Company: SERV
Filing Date: 2025-10-10
Form Type: 424B5
Source: 0001213900-25-098177
Chunk: 9

Company: Serve Robotics Inc. /DE/
Filing Date: 2025-10-10
Form: 424B5
Chunk 9
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 of restricted  
 stock units outstanding as of June 30, 2025 under our equity incentive plans; |

| ● | 1,096,481 shares of our common stock issuable upon the exercise of outstanding but unexercised warrants at a weighted average exercise price of $9.40 per share; and   |
| ● | 1,458,408 shares of our common stock underlying options and restricted stock units outstanding under the equity incentive plans assumed in connection with the Merger. |

Except as otherwise indicated, all information in this prospectus supplement assumes no exercise of outstanding stock options or settlement of unvested restricted stock units described above and no exercise of outstanding warrants described above.

<div align='center'>S-3

RISK FACTORS</div>

Investing in our common stock involves a high degree of risk. Before making an investment decision, you should carefully consider the risks described below and in our most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q or Current Reports on Form 8-K, as well as any amendments thereto reflected in subsequent filings with the SEC, each of which are incorporated by reference in this prospectus, and all of the other information in this prospectus, including our financial statements and related notes incorporated by reference herein. If any of these risks is realized, our business, financial condition, results of operations and prospects could be materially and adversely affected. In that event, the trading price of our common stock could decline and you could lose part or all of your investment. Additional risks and uncertainties that are not yet identified or that we currently believe to be immaterial may also materially harm our business, financial condition, results of operations and prospects and could result in a complete loss of your investment.

Risks Related to This Offering and Our Common Stock

The price of our common stock has and may continue to fluctuate significantly, and this may make it difficult for you to resell shares of common stock owned by you at times or at prices you find attractive.

The trading price of our common stock has fluctuated widely and may continue to fluctuate widely as a result of a number of factors, many of which are outside our control. Since our common stock began trading on Nasdaq, our stock has traded at prices as low as $1.82 per share and as high as $22.92 per share through October 9, 2025. In addition, the stock market is subject to fluctuations in the share prices and trading volumes that affect the market prices