Serve Robotics Inc.’s (NASDAQ:SERV) Quiet Period Will End on May 28th
Serve Robotics’ (NASDAQ:SERV – Get Free Report) quiet period will expire on Tuesday, May 28th. Serve Robotics had issued 10,000,000 shares in its initial public offering on April 18th. The total size of the offering was $40,000,000 based on an initial share price of $4.00. During the company’s quiet period, underwriters and any insiders involved in the IPO are prevented from issuing any research reports or earnings estimates for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.
Serve Robotics Trading Down 1.2 %
Shares of NASDAQ:SERV opened at $3.20 on Tuesday. Serve Robotics has a 1 year low of $2.33 and a 1 year high of $4.96.
About Serve Robotics
Serve Robotics Inc designs, develops, and operates low-emission robots that serve people in public spaces with food delivery in the United States. It builds self-driving delivery robots. The company was formerly known as Patricia Acquisition Corp. and changed its name to Serve Robotics Inc in July 2023.
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