Company: SRFM
Filing Date: 2025-11-12
Form Type: 424B5
Source: 0001193125-25-275795
Chunk: 1

Company: SURF AIR MOBILITY INC.
Filing Date: 2025-11-12
Form: 424B5
Chunk 1
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 trading market for the warrants, and we do not expect a market to develop. Without an active trading market, the liquidity of the warrants will be limited.

Concurrently with these offerings, we are offering (i) 2,048,195 shares of common stock and accompanying private placement warrants (the “private placement warrants”) to purchase up to 2,048,195 shares of common stock to an institutional investor (the “Private Placement Investor”) and (ii) senior secured convertible notes due 2028 (the “Notes”) in the aggregate principal amount of $74.0 million to an institutional investor (the “Notes Investor”) that is participating in the Registered Direct Offering (together, the “Concurrent Offerings”), each in an offering exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”). The private placement warrants will have terms substantially identical to the warrants that are offered in the Registered Direct Offering (other than as regards to transfer restrictions related to the private placement and that the private placement warrants will be exercisable for cash from the time of issuance). The completion of each of the Registered Direct Offering and the Concurrent Offerings is contingent on the completion of the others. Neither the completion of the Registered Direct Offering nor the Concurrent Offerings is contingent on the completion of the Palantir Placement and the completion of the Palantir Placement is not contingent on the completion of either the Registered Direct Offering or the Concurrent

Offerings. This prospectus supplement is not an offer to sell or a solicitation of an offer to buy any securities being offered in the Concurrent Offerings. See “The Concurrent Offerings” for a summary of the terms of the Notes and a further description of the Concurrent Offerings. We are an “emerging growth company” as defined under U.S. federal securities laws and, as such, have elected to comply with reduced public company reporting requirements. See "Prospectus Supplement Summary – Our Corporate Information." Investing in our securities involves a high degree of risk. See “Risk Factors” beginning on page S-5 of this prospectus supplement and page 7 of the accompanying prospectus, as well as the section captioned “Risk Factors” in our most recently filed Annual Report on Form 10-K and any subsequent periodic or current report we file with the Securities and Exchange Commission (the “SEC”), which are incorporated by reference in this prospectus supplement.

|                |                      Per Share (1) |                 Total |
| Offering price | $                             3.