Company: SRFM
Filing Date: 2025-11-12
Form Type: 424B5
Source: 0001193125-25-275795
Chunk: 26

Company: SURF AIR MOBILITY INC.
Filing Date: 2025-11-12
Form: 424B5
Chunk 26
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 letter of credit.

On the closing date for the Registered Direct Offering and the Concurrent Offerings, the Company expects to enter into an amendment to its existing Reimbursement Agreement to add the Letter of Credit to the scope of the Reimbursement Agreement. If the Letter of Credit is drawn upon, the Company will be required to reimburse Park Lane for the drawn amount of the letter of credit and pay interest to Park Lane at 15.00% per annum on such drawn amounts (subject to increase in the event of default). The Company is separately obligated to pay a fee of 1.00% per annum to Park Lane on the outstanding principal amount of the backstop letter of credit. In the event the Company raises capital in certain equity offerings, a portion of the net cash proceeds from such equity offerings is required to be remitted to Park Lane to be held in trust in accordance with the Reimbursement Agreement. The obligations under the Reimbursement Agreement are guaranteed by certain of the Company’s subsidiaries, and subject to a security interest on assets of the Company and the subsidiary guarantors, subject to certain exceptions. The Reimbursement

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Agreement contains certain representations and warranties, covenants and events of default.As consideration for Park Lane’s commitment to provide credit support for the Letter of Credit over a three year period, the Company will issue 2,025,000 shares of the Company’s common stock to Park Lane.

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PLAN OF DISTRIBUTION</div>

Registered Direct Offering

We have entered into securities purchase agreements in connection with the Registered Direct Offering.

We expect to deliver the shares of common stock and the accompanying warrants being offered pursuant to this prospectus supplement on or about November 12, 2025, subject to satisfaction of customary closing conditions.

Pursuant to the terms of the applicable securities purchase agreement, until the date on which the Notes no longer remain outstanding, upon any issuance, sale or exchange by the Company or any of its subsidiaries of any securities in a financing or other offering (each, a “Subsequent Placement”), the Notes Investor will have the right to participate in such Subsequent Placement up to an aggregate of 50% of the securities being offered on the same terms, conditions and price provided for in the Subsequent Placement.

We and our directors and officers have agreed, subject to limited exceptions, for a period of 90 calendar days after the effectiveness date of the registration statement registering the resale of the securities offered