---
title: "Serve Robotics Ends $150 Million ATM Sales Agreement With Cantor Fitzgerald, Wedbush and Others"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285941869.md"
description: "Serve Robotics has terminated its $150 million Controlled Equity Offering Sales Agreement with Cantor Fitzgerald, Wedbush Securities, and others, effective May 7, 2026. The program allowed for the sale of common stock, with 7,716,935 shares sold for approximately $91.2 million before termination. The termination was mutual, with no penalties, as the company shifts its financing strategy and concludes the prior ATM program."
datetime: "2026-05-11T12:23:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285941869.md)
  - [en](https://longbridge.com/en/news/285941869.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285941869.md)
---

# Serve Robotics Ends $150 Million ATM Sales Agreement With Cantor Fitzgerald, Wedbush and Others

Serve Robotics terminated its Controlled Equity Offering Sales Agreement, originally dated March 6, 2025, with Cantor Fitzgerald, Wedbush Securities, Northland Securities, Ladenburg Thalmann & Co., and Seaport Global Securities, effective May 7, 2026. The at-the-market program allowed sales of up to $150 million in common stock; the company sold 7,716,935 shares for approximately $91.2 million before termination. The termination was mutual and carries no penalties, and the company will make no further sales under the prior prospectus. Management is concluding the prior ATM program as it evaluates financing options.

**Agreement details:**

-   **Agreement terminated**: Controlled Equity Offering Sales Agreement (ATM program)
-   **Counterparty**: Cantor Fitzgerald; Wedbush Securities; Northland Securities; Ladenburg Thalmann & Co.; Seaport Global Securities
-   **Original agreement date**: Mar 06 2025
-   **Termination date**: May 07 2026
-   **Termination type**: mutual
-   **Exit fees / payments**: None
-   **Reason**: Conclude prior ATM program; shift financing approach

Original SEC Filing: Serve Robotics Inc. /DE/ \[ SERV \] - 8-K - May. 11, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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