A pre-revenue company I’m taking a shot at -
Serve Robotics Inc. designs, develops, and operates low-emission robots that serve people in public spaces with food delivery in the United States. It builds self-driving delivery robots. The company was formerly known as Patricia Acquisition Corp. and changed its name to Serve Robotics Inc. in July 2023. Serve Robotics Inc. was founded in 2017 and is based in Redwood City, California.
Chart -
The stock is sitting at the confluence of two important AVWAP’s; first from the April IPO, and second from the July news that NVDA 0.00%↑ acquired a 10% stake in the company.
Risk managing against recent lows provides a nice setup.