Company: SRFM
Filing Date: 2025-03-21
Form Type: 10-K
Source: 0000950170-25-043326
Chunk: 104

Company: SURF AIR MOBILITY INC.
Filing Date: 2025-03-21
Form: 10-K
Item: Item 1A
Chunk 104
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 Section 27 of the Exchange Act creates exclusive federal jurisdiction over all suits brought to enforce any duty or liability created by the Exchange Act or the rules and regulations thereunder. As a result, the exclusive forum provision in our Amended and Restated Certificate of Incorporation will not apply to suits brought to enforce any duty or liability created by the Exchange Act or any other claim for which the federal courts have exclusive jurisdiction. 

These provisions may have the effect of discouraging lawsuits against our directors and officers. The enforceability of similar choice of forum provisions in other companies’ certificates of incorporation has been challenged in legal proceedings, and it is possible that, in connection with any applicable action brought against us, a court could find the choice of forum provisions contained in the proposed certificate of incorporation to be inapplicable or unenforceable in 

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such action. In this regard, stockholders may not be deemed to have waived our compliance with the federal securities laws and the rules and regulations thereunder, including Section 22 of the Securities Act.

Risks Related to Ownership of Our Common Stock 

The trading price of our common stock may be volatile. 

The trading price of our common stock, may fluctuate due to a variety of factors, including: 

•changes in the industries in which we and our customers operate; 

•developments involving our competitors; 

•changes in laws and regulations affecting our business; 

•variations in our operating performance and the performance of our competitors in general; 

•actual or anticipated fluctuations in our quarterly or annual results of operations; 

•publication of research reports by securities analysts about us or our competitors or our industry; 

•the public’s reaction to our press releases, our other public announcements and our filings with the SEC; 

•actions by stockholders, including the sale by the third-party investors of any of their shares of common stock; 

•additions and departures of key personnel; 

•commencement of, or involvement in, litigation involving the combined company; 

•changes in our capital structure, such as future issuances of securities or the incurrence of additional debt; 

•the volume of shares of common stock available for public sale; and 

•general economic and political conditions, such as the effects of public health threats, recessions, interest rates, local and national elections, fuel prices, international currency fluctuations, corruption, political instability and acts of war or terrorism. 

These market and industry factors may materially reduce the market price of our common stock regardless of our operating