Company: SERV
Filing Date: 2025-03-14
Form Type: 424B5
Source: 0001213900-25-024200
Chunk: 9

Company: Serve Robotics Inc. /DE/
Filing Date: 2025-03-14
Form: 424B5
Chunk 9
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| ● | our ability to recognize the anticipated benefits of the Merger, which may be affected by, among other things, competition and our ability to grow and manage growth profitably; |

| ● | our ability to enter into binding contracts with original equipment manufacturers or tier-one suppliers in order to execute on our business plan; |

| ● | our expansion plans and opportunities; |

| ● | our expectations regarding future expenditures; |

| ● | announcements of technological innovations by us or our competitors; |

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| ● | overall conditions in our industry and the markets in which we operate; |

| ● | addition or loss of significant customers, or other developments with respect to significant customers; |

| ● | changes in laws or regulations applicable to our services; |

| ● | actual or anticipated changes in our growth rate relative to our competitors; |

| ● | announcements by us or our competitors of significant acquisitions, strategic partnerships, joint ventures or capital commitments; |

| ● | additions or departures of key personnel; |

| ● | competition from existing products or new products that may emerge; |

| ● | issuance of new or updated research or reports by securities analysts; |

| ● | fluctuations in the valuation of companies perceived by investors to be comparable to us; |

| ● | disputes or other developments related to proprietary rights, including patents, litigation matters, and our ability to obtain intellectual property protection for our technologies; |

| ● | announcement or expectation of additional financing efforts; |

| ● | sales of our common stock by us or our stockholders; |

| ● | share price and volume fluctuations attributable to inconsistent trading volume levels of our shares; |

| ● | dilution resulting from this offering and future sales of equity; |

| ● | our ability to obtain sufficient funding or access capital; and |

| ● | general domestic and international economic and market conditions. |

Furthermore, the stock markets have experienced price and volume fluctuations
that have affected and continue to affect the market prices of equity securities of many companies. These fluctuations often have been
unrelated or disproportionate to the operating performance of those companies. These broad market and industry fluctuations, as well as
general economic, political and market conditions such as recessions, interest rate changes or international currency fluctuations, may
negatively impact the market price of our common stock. If the market price of our common stock after this offering does not exceed the
public offering price, you may not realize any return on your investment in us and may lose