Company: SERV
Filing Date: 2025-01-07
Form Type: 424B5
Source: 0001213900-25-001654
Chunk: 9

Company: Serve Robotics Inc. /DE/
Filing Date: 2025-01-07
Form: 424B5
Chunk 9
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 for a discussion of the factors you should carefully consider before deciding to invest in shares of our common stock.                                                                                                               |
| Nasdaq symbol:                                                            | Our common stock is listed on Nasdaq under the symbol “SERV.”                                                                                                                                                                                                                                                                                                                                                                          |

The number of shares of our common stock that will be outstanding immediately after this offering as shown above is based on 51,899,109 shares outstanding as of September 30, 2024, after giving pro forma effect to 5,698,992 shares of our common stock sold subsequent to September 30, 2024 under our “at-the-market” equity offering program and to 3,355,161 shares of our common stock issued in connection with the exercise of warrants subsequent to September 30, 2024, and excludes:

| ● | 1,521,585 shares of our common                                                                                                            
 stock issuable upon the exercise of options outstanding as of September 30, 2024, at a weighted average exercise price of $0.84 per share 
 under our 2021 Stock Plan and 2023 Equity Incentive Plan;                                                                                 |

| ● | 4,814,060 shares of our common                                                                                                           
 stock issuable upon the vesting of restricted stock units outstanding as of September 30, 2024 under our 2021 Stock Plan and 2023 Equity 
 Incentive Plan; and                                                                                                                      |

| ● | 1,191,863 shares of our common                                                                                                    
 stock issuable upon the exercise of outstanding but unexercised warrants at a weighted average exercise price of $0.36 per share. |

Except as otherwise indicated, all information in this prospectus supplement assumes no exercise of outstanding stock options or settlement of unvested restricted stock units described above and no exercise of outstanding warrants described above.

<div align='center'>S-3

RISK FACTORS</div>

Investing in our common stock involves a high degree of risk. Before making an investment decision, you should carefully consider the risks described below and in 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, as well as any amendments thereto reflected in subsequent filings with the SEC, each of which are incorporated by reference in this prospectus, and all of the other information in this prospectus, including our financial statements and related notes incorporated by reference herein. If any of these risks is realized, our business, financial condition, results of operations