SERV Serve Robotics Inc. /DE/

“The Company did not design and maintain effective controls over information technology (IT) general controls over information systems that are relevant to the preparation of the Company s financial statements.”

“The Company did not design and maintain effective controls related to substantially all accounts and disclosures. Specifically, the Company did not design and maintain comprehensive and formalized accounting and financial reporting policies and procedures that detail the information needed for our financial reporting process, including a robust review process by which management monitors for technical accounting requirements.”

“The Company did not design and maintain effective controls to verify appropriate segregation of duties.”

“The Company did not design and maintain an effective control environment as our size has prevented us from being able to employ sufficient resources.”

“Based upon our evaluation, our principal executive officer and principal financial officer concluded that our disclosure controls and procedures were not effective because of the material weaknesses in our internal control over financial reporting described below.”

“our obligation to develop and maintain proper and effective internal control over financial reporting, and the presence of material weaknesses that increase the risk of material misstatement of our consolidated financial statements”