Company: SRFM
Filing Date: 2025-04-01
Form Type: 424B5
Source: 0000950170-25-048087
Chunk: 14

Company: SURF AIR MOBILITY INC.
Filing Date: 2025-04-01
Form: 424B5
Chunk 14
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 offering will be approximately $600,000, which amount includes the placement agent’s commissions, fees and reimbursable expenses.

We have also agreed to issue to the placement agent warrants to purchase that number of shares of our common stock equal to 5.0% of the aggregate number of shares of common stock and shares underlying the pre-funded warrants placed in this offering. Such warrants will have a term of five (5) years from the commencement of sales in this offering and an exercise price equal to 125% of the offering price per share in this offering. The placement agent warrants and the shares of common stock issuable upon exercise of the placement agent warrants are being registered hereby.

The placement agent shall also be entitled to the foregoing cash compensation with respect to certain investors contacted or introduced to the Company by the placement agent during the term of the engagement letter that invest in any subsequent capital-raising transaction during the twelve-month period following the consummation of this offering. We have also granted the placement agent, subject to certain exceptions, a right of first refusal for a period of twelve (12) months following the closing of this offering to act as sole book-runner, sole manager, sole underwriter, sole placement agent or sole agent for every future public or private equity offering by us or any of our subsidiaries, subject to an exception.

We have agreed to indemnify the placement agent and specified other persons against certain liabilities relating to or arising out of the placement agent’s activities under the engagement letter agreement and to contribute to payments that the placement agent may be required to make in respect of such liabilities. In addition, we will indemnify the purchasers of shares of our common stock in this offering against liabilities arising out of or relating to (i) any breach of any of the representations, warranties, covenants or agreements made by us in the securities purchase agreement or related documents or (ii) any action instituted against a purchaser by a third party (other than a third party who is affiliated with such purchaser) with respect to the securities purchase agreement or related documents and the transactions contemplated thereby, subject to certain exceptions.

We, and our directors, officers, and certain shareholders, have agreed, subject to limited exceptions, for a period of 45 days after the closing date of this offering, not to offer, sell, contract to sell, pledge, grant any option to purchase, make any short sale or otherwise dispose of, directly or indirectly any shares of common stock or any securities convertible into or exchangeable for our common stock either owned as of the date thereof