07:56 AM EDT, 08/18/2025 (MT Newswires) -- Serve Robotics ( SERV ) said Monday it has acquired delivery and navigation firm Vayu Robotics.

The deal involved an upfront initial consideration payable to Vayu stockholders of 1,696,069 Serve common shares. An additional future earnout of 560,000 shares may be payable to Vayu's stock and debtholders, subject to certain autonomy performance milestones, Serve said.

The deal consideration included warrants to purchase 4 million common shares at an exercise price of $10.36 each, issued to the Vayu SAFE holder, Khosla Ventures.

Serve shares were up 1.3% in recent premarket activity.