Company: SERV
Filing Date: 2025-01-07
Form Type: 424B5
Source: 0001213900-25-001654
Chunk: 39

Company: Serve Robotics Inc. /DE/
Filing Date: 2025-01-07
Form: 424B5
Chunk 39
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 seeking to bring business  
 before our annual meeting of stockholders or to nominate candidates for election as directors 
 at our annual meeting of stockholders. Our amended and restated bylaws also specify certain   
 requirements regarding the form and content of a stockholder’s notice. These provisions       
 may preclude our stockholders from bringing matters before our annual meeting of stockholders 
 or from making nominations for directors at our annual meeting of stockholders. We expect     
 that these provisions might also discourage or deter a potential acquirer from conducting     
 a solicitation of proxies to elect the acquirer’s own slate of directors or otherwise         
 attempting to obtain control of our Company.                                                  |

| ● | No                                                                                               
 Cumulative Voting. The DGCL provides that stockholders are not entitled to the right to cumulate 
 votes in the election of directors unless a corporation’s certificate of incorporation           
 provides otherwise. Our amended and restated certificate of incorporation and amended and        
 restated bylaws do not provide for cumulative voting.                                            |

| ● | Issuance                                                                                           
 of Undesignated Preferred Stock. Our amended and restated certificate of incorporation provides    
 that our board has the authority, without further action by the stockholders, to issue up          
 to 10,000,000 shares of undesignated preferred stock with rights and preferences, including        
 voting rights, designated from time to time by our board of directors. The existence of authorized 
 but unissued shares of preferred stock enables our board of directors to render more difficult     
 or to discourage an attempt to obtain control of us by means of a merger, tender offer, proxy      
 contest or otherwise.                                                                              |

| ● | Choice                                                                                            
 of Forum. Our amended and restated certificate of incorporation provides that, unless we          
 consent in writing to the selection of an alternative forum and to the fullest extent permitted   
 by law, that the Court of Chancery of the State of Delaware (or, if and only if the Court         
 of Chancery of the State of Delaware lacks subject matter jurisdiction, any state court located   
 within the State of Delaware or, if and only if all such state courts lack subject matter         
 jurisdiction, the federal district court for the District of Delaware) and any appellate          
 court therefrom, will be the sole and exclusive forum for: (a) any derivative action, suit        
 or proceeding brought on behalf of us; (b) any action, suit or proceeding asserting a claim       
 of breach of a fiduciary duty owed by any current or former director, officer, employee,