 31, 2024-$--$--$--$-51,288,566$5,127$239,201,220$-$(107,525,433)$131,680,914
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.