Company Summary: Serve Robotics Inc.

Overview: Serve Robotics Inc. is a technology company specializing in autonomous delivery robots and related automation solutions. The company is incorporated in Delaware and publicly traded on the Nasdaq Capital Market under the trading symbol SERV.

Business Focus:

• Develops and deploys autonomous delivery robots, likely used for last-mile delivery services.
• Aims to provide efficient, contactless, and autonomous delivery solutions for various clients and consumers.

Financial and Operational Details from the Document:

• The company held approximately 56,918,226 shares of common stock outstanding as of March 4, 2025.
• The aggregate market value of the company's common stock held by non-affiliates was approximately $65.3 million as of June 30, 2024.
• The company has not filed detailed financial data such as revenue, net income, or number of customers in this document.

Employees:

• Specific number of employees is not provided in the document.

Revenue & Income:

• No specific figures regarding revenue, net income, or other financial metrics are included in the provided excerpt.

Additional Notes:

• Serve Robotics is classified as a smaller reporting company and an emerging growth company.
• The company has filed certification and disclosure documents per Sarbanes-Oxley requirements, indicating ongoing efforts to comply with financial reporting standards.
• The company has acknowledged internal control weaknesses, particularly related to size limitations affecting resources and segregation of duties, but has a remediation plan in progress.

Summary Conclusion: Based on the provided filing information, Serve Robotics Inc. is engaged in autonomous delivery automation, with a substantial number of shares outstanding and a market valuation of around $65 million as of mid-2024. The document emphasizes internal controls and governance but does not specify detailed operational metrics, customer base, or financial performance figures.