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Serve Robotics Announces Pricing of $15.0 Million Private Placement

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SAN FRANCISCO, July 23, 2024 /PRNewswire/ — Serve Robotics Inc. (“Serve”) (Nasdaq: SERV), a leading autonomous delivery robotics company, today announced that it has entered into a securities purchase agreement with a single institutional investor for the purchase and sale, in a private placement, of pre-funded warrants to purchase 2,500,000 shares of Serve’s common stock (the “Common Stock”), together with a warrants to purchase up to an aggregate of 2,500,000 shares of Common Stock at an exercise price of $6.00 per share. Each pre-funded warrant to purchase one share of Common Stock together with one $6.00  warrant to purchase one share of Common Stock is being sold at a purchase price of $6.00. The $6.00 warrants will have, will be exercisable upon issuance, and will expire five and a half years from the date of issuance.

Aegis Capital Corp. is acting as the exclusive placement agent for the offering. Orrick, Herrington & Sutcliffe LLP served as counsel to the Company and Sichenzia Ross Ference Carmel LLP served as counsel to Aegis Capital Corp. for the private placement.

The offering is expected to close on or about July 24, 2024, subject to satisfaction of customary closing conditions. The gross proceeds to Serve Robotics from this offering are expected to be approximately $15.0 million, before deducting placement agent fees and other offering expenses.

The securities described above are being sold in a private placement exempt from the registration requirements of the Securities Act of 1933, as amended (the “Act”), and have not been registered under the Act, or applicable state securities laws. Accordingly, the securities may not be offered or sold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Act and such applicable state securities laws. Pursuant to a registration rights agreement with the investor, the Company has agreed to file one or more registration statements with the Securities and Exchange Commission (the “SEC”) covering the resale of the shares of Common Stock sold in the private placement and the shares of Common Stock issuable upon exercise of the pre-funded warrants and the warrants sold in the private placement.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Serve Robotics

Backed by Uber and NVIDIA, Serve Robotics develops advanced, AI-powered, low-emissions sidewalk delivery robots that endeavor to make delivery sustainable and economical. Spun off from Uber in 2021 as an independent company, Serve has completed tens of thousands of deliveries for enterprise partners such as Uber Eats and 7-Eleven. Serve has scalable multi-year contracts, including a signed agreement to deploy up to 2,000 delivery robots on the Uber Eats platform across multiple U.S. markets.

Safe Harbor Forward-Looking Statements

This press release of Serve Robotics, Inc. contains “forward-looking statements”. Words such as “may”, “will”, “could”, “should”, “expects”, “anticipates”, “intends”, “plans”, “believes”, “seeks”, “estimates” and other comparable terminology are intended to identify forward-looking statements. For example, the Company is using forward-looking statements when it discusses its vision, its strategy, and its products. Forward-looking statements are not historical facts, and are based upon management’s current expectations, beliefs and projections, many of which, by their nature are inherently uncertain. Such expectations, beliefs and projections are expressed in good faith. However, there could be no assurance that management’s expectations, beliefs and projections will be achieved, and actual results may differ materially from what is expressed or indicated by the forward-looking statements. Forward-looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the forward-looking statements. Forward-looking statements speak only as of the date the statements are made. The Company assumes no obligation to update forward-looking statements to reflect actual results, subsequent events or circumstances, changes in assumptions or changes in other factors affecting forward-looking statements except to the extent required by applicable securities laws. If the Company does update one or more forward-looking statement, no inference should be drawn that the Company will make additional updates with respect thereto or with respect to other forward-looking statements.

Contacts

Aduke Thelwell
Head of Communications
Serve Robotics
aduke.thelwell@serverobotics.com
347.464.8510

CORE IR
investor.relations@serverobotics.com

View original content:https://www.prnewswire.com/news-releases/serve-robotics-announces-pricing-of-15-0-million-private-placement-302204027.html

SOURCE Serve Robotics Inc.

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The partial demerger of UPM-Kymmene Corporation has been registered; WISA Group Plc to be listed on Nasdaq Helsinki

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HELSINKI, Nov. 1, 2026 /PRNewswire/ — UPM-Kymmene Corporation Stock Exchange Release (Other information disclosed according to the rules of the exchange) October 31, 2026 at 9:00 EET

The partial demerger of UPM-Kymmene Corporation has been registered; WISA Group Plc to be listed on Nasdaq Helsinki

The completion of the partial demerger (“Demerger”) of UPM-Kymmene Corporation (“UPM”) has today October 31, 2026, been registered with the Finnish Trade Register. On April 29, 2026, UPM announced the approval of the demerger plan for the Demerger (the “Demerger Plan”). According to the Demerger Plan, all assets and liabilities of UPM relating to the UPM Plywood business area, or mainly serving the UPM Plywood business area, are transferred to WISA Group Plc (“WISA Group”), which will be established in the Demerger. 

In connection with the completion of the Demerger, Nasdaq Helsinki Ltd (“Nasdaq Helsinki”) has approved the listing application for the admission to trading of WISA Group’s shares on the regulated market of Nasdaq Helsinki. Trading in WISA Group’s shares will commence on November 2, 2026, under the trading code “WISA” (ISIN code: FI4000603345). Trading in UPM’s shares will continue on the regulated market of Nasdaq Helsinki. In connection with the completion of the Demerger, the new ISIN code for UPM’s shares will be FI4000603337 and the share trading code will continue to be “UPM”.

The new shares in WISA Group to be issued as demerger consideration will be registered in the book-entry accounts of UPM’s shareholders on or about November 2, 2026. Shareholders of UPM who receive demerger consideration shares can trade in WISA Group’s shares starting from November 2, 2026. The Demerger will have no impact on the number of shares in UPM.

In connection with the completion of the Demerger, the shareholders of UPM will receive as demerger consideration one new share in WISA Group for each share they own in UPM. No demerger consideration will be issued to the treasury shares in UPM’s possession.

UPM, Media relations
Mon-Fri 9:00–16:00 EET
tel. +358 40 588 3284
media@upm.com

UPM
UPM is a material solutions company, renewing products and entire value chains with an extensive portfolio of renewable fibres, advanced materials, decarbonization solutions, and communication papers. Our performance in sustainability has been recognized by third parties, including EcoVadis and the Dow Jones Sustainability Indices. We operate globally and employ approximately 15,100 people worldwide, with annual sales of approximately €9.7 billion. Our shares are listed on Nasdaq Helsinki Ltd.
UPM – we renew the everyday
Read more: upm.com 

Follow us on LinkedIn | YouTube | Instagram | #UPM #materialsolutions #WeRenewTheEveryday 

Important information
The distribution of this announcement may, in certain jurisdictions, be restricted by law. The information contained herein does not constitute an offer to sell or the solicitation of an offer to buy any shares in UPM or WISA in any jurisdiction. Any securities referred to in this announcement have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered, sold or delivered, directly or indirectly, in or into the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. There will be no public offering of securities in the United States. No securities referred to herein have been approved or disapproved by the U.S. Securities and Exchange Commission, any state securities commission or any other regulatory authority in the United States, nor have any of the foregoing authorities passed comment upon, or endorsed the merit of, the partial demerger of UPM or the accuracy or the adequacy of this announcement or the Finnish language demerger and listing prospectus (or the English language translation thereof) dated July 16, 2026 published by UPM, as supplemented on August 17, 2026, September 18, 2026, and October 28, 2026. Any representation to the contrary is a criminal offence in the United States.

Forward-looking statements

This announcement includes “forward-looking statements” that are based on present plans, estimates, projections and expectations and are not guarantees of future performance. Words such as “intend”, “assess”, “expect”, “may”, “plan”, “believe”, “estimate” and other expressions entailing indications or predictions of future developments or trends, not based on historical facts, constitute forward-looking information. They are based on certain expectations and assumptions, which, even though they seem to be reasonable at present, may turn out to be incorrect. Shareholders should not rely on these forward-looking statements. Numerous factors may cause the actual results of operations or financial condition of UPM or WISA Group to differ materially from those expressed or implied in the forward-looking statements. Neither UPM, WISA Group, nor any of their affiliates, advisors or representatives or any other person undertakes any obligation to review, confirm or to release publicly any updates or revisions to any forward-looking statements to reflect events that occur or circumstances that arise after the date of this release other than as required by applicable laws and regulations.

This information was brought to you by Cision http://news.cision.com

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TESSAN Premieres ‘Jump Into The Unknown’ Documentary, Chronicling Jamie Leibert’s 30-Day Expedition in the Swiss Alps

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The film follows professional adventure athlete Jamie Leibert and his wife Sandra as they navigate changing conditions and unexpected challenges to rethink what makes an adventure truly worthwhile.

NEW YORK, Nov. 1, 2026 /PRNewswire/ — Before leaping from a cliff, Jamie Leibert pauses for a few seconds.

He checks his gear. He secures the pilot chute. He zips up his wingsuit and regulates his breathing. No one else can make the final call. After a brief silence, he looks toward the horizon.

“Three, two, one.”

He takes a step forward.

Today, TESSAN officially premieres its new documentary, Jump Into The Unknown. The film follows professional adventure athlete and filmmaker Jamie Leibert and his wife, director of photography and editor Sandra Zinovyev, as they venture into the Swiss Alps for a 30-day expedition.

Known as Captain Manicorn, Jamie Leibert is a professional adventure athlete and filmmaker. His signature “climb and fly” discipline combines big-wall climbing with wingsuit and mini-wing flights. His expeditions have taken him to more than 80 countries. He is also the founder of the Battling Monsters movement, which uses adventure, film, and nonprofit work to explore the connections between fear, resilience, and mental health. Discover more about Jamie and his projects at jamieleibert.com and justcaremore.org.

For Jamie, flying is more than a few seconds in the air. Much of the experience happens beforehand: assessing the weather, planning routes, checking gear, and training until both mind and body are ready for the moment at the edge.

That perspective became the starting point for Jump Into The Unknown.

For this project, TESSAN and Jamie co-created a documentary that looks beyond the final jump. The camera stays with the process that shapes how a journey actually unfolds.

When Plans Change

This time, Jamie, Sandra, and their three-legged rescue dog Journey set out to spend 30 days exploring the Swiss Alps. They entered the mountains without a scripted ending, carrying one question with them.

What kind of experience makes an adventure truly worthwhile?

They soon found that the answer would not follow their itinerary. Weather windows closed quickly, routes had to change, and gear and transportation brought new variables.

A seemingly clear schedule was rewritten by reality again and again. What began as a search for an ideal destination gradually became an exploration of everything that happens along the way.

The meaning of adventure shifted from simply reaching a goal to experiencing the process. When routes changed, they reassessed. When weather prevented a flight, they waited. When things went wrong, they adapted.

In the film, Jamie asks, “What is the perfect journey?” His answer is simple: “It’s not the destination. It’s the journey.”

The journey, as Jamie sees it, needs room to unfold. It needs different layers and chapters. The moments outside the original plan ultimately became an essential part of their 30 days in the Alps.

Courage Happens Before the Jump

The film spends considerable time on the preparation behind each flight. Jamie treks through deep snow, scouts routes between massive rock faces, and works with Sandra to respond to changing conditions.

Even with years of flying experience, fear remains real when Jamie stands at the edge.

The documentary does not present fear as something that can simply be overcome. Instead, it shows how Jamie works with it.

Before a jump, he checks his physical and mental state and returns to a place of focus. The goal is not to make fear disappear, but to make a clear decision while it is still there.

As he states in the film: “Courage is taking the first step into the unknown.”

The unknown can be an unclimbed mountain, an unfamiliar route, or an unpredictable flight. But it can also appear in everyday life: a new decision, a new relationship, or a fresh start.

Sometimes, it is simply the choice to move forward when there is no clear answer.

A Cross-Disciplinary Brand Connection

Jump Into The Unknown is the first documentary co-created by TESSAN and Jamie Leibert, and a cornerstone of TESSAN’s Courage Charge brand campaign.

On the surface, TESSAN and extreme sports may seem to belong to different worlds. But during the 30-day expedition, they found a shared perspective.

A journey leaves us with more than a final destination. It also shapes how we respond to change along the way.

For TESSAN, charging means helping people stay powered as they move, travel, and explore. Jamie’s journey reflects a different kind of “charge”: the ability to pause, adapt, and keep moving when conditions change and plans no longer hold.

This is the idea TESSAN hopes to share through Jump Into The Unknown. Journeys rarely unfold exactly as planned, and the moments worth remembering are often the ones no one could have scripted.

To watch the full documentary and discover more about TESSAN, visit here.

“We didn’t want to create a commercial story around Jamie. We wanted to give the camera room to capture what actually happened,” said Alex, CEO of TESSAN. “Courage is not about being free of fear. It is about making the next choice even when fear is still there. At TESSAN, we power devices, and we hope to support people as they step into the unknown and discover what comes next.”

Beyond the Unknown Lies the Next Journey

From valleys to snow peaks, from climbing to flying, the 30-day expedition eventually comes to an end. But for Jamie and Sandra, it is only one chapter of a much longer journey.

The road ahead will bring new destinations, new environments, and new uncertainties. Having co-created this film together, TESSAN looks forward to continuing the journey with Jamie and Sandra, and to seeing where their next chapter takes them.

The choices they make beyond extreme sports are part of that story, too. What do we do when plans change, when answers are unclear, and when the next step is ours to decide?

Perhaps this is the question Jump Into The Unknown ultimately leaves with its audience.

The unknown will always be there. We can only decide whether the next step is worth taking.

For journalists and media partners wishing to discuss personal experiences, the Battling Monsters movement, mental health advocacy, or behind-the-scenes details with Jamie Leibert and the creative team, please contact: jamie@justcaremore.org.

For more information and high-res images, please visit the TESSAN Press Kit.

About TESSAN
TESSAN is a premier global brand specializing in elite charging solutions designed exclusively for home and travel. Guided by the mission of “Connecting People to Their Journeys,” TESSAN creates thoughtfully designed products—from universal travel adapters to smart home devices—that make travel lighter, safer, and more meaningful. TESSAN firmly lives by the mantra: “The Journey Begins at Home.” Driven by an unwavering commitment to efficiency and absolute safety, TESSAN empowers users to explore the world with peace of mind. Most recently, the TESSAN Voyager 205 was proudly selected as a winner in the prestigious Tom’s Guide Computing and Gaming Awards 2026.

Media Contact:
Derien Lin
PR Manager, TESSAN
Email: derien@tessan.com

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SOURCE TESSAN

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Aiper Previews Black Friday Savings of Up to $550: Find Your Perfect Pool-Care Match This Holiday Season

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Celebrate the holiday gifting season with smarter, simpler pool care. Aiper helps shoppers find the right solution for loved ones or their own pools, with Black Friday savings of up to $550 beginning November 17 and early surprises starting November 1.

ATLANTA, Nov. 1, 2026 /PRNewswire/ — Aiper, the world’s No.1 smart robotic pool cleaner brand [1] and leader in smart yard innovation, today previewed its Black Friday sale, offering savings of up to $550 on select products at Aiper.com from November 17 through November 30. Featured deals include Scuba V3 for $849.99, Experts Duo for $1,179.99 and Scuba S1 for $499.99, bringing smarter, simpler pool care within reach across different needs and budgets.

The holiday shopping season brings different priorities for different pool owners. Some are looking to simplify ongoing maintenance, while others are planning their next pool-care upgrade or choosing a practical gift for a loved one with a pool. Whether the priority is more intelligent underwater cleaning, tackling debris above and below the surface, or finding dependable everyday performance at an accessible price, Aiper’s featured lineup gives shoppers a clear place to start.

Aiper Scuba V3: AI-Powered Robotic Pool Cleaner for Smarter, More Efficient Cleaning

For homeowners looking to spend less time planning and managing pool cleaning, Scuba V3 brings AI-powered intelligence to the routine.

Its Cognitive AI Navium™ Mode creates cleaning plans based on pool size, weather and cleaning history, helping reduce the guesswork of regular maintenance. AI Patrol Cleaning detects and targets debris, enabling up to 10X faster cleaning, while VisionPath™ adaptive path planning guides the cleaner through the pool. Scuba V3 cleans the floor, walls and waterline, with waterline retrieval and real-time app alerts, making it easier to collect after a cleaning session.

Black Friday offer: $849.99, down from $1,099.99 — save $250.

Aiper Experts Duo: Complete Robotic Pool Cleaning Solution for Surface and Underwater Cleaning

For homeowners dealing with both floating leaves and debris below the surface, Experts Duo combines Scuba V3 and the EcoSurfer S2 robotic pool skimmer in one complementary solution.

While Scuba V3 handles the floor, walls and waterline, EcoSurfer S2 collects floating debris across the surface. Its solar-powered operation and SolarSeeker™ technology support ongoing surface cleaning, helping remove leaves and other debris before they settle below. Together, the two robots deliver 360° cleaning coverage from top to bottom, combining surface skimming with floor, wall and waterline cleaning for more carefree pool maintenance.

Black Friday offer: $1,179.99, down from $1,499.98 — save $319.99.

Aiper Scuba S1: Reliable Robotic Pool Cleaning for Everyday Pool Care

For homeowners taking their first step into robotic pool care or upgrading their existing routine with budget in mind, Scuba S1 combines practical cleaning capabilities with a Black Friday price under $500.

Designed to clean pool floors, walls and waterlines, Scuba S1 uses WavePath™ 2.0 navigation to guide its cleaning routes. MicroMesh™ ultra-fine filtration helps capture fine debris, making it a straightforward choice for homeowners who want help with regular pool maintenance and more time back in their day.

Black Friday offer: $499.99, down from $699.99 — save $200.

Unwrap Pre-Black Friday Surprises

Aiper is kicking off the holiday shopping season with Pre-Black Friday surprises starting November 1, including presale perks and member-exclusive deals rolling out ahead of the main event. The celebration continues November 17–30 with Black Friday savings of up to $550 on select products at Aiper.com.

Whether choosing a thoughtful holiday gift or upgrading their own pool-care routine, shoppers can take advantage of Black Friday savings to plan ahead. For homeowners keeping their pools open, that means help with ongoing maintenance; for others, it means having the right equipment ready for the next swimming season. Either way, it is a step toward less maintenance and more time to enjoy.

Discover the holiday offers and find your next pool-care upgrade at Aiper.com.

About Aiper

Aiper is the No.1 smart robotic pool cleaner brand and a leader in reliable, intelligent solutions for the smart yard ecosystem. From crystal-clear pools to balanced water and smarter irrigation, Aiper’s ecosystem simplifies care across your entire yard. Trusted by more than 4 million users worldwide, Aiper is available in over 10,000 stores across 50+ countries and regions. Renowned for excellence, Aiper products have earned prestigious honors including the Red Dot Design Award, the iF Design Award, and editorial awards from USA Today and TWICE, and have been recognized as a CES Innovation Awards Honoree from 2023 through 2026. Driven by smart automation, adaptive AI, and sustainable design, Aiper delivers a truly carefree experience, giving you more time to enjoy life’s best moments.

[1] Euromonitor International Co., Ltd., in terms of 2025 manufacturer sales volume (units) in the world. Smart robotic pool cleaner is defined as: intelligent service robots integrating mechanical, electronic, software algorithm and sensor technologies. They autonomously or with minimal human intervention perform pool cleaning and maintenance tasks, typically featuring smart navigation, path planning, and multiple cleaning modes. Research completed in 2026/3.

 

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