Serve Robotics Inc (SERV) Options

8.46 to 9.40 zone of interest

Loading for a swing trade here. Load with stops

If shorts covered then the squeeze play is gone. We’ll see.

There were 4.5 million shares short as of 7/31. I’ll be interested to see the 8/15 report.

with a turnover of 12 million and a sideways movement all day, i would assume that a lot of short positions were covered today, as there is hardly anyone left who wants to sell the stock and such sellers need the shorts

July 2024 PIPE

On July 23, 2024, we entered into a Securities Purchase Agreement with Armistice for a private placement offering of the Pre-Funded Warrants and accompanying Investor Warrants. Pursuant to the Securities Purchase Agreement, we sold 2,500,000 Pre-Funded Warrants, with each Pre-Funded Warrant exercisable for one share of Common Stock, together with Investor Warrants to purchase up to 2,500,000 shares of Common Stock. Each Pre-Funded Warrant and accompanying Investor Warrant were sold together at a combined offering price of $5.9999.

Summary Risk Factors

See if it holds 8.56 and if they want to hold it there seems like a better buying level.

Let the hedgies who control the stock do their work and then another ride up eventually. Serv=put delivery drivers out of business so it will get more contracts

Wait, the News is good, the stock like go up and shorts can not hold him for long time

Unfortunately not happening.

AH High was 12,85$

A squeeze tomorrow is not unrealistic at all

You are an absolute clown that has no idea on what you are talking about 🤡🤡

i load the dip right now, because most of the shares that would be short today will be cover until the end

Might see 10 before the close.

Nope. Too many shorts.

Or not

the more shares you short today, the more massive the squeeze will be today

Shorts are trying hard to keep it down but that's some huge news with a company with 100s or thousands of locations

in my opinion, we see over 14,40$ a massive squeeze today

$100 by next year. This one exponential longer term. Rollout of Uber robots just in baby stages. They will be eliminating hundreds of millions of delivery driver jobs worldwide longer term and savings for consumer and restaurants

break out 13,70$ chart and volume go up

The News is perfect for going up to 17$ and the shorts have a big problem

Formed a lower trend line and now coiling up into a triangle. Hopefully if breaks up

13,47$ and go up

Needs to break this trend line that it fell below. It's right below it here at 13.30

with the deal we could see 17$+ today

Trying to come back and fill the gap. Need more volume to to stop it.

Early Barchart 100
https://www.barchart.com/stocks/performance/percent-change/advances?timeFrame=today&viewName=main&screener=overall&orderBy=percentChange&orderDir=desc

Serve Robotics and Shake Shack Roll Out Autonomous Robot Delivery Via Uber Eats

Source: PR Newswire (US)
Select Shake Shack customers in the Los Angeles area may receive their next order via a Serve robot
Serve continues to make progress towards its commitment to deploy up to 2,000 AI-powered sidewalk delivery robots on the Uber platform
SAN FRANCISCO, Aug. 14, 2024 /PRNewswire/ -- Serve Robotics Inc. ("Serve") (Nasdaq: SERV), a leading autonomous sidewalk delivery company, and Shake Shack Inc. ("Shake Shack") (NYSE: SHAK) today announced a partnership to deliver Shake Shack using Serve's autonomous delivery robots via Uber Eats, the delivery platform of Uber Technologies Inc. (NYSE: UBER).

Serve Robotics delivery robot delivering for Shake Shack

Customers who order from select Shake Shack restaurants in Los Angeles through Uber Eats may receive their order via Serve's innovative autonomous robots. The partnership marks another step forward in the expansion of sidewalk robots on Uber Eats, which has been offering Serve's autonomous deliveries in Los Angeles since 2022, and is poised to lead to future expansion across the U.S.

"We are excited to add another national merchant like Shake Shack to our platform, a partnership made possible through the relationship we have built with Uber Eats across tens of thousands of successful deliveries," said Touraj Parang, President and COO of Serve Robotics. "Today's announcement highlights the value of Serve's world-class strategic partnerships as we work to expand our geographic footprint and deploy 2,000 robots across the U.S. in 2025."

"We're thrilled about our collaboration with Serve Robotics and Uber Eats," said Steph So, Senior Vice President of Digital Experience at Shake Shack. "In line with our vision of enlightened hospitality, this partnership highlights our commitment to leveraging innovation to enhance guest experiences both in and out of Shack."

"Serve has been advancing their technology for years to provide merchants and consumers with not only a futuristic experience but greater affordability, reliability, and convenience," said Noah Zych, Global Head of Autonomous Mobility & Delivery at Uber. "We're thrilled to take another step forward and give Shake Shack customers in Los Angeles a little more Uber magic through sidewalk robot delivery."

Key Features of Serve's Autonomous Delivery Robots:

Quick and Convenient: Optimized for efficient route planning and available on demand, Serve's robots enable food to arrive reliably, hot/cold and fresh.
Secure and Contactless Delivery: Serve's robots are designed to maintain the security of the food items during transit, providing a fully contactless delivery option.
Cost-Effective: Robotic delivery increases efficiency and lowers costs. And there's no need to tip the robot!
Safe Navigation Systems: Equipped with advanced GPS technology and artificial intelligence (AI), the robots safely and swiftly navigate urban environments, avoiding obstacles and offering a smooth delivery experience.
Eco-Friendly Solution: The all-electric robots will eliminate noise and congestion from crowded urban areas and help reduce the carbon footprint associated with traditional delivery methods.
Shake Shack autonomous robotic delivery is currently available through the Uber Eats app. To learn more about the delivery process, visit www.serverobotics.com/uber-eats.

About Shake Shack
Shake Shack serves elevated versions of American classics using only the best ingredients. It's known for its delicious made-to-order Angus beef burgers, crispy chicken, hand-spun milkshakes, house-made lemonades, beer, wine, and more. With its high-quality food at a great value, warm hospitality, and a commitment to crafting uplifting experiences, Shake Shack quickly became a cult-brand with widespread appeal. Shake Shack's purpose is to Stand For Something Good®, from its premium ingredients and employee development, to its inspiring designs and deep community investment. Since the original Shack opened in 2004 in NYC's Madison Square Park, the Company has expanded to over 550 locations system-wide, including over 350 in 34 U.S. States and the District of Columbia, and over 195 international locations across London, Hong Kong, Shanghai, Singapore, Mexico City, Istanbul, Dubai, Tokyo, Seoul and more.

Skip the line with the Shack App, a mobile ordering app that lets you save time by ordering ahead! Guests can select their location, pick their food, choose a pickup time and their meal will be cooked-to-order and timed to arrival. Available on iOS and Android.

Learn more: shakeshack.com | IG: @shakeshack | t: @shakeshack | facebook.com/shakeshack

About Uber
Uber's mission is to create opportunity through movement. We started in 2010 to solve a simple problem: how do you get access to a ride at the touch of a button? More than 49 billion trips later, we're building products to get people closer to where they want to be. By changing how people, food, and things move through cities, Uber is a platform that opens up the world to new possibilities.

About Serve Robotics
Serve Robotics develops advanced, AI-powered, low-emissions sidewalk delivery robots that endeavor to make delivery sustainable and economical. Spun off from Uber in 2021 as an independent company, Serve has completed tens of thousands of deliveries for enterprise partners such as Uber Eats and 7-Eleven. Serve has scalable multi-year contracts, including a signed agreement to deploy up to 2,000 delivery robots on the Uber Eats platform across multiple U.S. markets.

For further information about Serve Robotics (Nasdaq:SERV), please visit www.serverobotics.com or follow us on social media via X (Twitter), Instagram, or LinkedIn @serverobotics.

Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Serve intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 21E of the Exchange Act. These forward-looking statements can be about future events, including statements regarding Serve's intentions, objectives, plans, expectations, assumptions and beliefs about future events, including Serve's expectations with respect to the financial and operating performance of its business, its capital position, and future growth. The words "anticipate", "believe", "expect", "project", "predict", "will", "forecast", "estimate", "likely", "intend", "outlook", "should", "could", "may", "target", "plan" and other similar expressions can generally be used to identify forward-looking statements. Indications of, and guidance or outlook on, future earnings or financial position or performance are also forward-looking statements. Any forward-looking statements in this press release are based on management's current expectations of future events and are subject to a number of risks and uncertainties that could cause actual results to differ materially and adversely from those set forth in or implied by such forward-looking statements. Risks that contribute to the uncertain nature of the forward-looking statements include those risks and uncertainties set forth in Serve's Annual Report on Form 10-K for the year ended December 31, 2023, filed with the United States Securities and Exchange Commission (the "SEC") and in its subsequent filings filed with the SEC. All forward-looking statements contained in this press release speak only as of the date on which they were made. Serve undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made.

Contacts

Media
Malory Van Guilder
Skyya PR for Serve Robotics
serve@skyya.com
651.335.0585

Investor Relations
investor.relations@serverobotics.com



Serve Robotics delivery robot on delivery for Shake Shack

Serve Robotics robot delivering for Shake Shack

Serve Robotics delivery robot delivering for Shake Shack

Serve Robotics and Shake Shack Roll Out Autonomous Robot Delivery Via Uber Eats

Short squeeze tomorrow

Serve Robotics Announces Second Quarter 2024 Results
PR Newswire
Tue, Aug 13, 2024 at 4:05 PM EDT

https://finance.yahoo.com/news/serve-robotics-announces-second-quarter-200500556.html
Manufacturing activities commenced on 2,000-robot fleet deployment following entry into manufacturing agreement with Magna and amendment to lidar supply agreement with Ouster

Cash position bolstered by proceeds of $40 million equity offering, as well as post-quarter $15 million private placement transaction

SAN FRANCISCO, Aug. 13, 2024 /PRNewswire/ -- Serve Robotics Inc. (the "Company" or "Serve") (Nasdaq: SERV), a leading autonomous sidewalk delivery company, today announced financial results for the second quarter 2024 ended June 30, 2024.

"We are pleased to report another strong quarter, extending our 30-month track record of double-digit month-over-month growth and improvements in key operational metrics," said Dr. Ali Kashani, Serve's Co-founder and CEO. "This quarter, we expanded into Koreatown in Los Angeles, signed important agreements with Magna International Inc. ("Magna") and expanded on our supply agreement with Ouster Inc. ("Ouster"), and appointed our Chief Hardware & Manufacturing Officer to spearhead our fleet expansion efforts. I am particularly pleased to announce that Serve has completed the design of our third-generation robot. Looking ahead, we are focused on executing Serve's fleet expansion plan to deploy at least 250 additional robots in Los Angeles by the end of Q1 2025. We believe our continued execution of this plan through year end 2025 will position Serve to deploy all 2,000 robots under our Uber Eats agreement, which at full utilization is expected to generate $60 to $80 million in run-rate revenue annually."

Second Quarter 2024 and Recent Highlights

Public Offering & Follow-on Transaction: On April 18, 2024, Serve completed a successful public equity offering, which generated $40.0 million in gross proceeds, and through which Serve's common stock began trading on The Nasdaq Capital Market under the ticker symbol "SERV". Post quarter-end, the company also completed a private placement transaction with gross proceeds of $15.0 million.

Operational Performance: Serve averaged 385 daily supply hours during the second quarter 2024, a 106% increase year-over-year and a 28% increase quarter-over-quarter. The Company also achieved an 85% increase in daily active robots year-over-year and a 23% increase quarter-over-quarter.

Los Angeles Expansion: In June 2024, Serve announced the expansion of its delivery operations into Koreatown and began onboarding new local merchants through its partnership with Uber Eats. The coverage expansion represents execution of Serve's long-term plan to broaden its geographic reach in Los Angeles and across the U.S.

Manufacturing activities commenced following Magna and Ouster agreements: In the second quarter Serve commenced manufacturing activities on its 2,000-robot fleet, led by Euan Abraham, the Company's newly promoted Chief Hardware & Manufacturing Officer. Serve also entered into a purchase and production agreement with Magna, under which Magna will become the contract manufacturer of Serve's delivery robots, and signed an amendment expanding its supply agreement with Ouster to equip its next-generation robots with upgraded sensors for enhanced performance.

Manufacturing activities commenced following Magna and Ouster agreements: In the second quarter Serve commenced manufacturing activities on its 2,000-robot fleet, led by Euan Abraham, the Company's newly promoted Chief Hardware & Manufacturing Officer. Serve also entered into a purchase and production agreement with Magna, under which Magna will become the contract manufacturer of Serve's delivery robots, and signed an amendment expanding its supply agreement with Ouster to equip its next-generation robots with upgraded sensors for enhanced performance.

Second Quarter Financial Highlights

Second quarter revenue was $0.47 million, including $0.30 million of software service revenue derived from the Company's software services agreement with Magna. As forecasted, Serve's services contract with Magna was significantly completed during the second quarter, and the Company does not anticipate material software services revenue in Q3 2024.

As of June 30, 2024, the Company had $28.8 million of cash and cash equivalents.

As of June 30, 2024, the Company had 36.5 million shares of common stock outstanding, and 42.6 million shares outstanding on a fully diluted basis. Following the Company's July 2024 private placement, the Company had approximately 48.2 million shares outstanding on a fully diluted basis.

Quarterly Conference Call

Company management will host a conference call and webcast today at 2:00 p.m. PT / 5:00 p.m. ET to discuss the financial results and provide a corporate update. A live webcast and replay can be accessed from the investor relations page of Serve's website at investors.serverobotics.com.

Individuals interested in listening to the conference call may do so by dialing (646) 968-2525 and referencing conference ID#: 1640108.

About Serve

Serve develops advanced, AI-powered, low-emissions sidewalk delivery robots that endeavor to make delivery sustainable and economical. Spun off from Uber in 2021 as an independent company, Serve has completed tens of thousands of deliveries for enterprise partners such as Uber Eats and 7-Eleven. Serve has scalable multi-year contracts, including a signed agreement to deploy up to 2,000 delivery robots on the Uber Eats platform across multiple U.S. markets.

For further information about Serve (Nasdaq: SERV), please visit www.serverobotics.com or follow us on social media via X (Twitter), Instagram, or LinkedIn @serverobotics.

UNITED STATES SECURITIES
AND EXCHANGE COMMISSION
Washington, D.C.

FORM D Notice of Exempt Offering of Securities

https://www.otcmarkets.com/filing/html?id=17734943&guid=OoO-kFooDQAWB3h

8-5-2024 Borrow Rate

126.875%

yowza
they have to cover at some point

Fido Borrow rate 8-1-2024

97.5%

😳

Let’s close above 0.20 today!

See you above $19!

I could say the same thing but I won’t

Check out my recent post history and see where I've been commenting, that's where the BIG money is going to be very very soon.

Looks like this one wants to run!!!

What is is

Am I right or not?

After 12 pm will be crazy roller coaster. Are you ready for wild goose chase?

Her actions in-the absence of her silence is why.

That dumb bitch losing..cheating never wins

Short got SERV’d

Short seller needed under $14 close..short-losing @$16’s..hahaha

Looks like it’s headed back up to 20+. Overnight priming is up!

Looking forward to laughing at $20+ this week

16 lol