Serve Robotics Inc. /DE/ (SERV) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
SERV currently has 76.1M outstanding shares. with moderate dilution risk from 18.9M authorized shares representing 24.9% potential dilution. The company has significantly diluted shareholders by 89.49% over the past 2 years, indicating aggressive capital raising.
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| May 11, 2026 |
S-3 filing: This S-3 filing from 2026-05-11 relates to a potential offering of common stock through an at-the-market offering. |
76M | 19M |
| May 07, 2026 |
10-Q filing | 75.3M shares outstanding |
75M | 20M |
| Mar 12, 2026 |
10-K filing | 75.7M shares outstanding |
76M | 19M |
| Nov 14, 2025 |
10-Q filing | 74.5M shares outstanding |
74M | 21M |
| May 08, 2025 |
10-Q filing | 56.3M shares outstanding |
56M | 39M |
| Mar 06, 2025 |
S-3 filing: The company may offer and sell common stock, preferred stock, debt securities, warrants, or rights, either individually or in units, with a total value of up to $300,000,000 from time to time. |
57M | 38M |
| Mar 06, 2025 |
10-K filing | 56.9M shares outstanding |
57M | 38M |
| Mar 06, 2025 |
POS AM filing: This prospectus relates to the registration and resale of up to 20,046,997 shares of common stock by selling stockholders. |
57M | 38M |
| Jan 07, 2025 |
8-K filing: Serve Robotics Inc. entered into a securities purchase agreement to issue and sell 4,210,525 shares of common stock at $19.00 per share in a registered direct offering, with gross proceeds expected to be approximately $80 million. ($80.0M proceeds) |
41M | 5.8M |
| Nov 07, 2024 |
10-Q filing | 40.6M shares outstanding |
41M | 5.8M |
| Sep 27, 2024 |
S-3 filing: The filing is an S-3 form indicating that the company may offer and sell, in one or more offerings, common stock, preferred stock, debt securities, warrants or rights, either individually or in units, with a total value of up to $200,000,000 from time to time. |
42M | 4.1M |
| Sep 05, 2024 |
S-3 filing: This prospectus relates to the registration and resale by the selling stockholder of up to 3,311,110 shares of common stock. |
42M | 4.1M |
| Aug 28, 2024 |
8-K filing: Serve Robotics Inc. entered into a Securities Purchase Agreement for a private placement offering of pre-funded warrants and common warrants, and agreed to a warrant exchange of existing warrants for new unregistered warrants, with expected gross proceeds of approximately $20 million. ($20.0M proceeds) |
40M | 3.5M |
| Aug 13, 2024 |
10-Q filing | 39.6M shares outstanding |
40M | 3.5M |
| Jul 31, 2024 |
S-1 filing: This S-1 filing registers the resale of up to 5,000,000 shares of common stock by a selling stockholder, including shares issuable upon exercise of warrants, with the company not receiving proceeds from the sale of shares by the selling stockholder but potentially from the exercise of warrants. The filing also discloses that the company's common stock is traded on Nasdaq under the ticker symbol 'SERV' and provides information about the company's outstanding shares and other securities. |
37M | 6.3M |
| Jul 23, 2024 |
8-K filing: Serve Robotics Inc. entered into a Securities Purchase Agreement for a private placement offering of pre-funded warrants to purchase shares of common stock and warrants exercisable for common stock, selling 2,500,000 pre-funded warrants and investor warrants to purchase up to 2,500,000 shares of common stock at a combined price of $5.9999, expecting gross proceeds of approximately $15 million. ($15.0M proceeds) |
37M | 1M |
| Jun 28, 2024 |
S-1/A filing: This S-1/A filing includes the offering of 4,813,041 shares of common stock by selling stockholders. It also mentions that there are 37,098,653 shares of common stock outstanding as of May 31, 2024. |
37M | 1M |
| Jun 07, 2024 |
S-1 filing: This S-1 filing includes an offering of 4,813,041 shares of common stock by selling stockholders and reports 37,098,653 shares of common stock outstanding as of May 31, 2024. |
37M | 1M |
| May 15, 2024 |
10-Q filing | 37.1M shares outstanding |
37M | 0 |
| Apr 23, 2024 |
8-K filing: Serve Robotics Inc. issued a warrant to Aegis Capital Corp. to purchase 500,000 shares of common stock at $5.00 per share and issued Network 1 Financial Securities, Inc. a warrant to purchase 63,479 shares of common stock at $2.42 per share in connection with the public offering and the conversion of promissory notes, respectively. |
27M | 6.2M |
| Apr 18, 2024 |
8-K filing: Serve Robotics Inc. entered into an underwriting agreement with Aegis Capital Corp. for a public offering of 10,000,000 shares of common stock at $4.00 per share, with an option for the underwriters to purchase up to 1,500,000 additional shares. ($40.0M proceeds) |
27M | 6.2M |
| Apr 12, 2024 |
S-1/A filing: This is a public offering of shares of common stock by Serve Robotics Inc. offering 8,888,889 shares of their common stock (based upon the assumed public offering price of $4.50 per share, the closing price of their common stock on April 5, 2024 on the OTCQB). |
27M | 6.2M |
| Apr 09, 2024 |
S-1/A filing: This is a public offering of shares of common stock by Serve Robotics Inc. We are offering $40,000,000 of shares of our common stock. |
27M | 6.2M |
| Mar 11, 2024 |
S-1 filing: This S-1 filing is for a public offering of common stock by Serve Robotics Inc. |
25M | 0 |
| Feb 29, 2024 |
10-K filing | 24.8M shares outstanding |
25M | 0 |
| Feb 07, 2024 |
8-K filing: Serve Robotics Inc. issued a warrant to Magna New Mobility USA, Inc. to purchase up to 2,145,000 shares of the Company's common stock at an exercise price of $0.01 per share. |
25M | 0 |
| Nov 28, 2023 |
S-1/A filing: This S-1/A filing relates to the offering and resale of up to 18,960,989 shares of common stock by selling stockholders. |
25M | 0 |
| Nov 15, 2023 |
10-Q filing | 24.8M shares outstanding |
25M | 0 |
| Nov 01, 2023 |
S-1/A filing: This S-1/A filing relates to the offering and resale by selling stockholders of up to 18,960,989 shares of common stock of Serve Robotics Inc. |
25M | 0 |
| Sep 15, 2023 |
S-1 filing: This S-1 filing relates to the offering and resale by selling stockholders of up to 18,806,497 shares of common stock of Serve Robotics Inc. |
25M | 0 |
| Jul 27, 2023 |
10-Q filing | 5.0M shares outstanding |
5M | 0 |
| May 15, 2023 |
10-Q filing | 5.0M shares outstanding |
5M | 0 |
| Mar 31, 2023 |
10-K filing | 5.0M shares outstanding |
5M | 0 |
| Nov 14, 2022 |
10-Q filing | 5.0M shares outstanding |
5M | 0 |
| Aug 15, 2022 |
10-Q filing | 5.0M shares outstanding |
5M | 0 |
| May 16, 2022 |
10-Q filing | 5.0M shares outstanding |
5M | 0 |
| Mar 31, 2022 |
10-K filing | 5.0M shares outstanding |
5M | 0 |
| Nov 16, 2021 |
10-Q filing | 5.0M shares outstanding |
5M | 0 |
| Aug 16, 2021 |
10-Q filing | 5.0M shares outstanding |
5M | 0 |
| May 17, 2021 |
10-Q filing | 5.0M shares outstanding |
5M | 0 |
| Apr 28, 2021 |
10-K filing | 5.0M shares outstanding |
5M | 0 |