Company: SRFM
Filing Date: 2025-03-21
Form Type: 10-K
Source: 0000950170-25-043326
Chunk: 291

Company: SURF AIR MOBILITY INC.
Filing Date: 2025-03-21
Form: 10-K
Item: Item 8
Chunk 291
---
 (14,939
    )
     
    $
    (57,233
    )

    Loss before income taxes

    (75,195
    )

    (254,000
    )

    Income tax benefit

    287

    3,304

    Net loss
     
    $
    (74,908
    )
     
    $
    (250,696
    )

    Net loss per share applicable to common shareholders, basic and diluted
     
    $
    (5.80
    )
     
    $
    (44.46
    )

    Weighted-average number of common shares used in net loss per share applicable to common shareholders, basic and diluted

    12,910,341

    5,638,128

The accompanying notes are an integral part of these consolidated financial statements.

73

Surf Air Mobility Inc.

Consolidated Statement of Changes in Redeemable Convertible Preferred Shares and Shareholders’ Equity/(Deficit)

Years Ended December 31, 2024 and 2023

(in thousands, except share data)

    Stockholders’ Equity (Deficit)

    Redeemable Convertible Preferred Shares

    Class B-6s ConvertiblePreferred Shares

    Common Shares

    Number ofShares

    Amount

    Number ofShares

    Amount

    Number ofShares

    Amount

    Additional Paid-In Capital

    AccumulatedDeficit

    Total Shareholders' Deficit

    Balance at January 1, 2023

    229,144,283

    $
    130,667

    71,478,742

    $
    3,414

    1,783,919

    $
    —

    $
    126,336

    $
    (351,839
    )
     
    $
    (222,089
    )

    Issuance of Class B-6a redeemable convertible preferred shares

    5,711,720

    3,000

    —

    —

    —

    —

    —

    —

    —

    Conversion of outstanding payables to Class B-6s convertible preferred shares

    —

    —

    486,402

    202

    —

    —

    —

    —

    202

    Conversion of related party promissory note to Class B-6s convertible preferred shares

    —

    —

    9,932,241

    4,418