M&A - Serve Robotics Inc. /DE/

Form Type: 10-K

Filing Date: 2025-03-06

Corporate Action: Merger

Type: Update

Accession Number: 000183248325000010

Filing Summary: Serve Robotics Inc., previously known as Patricia Acquisition Corp., was incorporated in Delaware and recently completed a merger with Serve, where Serve became a wholly-owned subsidiary. Following this merger, the company changed its name to Serve Robotics Inc. The merger capitalized on Serve's existing technology and business model, which focuses on developing AI-powered delivery robots, enhancing its market position significantly. The company reports having over 100 operational robots and aims to scale this fleet to 2,000 by the end of 2025. It leverages partnerships, notably with Uber Eats, to enhance its delivery capabilities and streamline operations.