Surf Air Mobility raises $5M in registered direct offering of common stock and pre-funded warrants

SURF AIR MOBILITY INC.

Sold 1,860,000 shares at $2.50/share and 140,000 pre-funded warrants at $2.4999 per warrant.
Gross proceeds of approximately $5 million; offering closed on April 1, 2025.
Placement agent H.C. Wainwright received warrants to buy 100,000 shares at $3.125.
Company agreed to a 45-day lock-up on further equity issuances after closing.

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