As filed with the Securities and Exchange Commission on June 28, 2024. Registration Number 333-280071 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 AMENDMENT NO. 1 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Serve Robotics Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) Delaware 3790 85-3844872 From time to time after this regis ...

As filed with the Securities and Exchange Commission on June 7, 2024. Registration Number 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Serve Robotics Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Delaware 3790 85-3844872 (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identification Number) 730 Broadway Redwood ...

Financial Performance - Revenue for Q1 2024 was $0.95 million, representing a 124% sequential growth in delivery and branding revenue [2] - The net loss for Q1 2024 was $9.04 million, compared to a net loss of $5.14 million in Q1 2023 [18] - Serve Robotics reported a net loss of $9,037,971 for the three months ended March 31, 2024, compared to a net loss of $5,138,122 for the same period in 2023 [20] - The company experienced a net cash used in operating activities of $4,078,380 for the three months ended March 31, 2024, an increase from $3,713,409 in the prior year [20] - Cash and cash equivalents at the end of the period were $427,482, down from $866,477 at the end of the previous year [20] - Serve Robotics reported stock-based compensation of $4,255,432 for the three months ended March 31, 2024, compared to $93,943 in the same period last year [20] - Cash paid for interest during the reporting period was $35,892, compared to $40,630 in the same period last year [20] Operational Metrics - Daily supply hours averaged 300 in Q1 2024, a 97% increase compared to Q1 2023, and a 15% increase compared to Q4 2023 [7] - Daily active robots increased to 39 in Q1 2024, a 70% increase compared to Q1 2023, and a 15% increase compared to Q4 2023 [13] - Serve Robotics has completed tens of thousands of deliveries for enterprise partners such as Uber Eats and 7-Eleven [22] Partnerships and Agreements - The company signed a long-term licensing partnership and exclusive contract manufacturing agreement with Magna International [2] - The company expects to recognize an additional $0.35 million in revenue in Q2 2024 from its agreement with Magna [10] - The company has a signed agreement to deploy up to 2,000 delivery robots on the Uber Eats platform across multiple U.S. markets [22] - Serve Robotics plans to deploy a fleet of 2,000 autonomous robots on the Uber Eats platform by 2025 [3] Funding and Capital - Serve Robotics successfully uplisted to the Nasdaq Capital Market and completed a $40 million public equity offering [5] - Total cash and cash equivalents increased to approximately $34.2 million as of April 30, 2024, following the public offering [10] - Serve Robotics secured proceeds from convertible notes payable amounting to $4,844,625 during the reporting period [20] Research and Development - Research and development expenses for Q1 2024 were $6.64 million, significantly higher than $2.08 million in Q1 2023 [18] - Serve Robotics reported a depreciation expense of $17,923 for the three months ended March 31, 2024, down from $465,640 in the previous year [20] Future Outlook - Serve Robotics has scalable multi-year contracts with its partners, indicating a strong future revenue potential [22]

Financial Performance - For the three months ended March 31, 2024, the company generated revenues of $946,711, a significant increase from $40,252 in the same period of 2023, representing a growth of 2,261%[120] - The net loss for the three months ended March 31, 2024, was $9,037,971, compared to a net loss of $5,138,122 for the same period in 2023, indicating an increase in losses of 76.5%[120] - Revenues increased to $946.71 million for the three months ended March 31, 2024, from $40.25 million for the same period in 2023, representing a 2252% increase[122] - Net loss for the period was $9.04 million, compared to a net loss of $5.14 million in the same period in 2023, reflecting a 76% increase in losses[122] Accumulated Deficit and Financial Position - As of March 31, 2024, the company had an accumulated deficit of $77,372,352[120] - Cash and cash equivalents as of March 31, 2024, were $0.43 million, with net cash used in operating activities increasing to $4.08 million from $3.71 million in the prior year[132][137] - The company anticipates needing additional capital to fund operations, including research and development and general administrative expenses[134] Share Issuance and Financing - The company completed a public offering of 10,000,000 shares at a price of $4.00 per share, resulting in net proceeds of approximately $35.7 million[95] - The company entered into a public offering of 10,000,000 shares at a price of $4.00 per share, expected to generate approximately $35.7 million in net proceeds[133] - The company issued convertible promissory notes totaling $5,014,500, resulting in net proceeds of $4,844,625, with a conversion price of $2.42 per share upon closing of the offering[98][99] Customer Concentration and Operational Capacity - One customer accounted for 90% of the company's revenue during the three months ended March 31, 2024, highlighting significant customer concentration risk[105] - Daily active robots increased to 39 from 23, indicating improved operational capacity for deliveries[129] - Daily supply hours increased to 300 from 152, showing enhanced utilization of robot resources[130] Research and Development - Research and development expenses rose to $6.64 million, a 219% increase from $2.08 million in the same period last year, accounting for 80% of total operating expenses[126] - The company anticipates continued operating losses in 2024 and 2025 as it seeks to scale its operations and invest in research and development[111] Operating Expenses - Total operating expenses increased to $8.31 million, a 113% rise from $3.90 million in the same period last year[122] - Interest expense for the period was $1.33 million, primarily related to debt from Silicon Valley Bank[127] Strategic Partnerships and Future Plans - The fair value of the Magna Warrant was determined to be $8,566,184 as of March 31, 2024, indicating the potential value of the strategic partnership with Magna[103] - The company aims to scale its operating fleet by a factor of 10 and expand geographic coverage beyond Los Angeles over the next two years[111] Supply Chain Challenges - The global supply shortage of electrical components has impacted the company's supply chain, leading to increased lead times and costs for manufacturing robots[109]

As filed with the Securities and Exchange Commission on April 12, 2024. Registration Number 333-277809 Serve Robotics Inc. (Exact name of registrant as specified in its charter) | Delaware | 3790 | 85-3844872 | | --- | --- | --- | | (State or other jurisdiction of | (Primary Standard Industrial | (I.R.S. Employer | | incorporation or organization) | Classification Code Number) | Identification Number) | | | 730 Broadway | | | | Redwood City, CA 94063 | | | | (818) 860-1352 | | | | (Address, including zip co ...

(Exact name of registrant as specified in its charter) | Delaware | 3790 | 85-3844872 | | --- | --- | --- | | (State or other jurisdiction of | (Primary Standard Industrial | (I.R.S. Employer | | incorporation or organization) | Classification Code Number) | Identification Number) | | | 730 Broadway | | | | Redwood City, CA 94063 | | | | (818) 860-1352 | | | | (Address, including zip code, and telephone number, including area code, of registrant's principal executive offices) | | | | Ali Kashani | | Chief E ...

As filed with the Securities and Exchange Commission on March 8, 2024. Registration Number 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Serve Robotics Inc. (Exact name of registrant as specified in its charter) Delaware 3790 85-3844872 (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identification Number) 730 Broadway Redwoo ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to __________ COMMISSION FILE NUMBER 000-56237 SERVE ROBOTICS INC. (Exact name of registrant as specified in its charter) | --- | --- | |---------------- ...

As filed with the Securities and Exchange Commission on November 28, 2023 Registration Number 333-274547 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 AMENDMENT NO. 2 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Serve Robotics Inc. (Exact name of registrant as specified in its charter) From time to time after this registration statement is declared effective. (Approximate date of commencement of proposed sale to the public) (Address, including zip code, and t ...

Merger and Corporate Structure - The merger with Serve Robotics was completed on July 31, 2023, with each share of Serve's capital stock converting into 0.8035 shares of the company's common stock, resulting in a maximum of 20,948,917 shares issued[83]. Revenue and Financial Performance - Revenue from delivery services and branding is the primary source of income, with Uber accounting for 50% of revenues for the year ended December 31, 2022[93]. - Revenues for the three months ended September 30, 2023, increased by 88% to $62,565 compared to $33,333 for the same period in 2022[107]. - Net loss for the three months ended September 30, 2023, was $7,645,972, a 43% increase from the net loss of $5,358,605 in the same period in 2022[108]. - Net loss for the nine months ended September 30, 2023, was $17,750,350, a 22% increase from $14,600,764 in the same period in 2022[111]. Operating Expenses - General and administrative expenses rose by 50% to $1,428,143 for the three months ended September 30, 2023, compared to $952,553 for the same period in 2022[108]. - Total operating expenses for the three months ended September 30, 2023, were $5,067,816, a slight increase of 1% from $5,016,309 in the same period in 2022[110]. - Interest expense for the three months ended September 30, 2023, was $1,480,000, significantly higher than $30,000 in the same period in 2022[110]. Research and Development - Research and development expenses decreased by 9% to $2,962,812 for the three months ended September 30, 2023, from $3,261,785 in the same period in 2022[108]. - Research and development expenses for the nine months ended September 30, 2023, decreased by 23% to $7,171,446 from $9,275,252 in the same period in 2022[111]. Cash Flow and Financing - Net cash used in operating activities decreased to $12.29 million for the nine months ended September 30, 2023, from $16.98 million in the same period of 2022, a reduction of $4.69 million[117]. - Net cash provided by financing activities was $13.08 million for the nine months ended September 30, 2023, compared to $14.09 million in 2022, reflecting a decrease of $1.01 million[117]. - The company plans to raise approximately $10 million through a Private Placement to fund operations and believes this, along with existing cash, will be sufficient for short-term operating plans[116]. - The company received net proceeds from the Private Placement of $10 million, $2.7 million from SAFEs, and $4 million from notes in 2023[116]. Assets and Liabilities - As of September 30, 2023, the company had current assets of $5.12 million and current liabilities of $4.86 million, including $3.50 million in cash and cash equivalents[116]. - The company has significant contractual obligations totaling $4.80 million as of September 30, 2023, including operating lease obligations and loan financing facilities[121]. - The company entered into a term loan with Silicon Valley Bank for gross proceeds of $2.50 million, maturing on March 1, 2025, with principal payments commencing on October 1, 2022[119]. Operational Metrics - Daily Active Robots increased to 30 from 9 year-over-year, reflecting improved operational capacity[113]. - Daily Supply Hours increased to 224 from 69 year-over-year, indicating enhanced utilization of the robot fleet[113]. Market Conditions and Future Outlook - The company anticipates continued operating losses in 2023 and 2024 while aiming to scale its operating fleet by a factor of 10 and expand geographic coverage beyond Los Angeles[99]. - Inflation and economic conditions may impact discretionary consumer spending, which could negatively affect financial results due to reduced demand for delivery services[95]. - Supply chain constraints, particularly in semiconductor components, have led to increased lead times and costs, potentially affecting future robot manufacturing plans[97]. - The company aims to achieve initial profitability by 2025, contingent on revenue development and various market conditions[99]. - The company is actively pursuing new delivery and branding customers to diversify its customer base and reduce reliance on Uber[93]. - Regulatory changes could impact the company's ability to operate in certain markets, affecting revenue generation and unit economics[98]. Investment Activities - Net cash used in investing activities was $0 for the nine months ended September 30, 2023, compared to $0.47 million in 2022, indicating a significant reduction in investment expenditures[116]. - The company has no off-balance sheet financing arrangements or relationships with unconsolidated entities as of the reporting period[122].