Company: SRFM
Filing Date: 2025-11-10
Form Type: 424B5
Source: 0001193125-25-273369
Chunk: 8

Company: SURF AIR MOBILITY INC.
Filing Date: 2025-11-10
Form: 424B5
Chunk 8
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 the record date occurs after the exercise date.

Substantial future sales or other issuances of our common stock could depress the market for our common stock.

Sales of a substantial number of shares of our common stock, or the perception by the market that those sales could occur, could cause the market price of our common stock to decline or could make it more difficult for us to raise funds through the sale of equity in the future.

Concurrently with these offerings, we are offering shares of common stock and accompanying warrants to purchase up to shares of common stock to the Private Placement Investors and the Notes in the aggregate principal amount of $74.0 million to the Notes Investor, each in an offering exempt from registration under the Securities Act. In the future, we may sell additional shares of our common stock or equity-linked securities to raise capital.

Future issuances of our common stock or our other equity securities could further depress the market for our common stock. We expect to continue incurring costs associated with research and development with respect to our software and electrification initiatives, and general and administrative costs associated with our operations, and to satisfy our funding requirements, we may need to sell additional equity securities. The sale or the proposed sale of substantial amounts of our common stock or our other equity securities may adversely affect the market price of our common stock and our stock price may decline substantially. Our stockholders may experience substantial dilution and a reduction in the price that they are able to obtain upon sale of their shares. New equity securities issued may have greater rights, preferences or privileges than our existing common stock.

You may experience further dilution if we issue additional equity securities in future transactions, including in any raising of additional capital or restructuring of our indebtedness.

We are selling shares of common stock and accompanying private placement warrants to purchase up to shares of common stock to the Private Placement Investors in the Concurrent Offerings, and the Notes to be issued in the Concurrent Offerings are initially convertible into shares of common stock. In addition, to raise additional capital or to restructure our indebtedness or otherwise, we may in the future issue additional shares of our common stock or other securities convertible into or exchangeable or exercisable for our common stock at prices that may not be the same as the price per share in these offerings. We may issue shares or other securities in any other transaction at a price per share that is less than the price per share paid by investors in these offerings, and investors acquiring shares or other securities in the future could have rights superior to existing stockholders. The price per share