Company: SERV
Filing Date: 2025-01-07
Form Type: 424B5
Source: 0001213900-25-001654
Chunk: 29

Company: Serve Robotics Inc. /DE/
Filing Date: 2025-01-07
Form: 424B5
Chunk 29
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 vehicle emissions. Moreover, at scale with full utilization and high autonomy, we believe
our robots have the potential to reduce average delivery cost to under $1.00, lower than delivery cost by human couriers today, making
on-demand delivery more affordable and accessible in the areas in which we operate. In fact, according to a 2024 ARK Invest report, by
using automation to reduce delivery costs, the potential market for food and parcel delivery by robots and drones may grow to as much
as $450 billion globally in 2030.

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Additional details of our programs are contained
in our Annual Report on Form 10-K for the fiscal year ended December 31, 2023.

Corporate Information

We were incorporated in the State of Delaware as
Patricia Acquisition Corp. on November 9, 2020. On July 31, 2023, Serve Acquisition Corp. merged with and into Serve (the “Merger”).
Following the Merger, Serve was the surviving entity and became our wholly-owned subsidiary, and all of the outstanding stock of Serve
was converted into shares of our common stock. The business of Serve became our business as a result of the Merger. Following the consummation
of the Merger, Serve changed its name to “Serve Operating Co.” and we changed our name to “Serve Robotics Inc.”

Prior to the Merger, Patricia Acquisition Corp.
was a “shell” company registered under the Securities Exchange Act, as amended (the “Exchange Act”), with no specific
business plan or purpose until it began operating the business of Serve following the closing of the Merger.

Our principal executive offices are located at
730 Broadway, Redwood City, California 94063. Our telephone number is (818) 860-1352. Our website address is http://www.serverobotics.com.
Information contained on, or that can be accessed through, our website is not a part of this prospectus.

Securities We May Offer

We may offer shares of common stock, shares of
preferred stock, debt securities, warrants or rights, either individually or in units, with a total value of up to $200,000,000 from time
to time under this base prospectus at prices and on terms to be determined by market conditions at the time of the offering. Our common
stock currently is quoted on The Nasdaq Capital Market under the symbol “SERV.” Shares of common stock that may be offered
in this