Serve Robotics (SERV) investor relations material

Company overview and business model

• Develops sustainable, autonomous robotic solutions for public and commercial spaces, focusing on AI-enabled mobility platforms for food delivery and expanding into adjacent markets and indoor environments through recent acquisitions.

• Operates a fleet of over 2,000 sidewalk delivery robots, integrated with major food delivery platforms, and leverages proprietary technology and operational expertise.

• Acquired Diligent Robotics, extending its platform into healthcare and indoor commercial sectors, aiming for scalable, recurring revenue growth.

• Leadership team includes veterans from leading technology and delivery companies, supporting expansion into on-demand delivery and automation markets.

Financial performance and metrics

• As of March 31, 2026, had 76,057,229 shares of common stock outstanding and no preferred stock issued.

• Unaudited as adjusted net tangible book value as of March 31, 2026, was $3.33 per share; after the offering, it would be $4.31 per share, with immediate dilution to new investors of $4.83 per share at an assumed offering price of $9.14.

• Expects continued operating losses and significant capital expenditures as it expands operations and integrates acquisitions.

Use of proceeds and capital allocation

• Net proceeds from securities sales will be used for general corporate purposes, including working capital, R&D, capital expenditures, facilities expansion, and potential acquisitions.

• Management retains broad discretion over allocation of proceeds; no specific uses currently planned.

• Proceeds may be temporarily invested in investment-grade, interest-bearing securities.