For those who don't know

Serve Robotics is issuing 4.21 million new shares, with the offering expected to close around January 7, 2025, raising about $80 million. This increases the total number of shares in the market, potentially leading to a share price drop due to dilution. For example, the current share price of $18.61 could decrease to around $17.18, reflecting the impact of the additional shares.

However, the funds raised may help the company grow, which could boost its value in the future.
So anyone looking at what will happen with their shares? Well I was fortunate to sell my shares at a profit before this news.

I will be waiting for my next entry in the next couple of days once the news has hit investors and the price rallies and gets to its low point.

Around a low $17 is where it's heading with a support around $15.9 will be my price target for a buy.

How is everyone else's analysis?