Company: SERV
Filing Date: 2025-01-07
Form Type: 424B5
Source: 0001213900-25-001654
Chunk: 18

Company: Serve Robotics Inc. /DE/
Filing Date: 2025-01-07
Form: 424B5
Chunk 18
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 commitment by the placement agent to purchase
any of the securities, and the placement agent will have no authority to bind us by virtue of the placement agency agreement. The placement
agent has no commitment to buy any of the securities offered pursuant to this prospectus supplement and accompanying prospectus. The placement
agent is not purchasing the securities offered by us in this offering and is not required to sell any specific number or dollar amount
of securities but will assist us in this offering on a reasonable best efforts basis. Further, the placement agent does not guarantee
that it will be able to raise new capital in any prospective offering. The placement agent may engage sub-agents or selected dealers to
assist with the offering. We have entered into a securities purchase agreement directly with the investors in connection with this offering,
and we will only sell to investors pursuant to the terms of the securities purchase agreement. We may not sell the entire amount of securities
offered pursuant to this prospectus supplement.

We expect to deliver the securities
being offered pursuant to this prospectus supplement on or about January 7, 2025, subject to satisfaction of customary closing conditions.

Fees and Expenses

The following table shows,
on a per share and total basis, the offering price, placement agent fees and proceeds, before expenses to us.

|                                                 |     | Per Share |       |     | Total |            |
|:------------------------------------------------|:----|:----------|------:|:----|:------|-----------:|
| Offering price                                  |     | $         | 19.00 |     | $     | 79,999,975 |
| Placement agent fees(1)                         |     | $         |  0.95 |     | $     |  3,999,999 |
| Proceeds to Serve Robotics Inc. before expenses |     | $         | 18.05 |     | $     | 75,999,976 |

| (1) | We have agreed to pay the placement agent in connection with this offering a cash fee equal to 5.0% of the aggregate gross proceeds from the sale of the securities in this offering. |

We estimate that the total expenses payable by
us in connection with this offering, excluding the placement agent fees and expenses referred to above, will be approximately $0.2 million.

<div align='center'>S-10</div>

Regulation M

The placement agent may be
deemed to be an underwriter within the meaning of Section 2(a)(11