Every 424B that Surf Air Mobility Inc. (SRFM) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow SRFM and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SRFM filings page.
Surf Air Mobility Inc. is registering 4,761,905 shares of common stock to be issued to Palantir Technologies Inc. as consideration under a software license agreement. Delivery of the shares is expected on or about June 24, 2026. The company states it will receive no cash proceeds from the issuance and that the registration satisfies a contractual obligation. The prospectus supplement reports shares outstanding of 106,232,689 as of June 23, 2026 and lists various equity instruments outstanding, including stock options, RSUs, warrants, and reserved plan shares with their counts and exercise price summaries.
Surf Air Mobility Inc. is offering 13,575,534 shares of common stock under a prospectus supplement, including 13,318,181 shares to institutional investors at $1.10 per share and 257,353 shares to certain directors and officers at $1.36 per share. Delivery is expected on or about April 21, 2026. Net proceeds are estimated at approximately $14.5 million to be used to accelerate SurfOS and electrification initiatives and/or repay liabilities. The prospectus supplement also discloses a separate secured promissory Note facility of up to $15 million with a 12.5% annual interest rate and a $1.5 million origination fee, payable in cash or common stock at a stated share valuation.
Surf Air Mobility Inc. is registering 3,975,901 shares of common stock issuable upon exercise of outstanding warrants.
Each warrant is exercisable at $3.32 per share and expires on the second anniversary of its November 12, 2025 issuance. If all warrants are exercised for cash, Surf Air Mobility would receive approximately $13.2 million, which it expects to use for repayment of indebtedness and general corporate purposes. Common stock outstanding was 63,223,450 shares as of November 20, 2025, so full warrant exercise would increase the share count and dilute existing holders.
The last reported NYSE price of the stock was $2.07 per share on November 21, 2025, below the warrant exercise price, and the supplement highlights that investors exercising warrants face immediate dilution because the effective offering price is substantially higher than the company’s net tangible book value per share.
Surf Air Mobility (SRFM) launched a registered direct offering of 3,975,901 common shares at $3.32 per share with accompanying warrants to purchase up to 3,975,901 shares, and is registering the issuance of 1,000,000 shares to Palantir as consideration for services. The warrants are immediately exercisable at $3.32, expire in two years, and start as cashless exercise. The company concurrently arranged exempt offerings of 2,048,195 shares with private placement warrants and senior secured convertible notes due 2028 with $74.0 million principal (sold at 87.8%).
Estimated net proceeds are about $10 million from the registered direct offering, $58.8 million from the notes, and $10 million from the concurrent private placement, with approximately $6.2 million in total offering expenses. The company plans to fund separately capitalized subsidiaries and repay debt, including approximately $50.6 million on a credit agreement, $8.0 million on a convertible note, and $0.5 million on a mandatory convertible security. No cash proceeds are received from the Palantir share issuance.
The notes initially convert at 251.0040 shares per $1,000 principal (about $3.984 per share) and mature on October 31, 2028. Closings for the registered direct and concurrent offerings are contingent on each other. Shares outstanding were 52,266,051 as of November 7, 2025; the company projects 59,290,147 after these transactions, excluding warrant exercises and note conversions.
Surf Air Mobility (SRFM) launched a preliminary registered direct offering of common stock with accompanying warrants. The warrants are exercisable immediately, carry a two-year term, and are initially cashless, with potential cash exercise if conditions are met. The company also plans to issue common stock to Palantir as consideration under an existing license agreement and expects to deliver up to 900,000 additional shares on an unregistered basis on November 12, 2025, representing a total payment of approximately $6,000,000.
Concurrently, SRFM arranged exempt offerings: a private placement of common stock and warrants and senior secured convertible notes due 2028 with $74.0 million principal, sold at 87.8% for $65 million before expenses. The company estimates net proceeds of about $58.8 million from the notes. Each of the registered direct and concurrent offerings is contingent on the others, but neither is contingent on the Palantir issuance.
Proceeds are earmarked to fund subsidiaries and repay debt: approximately $50.6 million under a Comvest credit agreement, $8.0 million under a PFG convertible note, and $0.5 million under a GEM mandatory convertible security. A $30,000,000 standby letter of credit will backstop the notes; Park Lane will receive 2,025,000 shares as consideration. As context, shares outstanding were 52,266,051 as of November 7, 2025, and the NYSE last sale price was $3.32 per share on that date.