Company: SERV
Filing Date: 2025-10-10
Form Type: 424B5
Source: 0001213900-25-098177
Chunk: 18

Company: Serve Robotics Inc. /DE/
Filing Date: 2025-10-10
Form: 424B5
Chunk 18
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| Offering price                                  |     | $         | 16.00 |     | $     | 100,000,000 |
| Placement agent fees(1)                         |     | $         |  0.80 |     | $     |   5,000,000 |
| Proceeds to Serve Robotics Inc. before expenses |     | $         | 15.20 |     | $     |  95,000,000 |

| (1) | We have agreed to pay the                                                                                                                 
 placement agent in connection with this offering a cash fee equal to 5.0% of the aggregate gross proceeds from the sale of the securities 
 in this offering.                                                                                                                         |

We estimate that the total expenses payable by us in connection with this offering, excluding the placement agent fees and expenses referred to above, will be approximately $0.2 million.

<div align='center'>S-9</div>

Regulation M

The placement agent may be deemed to be an underwriter within the meaning of Section 2(a)(11) of the Securities Act, and any commissions received by it and any profit realized on the resale of the shares sold by it while acting as principal might be deemed to be underwriting discounts or commissions under the Securities Act. As an underwriter, the placement agent would be required to comply with the requirements of the Securities Act and the Exchange Act, including, without limitation, Rule 415(a)(4) under the Securities Act and Rule 10b-5 and Regulation M under the Exchange Act. These rules and regulations may limit the timing of purchases and sales of shares by the placement agent acting as principal. Under these rules and regulations, the placement agent:

| ● | may not engage in any stabilization activity in connection 
 with our securities; and                                   |

| ● | may not bid for or purchase                                                                                                         
 any of our securities or attempt to induce any person to purchase any of our securities, other than as permitted under the Exchange 
 Act, until they have completed their participation in the distribution.                                                             |

Indemnification

We have agreed to indemnify the placement agent against certain liabilities, including certain liabilities arising under the Securities Act and to contribute to payments that the placement agent may be required to make for these liabilities.

Nasdaq Listing

Our common stock is listed on Nasdaq under the symbol “SERV.” On October 9, 2025, the last reported sale price of our common stock on Nasdaq was $17.68 per share.