Company: SERV
Filing Date: 2025-01-07
Form Type: 424B5
Source: 0001213900-25-001654
Chunk: 19

Company: Serve Robotics Inc. /DE/
Filing Date: 2025-01-07
Form: 424B5
Chunk 19
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) of the Securities Act, and any commissions received by it and any profit
realized on the resale of the shares sold by it while acting as principal might be deemed to be underwriting discounts or commissions
under the Securities Act. As an underwriter, the placement agent would be required to comply with the requirements of the Securities Act
and the Exchange Act, including, without limitation, Rule 415(a)(4) under the Securities Act and Rule 10b-5 and Regulation M under the
Exchange Act. These rules and regulations may limit the timing of purchases and sales of shares by the placement agent acting as principal.
Under these rules and regulations, the placement agent:

| ● | may not engage in any stabilization             
 activity in connection with our securities; and |

| ● | may not bid for or purchase                                                                                                              
 any of our securities or attempt to induce any person to purchase any of our securities, other than as permitted under the Exchange Act, 
 until they have completed their participation in the distribution.                                                                       |

Indemnification

We have agreed to indemnify
the placement agent against certain liabilities, including certain liabilities arising under the Securities Act and to contribute to payments
that the placement agent may be required to make for these liabilities.

Nasdaq Listing

Our common stock is listed
on Nasdaq under the symbol “SERV.” On January 6, 2025, the last reported sale price of our common stock on Nasdaq was $22.89
per share.

Other Relationships

The placement agent acts as
an agent for our “at-the-market” equity offering program. From time to time, the placement agent or its affiliates may provide
in the future, various advisory, investment and commercial banking and other services to us in the ordinary course of business, for which
it may receive customary fees and commissions. Except as disclosed in this prospectus supplement, we have no present arrangements with
the placement agent for any further services.

Discretionary Accounts

The placement agent does
not intend to confirm sales of the securities offered hereby to any accounts over which it has discretionary authority.

Transfer Agent and Registrar

The transfer agent and registrar
for our common stock is VStock Transfer, LLC. The transfer agent’s address is 18 Lafayette Place, Woodmere, NY 11598, and its telephone
number is (212) 828-8436.

Electronic Distribution

This prospectus supplement,
the accompanying base prospectus and the documents incorporated herein and therein by reference in electronic format may be made