Company: SRFM
Filing Date: 2025-04-01
Form Type: 424B5
Source: 0000950170-25-048087
Chunk: 13

Company: SURF AIR MOBILITY INC.
Filing Date: 2025-04-01
Form: 424B5
Chunk 13
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 for issuance under the 2023 Plan and the Surf Air Mobility Inc. Employee Stock Purchase Plan.

Furthermore, we may choose to raise additional capital through the sale of equity or convertible debt securities due to market conditions or strategic considerations even if we believe we have sufficient funds for our current or future operating plans. New investors will experience further dilution if any of our outstanding options or warrants are exercised, new options are issued and exercised under our equity incentive plans or we issue additional shares of common stock, other equity securities or convertible debt securities in the future.

<div align='center'>S-11

PLAN OF DISTRIBUTION</div>

Pursuant to an engagement letter agreement dated March 18, 2025 we have engaged H.C. Wainwright & Co., LLC, (“Wainwright” or the “placement agent”) to act as our exclusive placement agent in connection with this offering of securities pursuant to this prospectus supplement and accompanying prospectus. Under the terms of the engagement letter agreement, the placement agent has agreed to be our exclusive placement agent, on a reasonable best efforts basis, in connection with the issuance and sale by us of our securities in this takedown from our shelf registration statement. The terms of this offering were subject to market conditions and negotiations between us, the placement agent and prospective investors. The engagement letter does not give rise to any commitment by the placement agent to purchase any of our securities, and the placement agent will have no authority to bind us by virtue of the engagement agreement. Further, the placement agent does not guarantee that it will be able to raise new capital in any prospective offering. The placement agent may engage sub-agents or selected dealers to assist with the offering.

The placement agent has arranged for the sale of the securities we are offering pursuant to this prospectus supplement and accompanying prospectus to institutional investors through a securities purchase agreement directly between the purchasers and us. We will only sell to such investors who have entered into the securities purchase agreement with us.

We expect to deliver the securities being offered pursuant to this prospectus supplement on or about April 1, 2025, subject to satisfaction of customary closing conditions.

We have agreed to pay the placement agent a total cash fee equal to 7.0% of the aggregate gross proceeds from this offering. We will also pay the placement agent up to $50,000 for reasonable and documented fees and expenses of legal counsel and other out-of-pocket expenses and for its clearing expenses of up to $15,950. We estimate the total expenses payable by us for this