Serve Robotics Signs Agreement and Plan of Merger With Diligent Robotics
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Serve Robotics has signed an Agreement and Plan of Merger to acquire Diligent Robotics in an all-stock deal valued at $29 million, subject to adjustments. The deal includes a potential $5.3 million earnout based on milestones. The share issuance will be based on a 10-day VWAP of $14.3794 per share. Upon completion, Diligent will become a wholly owned subsidiary of Serve Robotics, aimed at expanding healthcare robotics capabilities. The agreement was signed on January 19, 2026.
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