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Serve Robotics Announces Pricing of Private Placement & Warrant Exercise for aggregate gross proceeds of $20 Million

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SAN FRANCISCO, Aug. 27, 2024 /PRNewswire/ — Serve Robotics Inc. (“Serve” or “Company”) (Nasdaq: SERV), a leading autonomous sidewalk delivery company, announced today that the Company has entered into a securities purchase agreement expected to result in gross proceeds of approximately $20.0 million to the Company. The transaction is expected to close on or about August 28, 2024, subject to satisfaction of customary closing conditions.

The 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 555,555 shares of the Company’s common stock (the “Common Stock”), together with a warrant to purchase up to an aggregate of 555,555 shares of Common Stock at an exercise price of $10.00 per share (the “Common Warrants”). Each pre-funded warrant to purchase one share of Common Stock together with one Common Warrant to purchase one share of Common Stock is being sold at a purchase price of $9.00. The Common Warrants will be exercisable upon issuance and will expire five and a half years from the date of issuance.

In addition, the Company agreed with a single institutional investor to exercise certain outstanding warrants to purchase an aggregate of 2,500,000 shares of Common Stock (the “Existing Warrants”). The Existing Warrants are purchased at their exercise price of $6.00 per share. In consideration for the immediate exercise in full of the Existing Warrants for gross cash proceeds of approximately $15.0 million, the exercising holder received in a private placement new unregistered warrants (the “New Warrants”) to purchase up to an aggregate of 2,200,000 shares of common stock with an exercise price of $10.00 per share. The New Warrants will be exercisable upon issuance and will expire five and a half years from the date of issuance.

The total gross proceeds are expected to be approximately $20.0 million, excluding any proceeds that may be received upon the exercise of the Common Warrants and before deducting placement agent fees and other expenses payable by the company.

Aegis Capital Corp. is acting as the exclusive placement agent for the transaction. 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 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

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.

For further information about Serve Robotics (Nasdaq: SERV), please visit www.serverobotics.com or follow us on social media via X (Twitter), Instagram, or LinkedIn @serverobotics.

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

Media

Aduke Thelwell
Head of Communications and Investor Relations
Serve Robotics
press@serverobotics.com

Investors
investor.relations@serverobotics.com

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SOURCE Serve Robotics Inc.

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How to Compress a Video with Free FliFlik UltConv Video Compressor

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NEW YORK and HONG KONG, April 28, 2026 /PRNewswire/ — FliFlik, a rising innovator in high-efficiency multimedia solutions, officially announces the latest feature update to its flagship software, FliFlik UltConv Video Compressor. It provides users with a professional yet effortless way on how to compress a video for free, ensuring that large media files are ready for storage saving and fast sharing.

FliFlik UltConv is a free video compressor software designed to balance minimal size and best quality. Unlike basic online compression tools that are often unstable, slow, and compress files in a fixed percentage, FliFlik UltConv provides a stable, desktop-based environment for compressing large media files. It allows you to batch-compress your multimedia files to any flexible size at 10x ultra-fast speed, ensuring maximum process efficiency.

High-Performance Features of FliFlik UltConv

FliFlik UltConv is engineered to solve the most common frustrations in media file compression. Below are the core features that define its industry-leading capabilities:

Free and Unlimited Compression: UltConv offers completely free and unlimited compression; you can process as many files as you need without hidden costs or restrictive file size limits.

Universal Support for 100+ Formats: Whether you are shrinking media files with MP4, MOV, MKV, MP3, or M4A, our software supports over 100 media formats, ensuring total compatibility with your entire library.

10x Faster Batch Processing: Equipped with state-of-the-art GPU acceleration, UltConv supports simultaneous batch processing. You can queue up entire folders of footage and compress them all at 10x the speed of standard tools, ensuring your workflow remains productive without long wait times.

Customizable Compression with Intuitive Slider: FliFlik UltConv features a smart slider that lets you freely adjust and select the exact file size and dimensions you need while maintaining optimal clarity. This ensures you achieve the smallest possible file size while preserving high-definition visual fidelity

Real-Time Quality Preview: To ensure the compression effect, you can preview the compressed quality before compression. This gives you full control over the final result, ensuring it meets your exact standards.

Pricing and Availability

Currently, the UltConv Video Compressor feature is completely free to use. For users seeking full access to premium multimedia functions—including unrestricted video and music extraction from 10,000+ sites and seamless conversion across 100+ formats—FliFlik offers flexible pricing:

1-Month plan: $19.95
1-Year plan: $69.95
Lifetime plan: $89.95
Now get 20% off for 1-Year & Lifetime plans!

Compatibility:

Windows: Windows 11/10 (64-bit)

macOS: macOS 10.15 and above

About FliFlik:

FliFlik is a brand dedicated to streamlining the digital media workflow. While many users look to us for how to make a video file smaller, FliFlik UltConv is actually an all-in-one media workstation. It empowers you to grab, convert, and compress content from over 10,000 websites, covering all your digital needs in one high-speed platform.

To learn more about FliFlik and its solutions, please visit the official website: https://fliflik.com/

This release was issued through Send2Press® on behalf of the news source. For more information, visit Send2Press Newswire at https://www.send2press.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/how-to-compress-a-video-with-free-fliflik-ultconv-video-compressor-302756172.html

SOURCE FliFlik

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HitPaw Announces Mother’s Day Sale with Up to 50% Off AI Creative Tools

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NEW YORK, April 28, 2026 /PRNewswire/ — This Mother’s Day, from April 24 to May 13, 2026, HitPaw, the global leader in AI-powered creative tools for video, photo, and audio generation, enhancement and editing, celebrates moms with heartfelt creativity and exclusive savings of up to 50% off. Whether creating family videos or restoring old photos, HitPaw helps turn moments with Mom into unforgettable memories.

Why Choose HitPaw This Mother’s Day?

HitPaw makes creative editing simple and accessible with AI-powered, one-click tools for video, photo, and audio creation and enhancement. From restoring old family memories to generating new creative content, users can easily produce high-quality results without complex skills.

HitPaw VikPea(AI Video Enhancer and Generator): Restore and enhance family videos to make every moment with Mom clearer, warmer, and more cinematic, or create funny AI videos to share a smile.HitPaw FotorPea(AI Photo Enhancer and Generator): Bring old family photos back to life with enhanced detail, color, and clarity, or create AI Mother’s Day cards in seconds.HitPaw Univd(Video Converter and Compressor): Edit and share Mother’s Day videos across platforms without losing quality.HitPaw VoicePea(Real-Time AI Voice Changer): Add funny or emotional voice effects to personalized greetings and videos.HitPaw Watermark Remover(Watermark and Objects Remover): Clean up images and keep your precious memories distraction-free.

For more information checking, you may visit: HitPaw Mother’s Day Sale: Up to 50% OFF

HitPaw Mothers Day Exclusive Offers — Limited Time

From April 28 to May 13, 2026, users can enjoy special savings across HitPaw’s most popular AI products and bundles:

1. Best-Selling Items — Up to 35% OFF

HitPaw’s most popular AI tools are available with special Mother’s Day savings.

VikPea and FotorPea, two of HitPaw’s best-loved flagship products, are now available at 35% off.Univd, VoicePea, and HitPaw Watermark Remover are available at 20% off, offering practical solutions for broader creative needs.

2. Bundle Deals — Up to 50% OFF

For users seeking better value, HitPaw also offers bundle packages with bigger savings.

2-in-1 Bundles offer 40% off, featuring two package options: VikPea + FotorPea and VikPea + Univd.5-in-1 Bundle offers 50% off, featuring VikPea, FotorPea, Univd, VoicePea, and Watermark Remover, providing HitPaw’s all-in-one creative toolkit across video, photo, audio, and editing tools.

3. AI Credits for Online Tools — 20% OFF

HitPaw AI credits for online tools are available at 20% off. Users can unlock browser-based tools for video enhancement, image generation, photo restoration, and more with flexible weekly, monthly, and yearly credit plans. 

ABOUT HITPAW

HitPaw is a leading AI-powered multimedia platform offering video, image, and audio generation, enhancement, and editing tools. It helps millions of creators worldwide easily produce high-quality content, from transforming media to creating new visual and audio works. Learn more at: [OFFICIAL] HitPaw – AI Video, Photo & Audio Enhancer Solutions

Follow Us

YouTube: https://www.youtube.com/@hitpaw
X (Twitter): https://x.com/HitPawofficial
Instagram: https://www.instagram.com/hitpawofficial/
Pinterest: https://www.pinterest.com/HitPawofficialwebsite

This release was issued through Send2Press® on behalf of the news source. For more information, visit Send2Press Newswire at https://www.send2press.com/.

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SOURCE HitPaw. Co., Ltd

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Lena Johnson Named President of National Brokerage for Douglas Elliman Realty

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Luxury brand executive and real estate industry veteran to lead national brokerage operations and accelerate Douglas Elliman’s leadership in the high-end market

NEW YORK, April 28, 2026 /PRNewswire/ — Douglas Elliman Realty, the preeminent luxury residential real estate brokerage in the United States, today announced the appointment of Lena Johnson as President of National Brokerage. Based at the firm’s New York City headquarters at 575 Madison Avenue in Manhattan, Johnson will lead brokerage operations nationally with a strategic mandate to further strengthen the firm’s position in the global luxury real estate market, elevate agent performance, and deliver a distinctly differentiated experience for both agents and clients. She will report directly to Douglas Elliman Inc. President & CEO Michael S. Liebowitz.

“Lena understands the luxury consumer at the highest level and has repeatedly built businesses that attract elite talent and deliver elevated client experiences,” said Michael S. Liebowitz. “Douglas Elliman has always stood apart through service, relationships, and excellence. Lena’s leadership strengthens that identity and positions us to lead the next era of luxury brokerage.”

Johnson joins Douglas Elliman with a career defined by leadership at brands synonymous with luxury, design, and high-touch client service. Her experience spans premier names in real estate, media, and lifestyle, where she has built platforms that resonate with sophisticated consumers and top-performing talent making her uniquely aligned with Douglas Elliman’s brand and vision.

“From my earliest conversations with Michael, it was clear we share the same vision for where the luxury market is headed and what agents need to succeed in it,” said Johnson. “Douglas Elliman has an extraordinary brand, unmatched heritage, and a powerful opportunity to further define the future of luxury real estate. By investing in our agents and delivering a more elevated, personalized experience, we can continue to be the brokerage of choice for the world’s most discerning clients.”

Johnson most recently served as Chief Marketing Officer at ONE Sotheby’s International Realty, where she led strategic marketing and brand strategy. Prior to that, she was VP of Marketing and Head of Luxury Division at Compass, where she built and led a 150-person in-house marketing and creative services agency. Earlier in her career, Johnson held senior leadership roles at Vogue, overseeing sales and marketing across the Americas, France, and the UK.

Johnson has emphasized accessibility and deep engagement with the firm’s agent community as a cornerstone of her leadership approach. Agents across all markets can expect close partnership, active collaboration, and meaningful investment in tools, support, and growth opportunities.

A key component of Johnson’s strategy will be leveraging Douglas Elliman’s scale and independence to create a differentiated value proposition in a competitive landscape. She sees the firm as uniquely positioned — not as a big-box brokerage, but as a brand with both heritage and agility that can deliver a more tailored and elevated experience than larger, more institutional competitors.

In her role, Johnson will also focus on expanding Douglas Elliman’s presence in key luxury growth markets globally, while continuing to strengthen its leadership in its established markets nationwide. Her mandate includes enhancing agent productivity, modernizing brokerage infrastructure, and attracting top-tier talent aligned with the firm’s long-term vision. She will work alongside the broader executive leadership team as the company executes on its strategy to accelerate growth and reinforce its position as the preeminent luxury residential real estate brokerage in the United States.

Johnson’s appointment underscores Douglas Elliman’s continued commitment to innovation, growth, and leadership in the global luxury real estate sector.

About Douglas Elliman Inc.
Douglas Elliman Inc. (NYSE: DOUG) owns Douglas Elliman Realty, LLC, which is one of the largest residential brokerage companies in the United States with operations in New York City, Long Island, Westchester, Connecticut, New Jersey, the Hamptons, Massachusetts, Florida, California, Texas, Colorado, Nevada, Maryland, Virginia, and Washington, D.C. In addition, Douglas Elliman Inc. provides other real estate services, including development marketing, mortgage as well as settlement and escrow services in select markets, and uses as well as invests in early-stage, disruptive property technology solutions and companies. Additional information concerning Douglas Elliman Inc. is available on its website, investors.elliman.com.

Investors and others should note that we may post information about Douglas Elliman Inc. on our website at investors.elliman.com or, if applicable, on our accounts on Facebook, Instagram, LinkedIn, TikTok, Twitter, YouTube or other social media platforms. It is possible that the postings or releases could include information deemed to be material information. Therefore, we encourage investors, the media and others interested in Douglas Elliman Inc. to review the information we post on our website at investors.elliman.com and on our social media accounts.

Forward-Looking and Cautionary Statements
This press release includes forward-looking statements within the meaning of the federal securities law. All statements other than statements of historical or current facts made in this press release are forward-looking. These statements include, but are not limited to, statements regarding the future growth, plans, strategies and results of Douglas Elliman Inc. We identify forward-looking statements in this press release by using words or phrases such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may be,” “continue” “could,” “potential,” “objective,” “plan,” “seek,” “predict,” “project” and “will be” and similar words or phrases or their negatives. Forward-looking statements reflect our current expectations and are inherently uncertain. Actual results could differ materially for a variety of reasons. Risks and uncertainties that could cause our actual results to differ significantly from our current expectations are described in our Annual Report on Form 10-K for the year ended December 31, 2025 and our Quarterly Reports on Form 10-Q filed thereafter. We undertake no responsibility to publicly update or revise any forward-looking statement, except as required by applicable law.

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SOURCE Douglas Elliman

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