Company: SERV
Filing Date: 2025-03-06
Form Type: S-3
Source: 0001213900-25-021234
Chunk: 53

Company: Serve Robotics Inc. /DE/
Filing Date: 2025-03-06
Form: S-3
Chunk 53
---
| Use of Proceeds                                           |     | We intend to use the net proceeds from the sale of shares of our common stock for working capital and other general corporate purposes. Our management will retain broad discretion over the allocation of the net proceeds from the sale of the shares of our common stock offered by this prospectus. See “Use of Proceeds.” |
| Risk Factors                                              |     | See the section titled “Risk Factors” in this prospectus and the accompanying base prospectus and in the documents incorporated herein by reference for a discussion of certain factors you should carefully consider before deciding to invest in shares of our common stock.                                                 |
| Nasdaq symbol                                             |     | Our common stock is currently traded on The Nasdaq Capital Market under the symbol “SERV.”                                                                                                                                                                                                                                     |

The number of shares of our common stock to be outstanding immediately after this offering is based on 56,918,226 shares of our common stock outstanding as of March 4, 2025, and excludes:

| ● | 1,022,291 shares of our common stock issuable upon the exercise of options outstanding as of December 31, 2024, at a weighted average exercise price of $0.94 per share under our 2021 Stock Plan and 2023 Equity Incentive Plan; |

| ● | 5,362,326 shares of our common stock issuable upon the vesting of restricted                                  
 stock units outstanding as of December 31, 2024 under our 2021 Stock Plan and 2023 Equity Incentive Plan; and |

| ● | 3,340,011 shares of our common stock issuable upon the exercise of warrants outstanding as of December 31, 2024 at a weighted average exercise price of $6.56 per share. |

Except as otherwise indicated, all information in this prospectus assumes no exercise of the outstanding securities described above.

<div align='center'>S-2

Risk Factors</div>

Investing in our securities involves risks. Before you make a decision to buy our securities, in addition to the risks and uncertainties discussed above under “Forward-Looking Statements,” you should carefully consider the specific risks incorporated by reference in this prospectus to our most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q or Current Reports on Form 8-K, and all other information contained or incorporated by reference into this prospectus, as updated by our subsequent filings under the Exchange Act, and the risk factors and other information contained