Company: SRFM
Filing Date: 2025-11-17
Form Type: S-3/A
Source: 0001193125-25-283550
Chunk: 18

Company: SURF AIR MOBILITY INC.
Filing Date: 2025-11-17
Form: S-3/A
Chunk 18
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12, 2025. We are required to use commercially reasonable efforts to file a registration statement registering such resale within 100 days following the issuance date and to use commercially reasonable efforts to cause the applicable registration statement to become effective within 130 days following the issuance date.

No registration statement intended to satisfy such registration requirements has been filed with the SEC.We have obtained waivers from those parties where we have failed to satisfy such registration requirements.

The holder of the Note is entitled to certain customary rights with respect to the registration of the shares of common stock issuable upon conversion of the Note. The registration statement of which this prospectus forms a part is intended to satisfy such registration requirements.

Certain Foreign Ownership and Anti-Takeover Provisions of Delaware Law and our Amended and Restated Certificate of Incorporation and Amended and Restated Bylaws

Our Amended and Restated Certificate of Incorporation and Amended and Restated Bylaws provide that at no time shall more than 25.0% of our total voting interest be owned or controlled by Non-Citizens. Our Amended and Restated Certificate of Incorporation and Amended and Restated Bylaws implement this legally-required provision by limiting voting rights of Non-Citizens to the Permitted Holders in the event that Non-Citizens own (beneficially or of record) more than 25.0% of the total voting interest. All other Non-Citizens that own (beneficially or of record) or have voting control over any shares of our capital stock will have their voting rights subject to automatic suspension. The voting rights of the Permitted Holders will be reduced pro rata if their combined ownership percentage exceeds 25.0%. Additionally, our Amended and Restated Bylaws limit the amount of outstanding equity interests held by Non-Citizens who are a resident of a country that is not party to an “open-skies” agreement with the United States to 25.0% and all Non-Citizens collectively to 49.0%.

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We are subject to the provisions of Section 203 of the DGCL regulating corporate takeovers. This statute prevents certain Delaware corporations, under certain circumstances, from engaging in a “business combination” with:

a stockholder who owns 15% or more our outstanding voting stock (otherwise known as an “interested stockholder”);

an affiliate of an interested stockholder; or

an associate of an interested stockholder for three years following the date that the stockholder became