Company: SERV
Filing Date: 2025-03-14
Form Type: 424B5
Source: 0001213900-25-024200
Chunk: 15

Company: Serve Robotics Inc. /DE/
Filing Date: 2025-03-14
Form: 424B5
Chunk 15
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 in any forward-looking statements.
Should one or more of these risks or uncertainties materialize, or should any of our assumptions prove incorrect, actual results may vary
in material respects from those projected in these forward-looking statements. Accordingly, forward-looking statements in this prospectus
and in any document incorporated herein by reference should not be relied upon as representing our views as of any subsequent date, and
we undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or
otherwise, except as may be required under applicable securities laws.

<div align='center'>S-7

Use of Proceeds</div>

We may issue and sell shares of our common stock having aggregate sales
proceeds of up to $150,000,000 from time to time. Because there is no minimum offering price for the shares that we may offer from time
to time, the actual total public offering amount, commissions and proceeds to us, if any, are not determinable at this time. There can
be no assurance that we will sell any shares under or fully utilize the Sales Agreement with the Agents as a source of financing.

Our management will have broad discretion over the uses of the net
proceeds in this offering. We intend to use the net proceeds that we receive from this offering for working capital and other general
corporate purposes.

We will retain broad discretion over the use of the net proceeds from
the sale of the securities by us. The net proceeds may be invested temporarily until they are used for their stated purpose or for general
corporate purposes.

<div align='center'>S-8

Dilution</div>

If you purchase shares of our common stock in this offering, your interest
will be diluted to the extent of the difference between the public offering price per share of our common stock and the unaudited net
tangible book value per share of our common stock after this offering. As of December 31, 2024, our unaudited net tangible book value
was $131.7 million, or $2.57 per share of our common stock. We calculate net tangible book value per share by dividing our net tangible
assets (total tangible assets less total liabilities) by the number of shares of our common stock issued and outstanding.

After giving effect to the sale by us of our common stock in the aggregate
amount of $150,000,000 in this offering at an assumed offering price of $8.40 per share, which was the