S-1 · resale registration
Issued 2024
Proposed maximum
Shares registered
- Filed
- Effective
SRFM$0.738+4.09%
Surf Air Mobility Inc.
Sector: Air Transportation, NonscheduledIndustry: Airlines, Airports & Air ServicesCountry: USExchange: NYSE
Mkt Cap:$98.04M
Float & O/S:
Inst Own:
DilutionScan read 31 of SURF AIR MOBILITY INC.'s SEC filings and found 14 warrant series, 8 convertibles, 1 equity line, 6 shelf registrations, 1 S-1 registration and 6 completed offerings on file for SRFM. The latest dilution event on file is a registration statement on Aug 21, 2026. Analysis updated Oct 7, 2026.
Signal8 Summary
SRFM
Going-concern warning with negative cash runway
Snapshot
Surf Air Mobility is a small, unprofitable air travel company in significant financial distress. FY 2025 revenue fell 11% to $106.6M, and the business lost $110.6M with a very thin gross margin of 3.9%.
What's Happening Right Now
- : Surf Air refinanced its debt to cut convertible principal by 64% and reduce monthly amortization payments from $4M to $2M.
- : Surf Air issued 4.76 million shares to Palantir Technologies to settle approximately $5 million in software licensing fees.
- : Wheels Up signed on as the launch customer for Surf Air's Enterprise BrokerOS software in a deal worth up to $12.2 million.
- : The company is seeking stockholder approval for a reverse stock split between 2:1 and 6:1 to maintain its NYSE listing.
Raise routes on file: effective shelf + active equity line · latest dilution event 74 days ago
Overall Risk
Offering Ability
Overhead Supply
Historical
Cash Need
AI dilution summary
The dominant contractual driver and its mechanism, then each further driver ranked.
Latest dilution event
Aug 21, 2026 · Registration
Every warrant, convertible, ATM and shelf, cited to the filing
A free account reads 3 tickers a day in full
$59/mo with 7 days free, or $49/mo billed yearly ($588/yr)
Share count and cash history
Shares outstanding, potential dilution and cash over time
Superseded
Warrant
Issued 2024
Shares Underlying
Exercise Price
Outstanding
- Type
- Anti-Dilution
- Cashless Exercise
- Expiration
Warrant
Shares Underlying
Exercise Price
Outstanding
- Type
- Anti-Dilution
- Cashless Exercise
- Expiration
November 2025 registered direct offering warrants
Issued 2025
Shares Underlying
Exercise Price
Outstanding
- Type
- Anti-Dilution
- Cashless Exercise
- Expiration
November 2025 private placement warrants
Issued 2025
Shares Underlying
Exercise Price
Outstanding
- Type
- Anti-Dilution
- Cashless Exercise
- Expiration
Tranche A warrants (June 30, 2026 Secured Debentures)
Issued 2026
Shares Underlying
Exercise Price
Outstanding
- Type
- Anti-Dilution
- Cashless Exercise
- Expiration
Tranche B warrants (June 30, 2026 Secured Debentures)
Issued 2026
Shares Underlying
Exercise Price
Outstanding
- Type
- Anti-Dilution
- Cashless Exercise
- Expiration
Convertible
Principal
Conversion Price
Remaining principal
- Shares on conversion
- Interest rate
- Maturity
Convertible
Principal
Conversion Price
Remaining principal
- Shares on conversion
- Interest rate
- Maturity
Convertible
Principal
Conversion Price
Remaining principal
- Shares on conversion
- Interest rate
- Maturity
Convertible
Principal
Conversion Price
Remaining principal
- Shares on conversion
- Interest rate
- Maturity
Convertible
Principal
Conversion Price
Remaining principal
- Shares on conversion
- Interest rate
- Maturity
Convertible
Principal
Conversion Price
Remaining principal
- Shares on conversion
- Interest rate
- Maturity
Equity line
Commitment
Sold to date
Remaining
- Agreement date
- Term ends
- Discount
S-3 shelf registration
Issued 2025
Total capacity
Remaining
- Filed
- Effective
- Expires
- Baby shelf
S-3 shelf registration
Issued 2026
Total capacity
Remaining
- Filed
- Effective
- Expires
- Baby shelf
S-3 shelf registration
Issued 2026
Total capacity
Remaining
- Filed
- Effective
- Expires
- Baby shelf
S-3 shelf registration
Issued 2025
Total capacity
Remaining
- Filed
- Effective
- Expires
- Baby shelf
S-3 shelf registration
Issued 2025
Total capacity
Remaining
- Filed
- Effective
- Expires
- Baby shelf
S-3 shelf registration (amended)
Issued 2025
Total capacity
Remaining
- Filed
- Effective
- Expires
- Baby shelf
Registered direct offering
Issued 2025
Gross proceeds
Price per share
- Shares issued
- Warrant coverage
- Placement agent
PIPE
Issued 2025
Gross proceeds
Price per share
- Shares issued
- Warrant coverage
- Placement agent
PIPE
Issued 2025
Gross proceeds
Price per share
- Shares issued
- Warrant coverage
- Placement agent
Registered direct offering
Issued 2026
Gross proceeds
Price per share
- Shares issued
- Warrant coverage
- Placement agent
Offering
Gross proceeds
Price per share
- Shares issued
- Warrant coverage
- Placement agent
Offering
Issued 2026
Gross proceeds
Price per share
- Shares issued
- Warrant coverage
- Placement agent
Know who's about to sell into your SRFM trade
Exercise prices, conversion terms, shelf headroom and the filing sentence behind every number.
$59/mo with 7 days free, or $49/mo billed yearly ($588/yr)
