Company: SERV
Filing Date: 2025-01-07
Form Type: 424B5
Source: 0001213900-25-001654
Chunk: 13

Company: Serve Robotics Inc. /DE/
Filing Date: 2025-01-07
Form: 424B5
Chunk 13
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 announcements regarding the progress of our development efforts or the development efforts
of our collaborators and/or competitors, the addition or departure of our key personnel, variations in our quarterly operating results
and changes in market valuations of pharmaceutical and biotechnology companies. Holders of shares which have experienced significant price
and trading volatility have occasionally brought securities class action litigation against the companies that issued the shares. If any
of our shareholders were to bring a lawsuit of this type against us, even if the lawsuit is without merit, we could incur substantial
costs defending the lawsuit. The lawsuit could also divert the time and attention of our management, which could harm our business.

There may be future sales or other dilution of our equity, which may adversely affect the market price of our common stock.

We are not restricted from
issuing additional common stock, including any securities that are convertible into or exchangeable for, or that represent the right to
receive, common stock. The issuance of any additional shares of common stock or securities convertible into, exchangeable for or that
represent the right to receive common stock or the conversion or exercise of such securities could be substantially dilutive to holders
of our common stock. Holders of our shares of common stock have no preemptive rights that entitle them to purchase their pro rata share
of any offering of shares of any class or series of our equity securities. Moreover, certain holders of shares of our common stock or
securities convertible into, or exercisable for, shares of our common stock, have rights, subject to certain conditions, to require us
to file registration statements covering such securities, or to include these securities in registration statements that we may file for
ourselves or other stockholders. We cannot predict or estimate the amount, timing or nature of any such requests from holders of registration
rights or when any sales by such stockholders may occur.

The market price of our
common stock could decline as a result of this offering as well as sales of shares of our common stock made after this offering by
us or stockholders with registration rights, or the perception that such sales could occur. Because our decision to issue securities
in any future offering, or decisions by holders of registration rights to sell shares in any future offerings, will depend on market
conditions and other factors beyond our control, we cannot predict or estimate the amount, timing or nature of any future offerings.
Thus, our stockholders bear the risk of future offerings reducing the market price of our common stock and/or diluting their stock