SURF AIR MOBILITY INC.

For the period ended Mar 31, 2025. Filed May 13, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2025 · Filed May 13, 2025

SRFM$0.70+0.4%Stored close · as of Nov 9, 2026

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Contents

Unaudited Condensed Consolidated Statement of Changes in Shareholders’ Deficit

(in thousands, except share data)

	Stockholders’ Equity (Deficit)
	Common Stock
	Number ofShares	Amount	Additional Paid-In Capital	AccumulatedDeficit	Total Shareholders' Deficit
Balance at December 31, 2023	10,878,634	$1	$525,049	$(602,535)	$(77,485)
Issuance of common stock related to restricted shares	44,436	—	—	—	—
Issuance of common stock under software license agreement	578,868	—	4,000	—	4,000
Issuance of common stock under marketing agreement	6,469	—	50	—	50
Issuance of common shares under Share Purchase Agreement	194,049	—	1,456	—	1,456
Stock-based compensation expense	—	—	2,643	—	2,643
Net loss	—	—	—	(36,965)	(36,965)
Balance at March 31, 2024	11,702,455	$1	$533,198	$(639,500)	$(106,301)

	Stockholders’ Equity (Deficit)
	Common Stock
	Number ofShares	Amount	Additional Paid-In Capital	AccumulatedDeficit	Total Shareholders' Deficit
Balance at December 31, 2024	16,933,692	$2	$557,444	$(677,443)	$(119,997)
Issuance of common stock related to restricted shares	20,554	—	—	—	—
Issuance of common shares under software license agreement	244,011	—	947	—	947
Stock-based compensation expense	—	—	1,879	—	1,879
Net loss	—	—	—	(18,466)	(18,466)
Balance at March 31, 2025	17,198,257	$2	$560,270	$(695,909)	$(135,637)

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.