Company: SERV
Filing Date: 2025-04-08
Form Type: 424B3
Source: 0001213900-25-029916
Chunk: 17

Company: Serve Robotics Inc. /DE/
Filing Date: 2025-04-08
Form: 424B3
Chunk 17
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 arrange for
other brokers-dealers to participate in sales. Broker-dealers may receive commissions or discounts from the selling stockholders (or,
if any broker-dealer acts as agent for the purchaser of securities, from the purchaser) in amounts to be negotiated, but, except as set
forth in a supplement to this Prospectus, in the case of an agency transaction not in excess of a customary brokerage commission in compliance
with FINRA Rule 2440; and in the case of a principal transaction a markup or markdown in compliance with FINRA IM-2440.

In connection with the sale of the securities or interests therein,
the selling stockholders may enter into hedging transactions with broker-dealers or other financial institutions, which may in turn engage
in short sales of the securities in the course of hedging the positions they assume. The selling stockholders may also sell securities
short and deliver these securities to close out their short positions, or loan or pledge the securities to broker-dealers that in turn
may sell these securities. The selling stockholders may also enter into option or other transactions with broker-dealers or other financial
institutions or create one or more derivative securities which require the delivery to such broker-dealer or other financial institution
of securities offered by this prospectus, which securities such broker-dealer or other financial institution may resell pursuant to this
prospectus (as supplemented or amended to reflect such transaction).

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The selling stockholders and any broker-dealers or agents that are
involved in selling the securities may be deemed to be “underwriters” within the meaning of the Securities Act in connection
with such sales. In such event, any commissions received by such broker-dealers or agents and any profit on the resale of the securities
purchased by them may be deemed to be underwriting commissions or discounts under the Securities Act. The selling stockholders have informed
the Company that they do not have any written or oral agreement or understanding, directly or indirectly, with any person to distribute
the securities.

The Company is required to pay certain fees and expenses incurred by
the Company incident to the registration of the securities. The Company has agreed to indemnify the selling stockholders against certain
losses, claims, damages and liabilities, including liabilities under the Securities Act.

We agreed to keep this prospectus effective until the earlier of (i)
the date on which the securities may be resold by the selling stockholders without registration and without regard to any volume or