Company: SERV
Filing Date: 2025-01-07
Form Type: 424B5
Source: 0001213900-25-001654
Chunk: 11

Company: Serve Robotics Inc. /DE/
Filing Date: 2025-01-07
Form: 424B5
Chunk 11
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 strategic partnerships, joint ventures or capital commitments;      |

<div align='center'>S-4</div>

| ● | 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. |

The cumulative effects of the
factors discussed above could result in large fluctuations and unpredictability in our quarterly and annual operating results. As a result,
comparing our operating results on a period-to-period basis may not be meaningful.

This variability and unpredictability
could also result in us failing to meet the expectations of industry or financial analysts or investors for any period. If we are unable
to realize our objectives associated with commercializing our products, or if our operating results fall below the expectations of analysts
or investors or below any guidance we may provide, or if any guidance we provide is below the expectations of analysts or investors,
it could cause the market price of our common stock to decline.

Our management will have broad discretion over the use of the net proceeds from this offering, and you may not agree with how we use the proceeds and the proceeds may not be invested successfully.

Our management will have broad
discretion as to the use of the net proceeds from this offering and could use them for purposes other than those contemplated at the time
of this offering. Accordingly, you are relying on the judgment of our management with regard to the use of these net proceeds, and you
will not have the opportunity, as part of your investment decision, to assess whether the proceeds will be used appropriately. It is possible
that the proceeds will be invested in a way that does not yield a favorable, or any, return for the Company.

Sale of our common