Company: SRFM
Filing Date: 2025-11-24
Form Type: 424B5
Source: 0001193125-25-293741
Chunk: 3

Company: SURF AIR MOBILITY INC.
Filing Date: 2025-11-24
Form: 424B5
Chunk 3
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 2023 Plan and the Surf Air Mobility Inc. Employee Stock Purchase Plan; and                                                                                                                                                                                                  
 •3,975,901 shares of common stock issuable upon exercise of the warrants, 2,048,195 shares of common stock issuable upon exercise of certain private placement warrants and 18,574,297 shares of common stock issuable upon the conversion of our senior secured convertible notes due 2028 (the “Notes”).                                  |
| Exercise price of warrants:                                 | $3.32 per share, subject to adjustments as described herein. See “Description of Securities We Are Offering.”                                                                                                                                                                                                                               |
| Use of proceeds:                                            | We will receive up to an aggregate of approximately $13.2 million from the exercise of the warrants, assuming the exercise in full of all of the warrants for cash. We expect to use the net proceeds from the exercise of the warrants for repayment of indebtedness and general corporate purposes. See “Use of Proceeds.”                |
| Risk factors:                                               | You should read the “Risk Factors” section of this prospectus supplement and of the accompanying prospectus and our most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q, incorporated by reference herein, for a discussion of factors to consider carefully before deciding to invest in our securities.  |
| NYSE symbol:                                                | Our common stock is listed on NYSE under the symbol “SRFM.”                                                                                                                                                                                                                                                                                 |

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<div align='center'>RISK FACTORS</div>

Investing in our securities involves a high degree of risk. Before investing in our securities, you should consider carefully the risks described below, together with the other information contained in this prospectus supplement and the accompanying prospectus or incorporated by reference herein or therein, including the risks and uncertainties discussed under “Risk Factors” in our most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q, which are incorporated by reference herein in their entirety. If any of the risks incorporated by reference herein or set forth below occur, our business, financial condition, results of operations and future growth prospects could be materially and adversely affected. In these circumstances, the market price of our common stock could decline, and you may lose all or part of your investment.

Because the effective offering price of our common stock issuable upon exercise of the warrants is substantially higher than the net tangible book value per share of our outstanding common stock following exercise of the warrants, new investors will experience immediate and substantial dilution.