Company: SERV
Filing Date: 2025-03-06
Form Type: 8-K
Source: 0001213900-25-021244
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Company: Serve Robotics Inc. /DE/
Filing Date: 2025-03-06
Form: 8-K
Item: Item 1.02
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Item 1.02. Termination of Material Definitive
Agreement.

On March 5, 2025, Serve Robotics Inc. (the “ Company”)
terminated the Equity Distribution Agreement, dated as of November 7, 2024 (the “ Prior Sale Agreement”), by and among the
Company, Northland Securities, Inc., B. Riley Securities, Inc. and Ladenburg Thalmann & Co. Inc. (the “ Agents”).

The termination of the Prior Sale Agreement was
effective on March 5, 2025. As previously reported, pursuant to the terms of the Prior Sale Agreement and the related prospectus filed
with the SEC on November 7, 2024, the Company could offer and sell shares of its common stock having an aggregate offering price of up
to $100 million from time to time through the Agents. The Company is not subject to any termination penalties related to the termination
of the Prior Sale Agreement. The Company sold 5,698,992 shares of its common stock for gross proceeds of approximately $80.0 million pursuant
to the Prior Sale Agreement through the termination date of such agreement. The Company will not make any further sales of shares of its
common stock under the Prior Sale Agreement and the related prospectus supplement.

Item 4.01. Changes in Registrant’s Certifying
Accountants.