Company: SRFM
Filing Date: 2025-11-13
Form Type: S-3
Source: 0001193125-25-278323
Chunk: 45

Company: SURF AIR MOBILITY INC.
Filing Date: 2025-11-13
Form: S-3
Chunk 45
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 all of the warrants evidenced by your warrant , you will be issued a new warrant for the remaining amount of warrants.

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SELLING STOCKHOLDERS The shares of common stock that may be offered and sold by the selling stockholders pursuant to this prospectus are (a) certain shares of common stock issued to Palantir in satisfaction of fees owed for services and (b) shares issuable to High Trail Special Situations LLC (“HTSS”) upon conversion of the Note. For additional information regarding the issuance of the Note, see “Summary—Convertible Note” above. The table below lists the selling stockholders and other information regarding the beneficial ownership of the shares of common stock held by the selling stockholders, including the shares that may be offered and sold hereunder, as determined under Section 13(d) of the Exchange Act, and the rules and regulations thereunder, which generally provide that a person has beneficial ownership of a security if such person possesses sole or shared voting or investment power over that security or the right to acquire such power within 60 days. In accordance with the terms of the Purchase Agreement, this prospectus generally covers the resale of 100% of the maximum number of shares of common stock issuable upon conversion of the Note determined as if the outstanding Note were converted in full (without regard to any limitations on conversion contained therein solely for the purpose of such calculation, including the limitations described below) at the initial conversion price. Because the conversion price may be adjusted, the number of shares that may actually be issued upon any conversion thereof and beneficially owned by HTSS as calculated in accordance with Section 13(d) of the Exchange Act and the rules and regulations thereunder may be less than the number of shares that may be offered by this prospectus. Under the terms of the Note, HTSS may not convert the Note to the extent (but only to the extent) HTSS and its attribution parties as defined under the Note would beneficially own in the aggregate a number of shares of our common stock which would exceed 9.99% of the then-outstanding capital stock of the Company (the “ Beneficial Ownership Limitation ” ), provided that the Beneficial Ownership Limitation may be decreased immediately by HTSS upon notice to us. The selling stockholders may sell all, some or none of their shares of common stock registered hereunder. No offer or sale under this prospectus may be made by a stockholder unless that holder is listed in the table below, in a supplement