Company: SRFM
Filing Date: 2025-11-10
Form Type: 424B5
Source: 0001193125-25-273369
Chunk: 19

Company: SURF AIR MOBILITY INC.
Filing Date: 2025-11-10
Form: 424B5
Chunk 19
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 the purchasers of common stock in the Registered Direct Offering, as illustrated in the following table.

| Offering price per share and accompanying warrant                                                
 Historical net tangible book value per share as of June 30, 2025                                 |   |
|:-------------------------------------------------------------------------------------------------|:--|
| Increase in as-adjusted net tangible book value per share attributable to indicated transactions | $ |
| As-adjusted net tangible book value per share after indicated transactions                       | $ |
| Dilution per share to the purchaser of common stock in indicated transactions                    | $ |

The foregoing calculations are based on 36,561,659 shares of common stock outstanding as of June 30, 2025, and exclude: • 2,421,713 shares of common stock issuable upon exercise of stock options outstanding as of June 30, 2025, pursuant to the 2016 Plan and the 2023 Plan, with a weighted average exercise price of $8.25 per share; • 2,325,986 shares of common stock underlying restricted stock units and performance-based restricted stock units outstanding as of June 30, 2025, pursuant to the 2023 Plan, with a weighted average grant date fair value of $2.80 per share; • 17,276 shares of common stock issuable upon exercise of preferred share warrants outstanding as of June 30, 2025, with a weighted average exercise price of $267.61; • 114,285 shares of common stock reserved for issuance under the 2023 Plan and the Surf Air Mobility Inc. Employee Stock Purchase Plan; • delivery of up to 900,000 additional shares of common stock to Palantir as consideration for license fees and related professional services pursuant to the License Agreement on an unregistered basis on November12, 2025; and • shares of common stock issuable upon exercise of the warrants and the private placement warrants and shares of our common stock issuable upon the conversion of the Notes offered in the Concurrent Offerings. 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

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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.

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