Company: SRFM
Filing Date: 2025-11-12
Form Type: 8-K
Source: 0001193125-25-277566
Chunk: 1

Company: SURF AIR MOBILITY INC.
Filing Date: 2025-11-12
Form: 8-K
Item: Item 1.01
Chunk 1
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 Note (together, the “ Concurrent Offerings”) to repay outstanding indebtedness under (i) its 4-year credit agreement with certain affiliates of Comvest Partners, as lenders, dated November 14, 2024, (ii) its convertible note issued under its June 21, 2023, convertible note purchase agreement with Partners for Growth V. L. P. (the “ PfG Convertible”) and (iii) its mandatory convertible security (the “ GEM Mandatory”) issued under its mandatory convertible security purchase agreement with GEM Global Yield LLC SCS, dated March 1, 2024. Prepayment of the PfG Convertible will occur through an initial payment of $4 million shortly after closing of the offerings and monthly principal payments of no less than $500,000 thereafter. The Company will not receive any cash proceeds from the Palantir Placement. The Company estimates that offering expenses payable by the Company in the offerings will be approximately $6.2 million.

Without giving effect to the issuance of the shares described above, the exercise of any portion of the Warrants or the conversion of any portion of the Note, as of November 7, 2025, the Company had 52,266,051 shares of Common Stock outstanding.

The Registered Shares, Registered Warrants and Palantir Shares are being offered and sold to the public pursuant to the Company’s shelf registration statement on Form S-3 (File No. 333-284845) initially filed with the Securities and Exchange Commission (the “ Commission”) on March 21, 2025 and declared effective on March 26, 2025, and the related short-form registration statement filed with the Commission on November 10, 2025 pursuant to Rule 462(b) of the Securities Act of 1933, as amended (the “ Securities Act”). In connection with the Registered Direct Offering and the Palantir Placement, a preliminary prospectus supplement (“the Preliminary Prospectus Supplement”) and final prospectus supplement dated November 10, 2025, including the accompanying base prospectus dated March 26, 2025, was filed with the Commission on November 10, 2025 and November 12, 2025, respectively (the “ Prospectus Supplement”) and are available on the Commission’s web site at http://www. sec. gov.

The Private Placement Shares, the Private Placement Warrants, the Note, and the shares of Common Stock issuable upon exercise of the Private Placement Warrants or the