Company: SERV
Filing Date: 2025-04-08
Form Type: 424B3
Source: 0001213900-25-029916
Chunk: 6

Company: Serve Robotics Inc. /DE/
Filing Date: 2025-04-08
Form: 424B3
Chunk 6
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 GoDaddy Inc., and Anki, Inc. We believe our expertise positions us to service the ever-growing on-demand delivery market, including food delivery. Based on our proprietary historical delivery data, approximately half of all delivery distances in the United States are less than 2.5 miles and well-suited to delivery by sidewalk robots. We provide a robotic delivery experience that delights customers, improves reliability for merchants and reduces traffic congestion and vehicle emissions. Moreover, at scale we expect our robots will complete deliveries at lower cost than human couriers, making on-demand delivery more affordable and accessible in the areas in which we operate. By eliminating unnecessary car traffic, and by reducing the cost of last-mile transportation, Serve aims to reshape cities into sustainable, safe, and people-friendly environments, with thriving local economies. Implications of Being an Emerging Growth Company and a Smaller Reporting Company We qualify as an “emerging growth company” as defined in the Jumpstart Our Business Startups Act of 2012, as amended (the “JOBS Act”). An “emerging growth company” may take advantage of reduced reporting requirements that are otherwise applicable to public companies. These provisions include, but are not limited to:

| ● | being permitted to present only two years of audited financial                                                                   
 statements and only two years of related “Management’s Discussion and Analysis of Financial Condition and Results of Operations” 
 disclosure in our periodic reports and registration statements, including this prospectus;                                       |

| ● | not being required to comply with the auditor attestation                                                                 
 requirements of Section 404 of the Sarbanes-Oxley Act, as amended (the “Sarbanes-Oxley Act”), on the effectiveness of our 
 internal controls over financial reporting;                                                                               |

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| ● | reduced disclosure obligations regarding executive compensation                                                    
 arrangements in our periodic reports, proxy statements and registration statements, including this prospectus; and |

| ● | exemptions from the requirements of holding a nonbinding                                                                   
 advisory vote on executive compensation and stockholder approval of any golden parachute payments not previously approved. |

We may use these provisions until December 31, 2028, which is the last day of the fiscal year following the fifth anniversary of the first sale of our common stock pursuant to an effective registration statement in 2023. However, if certain events occur prior to the end of such five-year period, including if we become a “large accelerated filer,” our annual gross revenues exceed $1.235 billion or we issue more