SURF AIR MOBILITY INC. (SRFM) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
SRFM currently has 100M outstanding shares. with significant dilution risk as 67.5M authorized shares could dilute existing holders by 67.2%. The company has significantly diluted shareholders by 294.82% over the past 2 years, indicating aggressive capital raising. Recent corporate actions include 1 stock split (positive for accessibility) and 1 reverse split (concerning signal).
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| May 11, 2026 |
10-Q filing | 100.4M shares outstanding |
100M | 68M |
| Nov 12, 2025 |
10-Q filing | 52.3M shares outstanding |
52M | 68M |
| Nov 12, 2025 |
8-K filing: Surf Air Mobility, Inc. completed a registered direct offering and a private placement, issuing shares of common stock, warrants, and senior secured convertible notes, raising approximately $85 million in gross proceeds. |
52M | 68M |
| Aug 12, 2025 |
10-Q filing | 42.8M shares outstanding |
43M | 68M |
| Jun 26, 2025 |
8-K filing: Surf Air Mobility, Inc. completed a registered direct offering of 10,800,002 shares of common stock at $2.50 per share, resulting in gross proceeds of approximately $27 million. ($27.0M proceeds) |
34M | 68M |
| May 13, 2025 |
10-Q filing | 19.3M shares outstanding |
19M | 68M |
| May 02, 2025 |
POS AM filing: This is a POS AM filing to register the resale of up to 3,421,007 shares of common stock by a selling stockholder. |
16M | 68M |
| Apr 29, 2025 |
S-3 filing: Registration of resale of up to 3,421,007 shares of common stock by a selling stockholder. |
16M | 69M |
| Apr 29, 2025 |
S-3 filing: Registration of the resale of up to 4,139,398 shares of common stock by the Selling Stockholder, including shares currently outstanding and shares issuable upon exercise of outstanding warrants. |
16M | 69M |
| Apr 01, 2025 |
8-K filing: Surf Air Mobility, Inc. closed a registered direct offering of 1,860,000 shares of common stock at $2.50 per share and pre-funded warrants to purchase up to 140,000 shares at $2.4999, resulting in gross proceeds of approximately $5 million before deducting fees. ($5.0M proceeds) |
16M | 61M |
| Mar 28, 2025 |
8-K filing: Surf Air Mobility Inc. issued and sold 244,011 shares of common stock to Palantir Technologies Inc. for in-kind services worth approximately $0.9 million on March 25, 2025. ($0.0M proceeds) |
16M | 61M |
| Mar 21, 2025 |
10-K filing | 16.9M shares outstanding |
17M | 61M |
| Mar 21, 2025 |
S-3/A filing: Surf Air Mobility Inc. is offering shares of common stock, preferred stock and debt securities from time to time, with an aggregate initial offering price not exceeding $50,000,000. |
16M | 61M |
| Feb 11, 2025 |
S-3 filing: Surf Air Mobility Inc. is offering common stock, preferred stock, and debt securities up to an aggregate initial offering price of $50,000,000 from time to time. |
16M | 58M |
| Dec 11, 2024 |
8-K filing: Surf Air Mobility Inc. issued and sold 446,830 shares of its common stock to Palantir Technologies Inc. for in-kind services valued at approximately $2.0 million on December 9, 2024. ($2.0M proceeds) |
16M | 48M |
| Nov 14, 2024 |
10-Q filing | 15.5M shares outstanding |
16M | 48M |
| Oct 08, 2024 |
8-K filing: Surf Air Mobility Inc. issued 1,270,869 shares of its common stock to Palantir Technologies Inc. for in-kind services worth $1.6 million on October 2, 2024. ($1.6M proceeds) |
13M | 48M |
| Aug 19, 2024 |
Stock Split
8-K filing: Stock split 1-for-7 | Outstanding: 81,890,955 → 12,826,529 |
13M | 48M |
| Aug 14, 2024 |
S-1/A filing: Registration of resale by Selling Stockholder of up to 10,663,956 shares of Common Stock currently outstanding. |
90M | 340M |
| Aug 14, 2024 |
POS AM filing: This prospectus relates to the registration of the resale of up to 1,983,333 shares of Common Stock by the Selling Stockholders. |
90M | 340M |
| Aug 14, 2024 |
10-Q filing | 81.9M shares outstanding |
82M | 340M |
| Aug 09, 2024 |
8-K filing: Surf Air Mobility Inc. completed a private placement with GEM Global Yield LLC SCS, issuing a mandatory convertible security with a par amount of $35,200,000, and GEM delivered to the Company 6,300,000 Common Shares that it had purchased from the Company. |
88M | 330M |
| Aug 01, 2024 |
S-1/A filing: Registration of the resale by a stockholder of up to 325,000,000 shares of common stock. |
88M | 330M |
| Jul 11, 2024 |
S-1/A filing: This prospectus relates to the registration of the resale by our stockholder identified in this prospectus of up to 325,000,000 shares of our common stock. |
87M | 330M |
| Jul 05, 2024 |
8-K filing: Surf Air Mobility Inc. issued and sold 4,856,727 shares of its common stock to Palantir Technologies Inc. for in-kind services valued at $2 million on June 27, 2024. ($2.0M proceeds) |
83M | 330M |
| Jun 04, 2024 |
POS AM filing: This prospectus relates to the registration of the resale of up to 1,983,333 shares of our Common Stock by our stockholders identified in this prospectus |
83M | 330M |
| Jun 04, 2024 |
S-1 filing: This S-1 filing relates to the registration of the resale of up to 325,000,000 shares of common stock by the selling stockholder. |
83M | 330M |
| Jun 04, 2024 |
POS AM filing: This POS AM filing by Surf Air Mobility Inc. removes from registration any unsold shares of Common Stock registered under the Registration Statement as of June 3, 2024. |
77M | 330M |
| Jun 04, 2024 |
POS AM filing: This POS AM filing by Surf Air Mobility Inc. removes unsold shares of Common Stock registered under a previous Registration Statement from registration. |
77M | 330M |
| Jun 04, 2024 |
S-1 filing: Registration of resale by selling stockholder of up to 5,807,229 shares of common stock. |
83M | 330M |
| May 15, 2024 |
10-Q filing | 77.3M shares outstanding |
77M | 330M |
| Mar 29, 2024 |
10-K filing | 80.8M shares outstanding |
81M | 330M |
| Mar 06, 2024 |
8-K filing: Surf Air Mobility, Inc. entered into a security purchase agreement with GEM Global Yield LLC SCS to issue and sell a mandatory convertible security convertible into a maximum of 8,000,000 shares of common stock. |
74M | 330M |
| Nov 14, 2023 |
10-Q filing | 73.6M shares outstanding |
74M | 330M |
| Nov 09, 2023 |
S-1 filing: This S-1 filing registers the resale of up to 300,000,000 shares of common stock by a selling stockholder, to be issued to GEM in connection with a Share Subscription Facility. |
73M | 330M |
| Sep 28, 2023 |
S-1/A filing: This prospectus relates to the registration of the resale of up to 1,983,333 shares of our Common Stock by our stockholders identified in this prospectus. |
70M | 27M |
| Sep 27, 2023 |
S-1/A filing: This S-1/A filing registers the resale of up to 25,000,000 shares of common stock by a selling stockholder. |
70M | 27M |
| Sep 19, 2023 |
8-K filing: Surf Air Mobility Inc. amended its Share Subscription Facility with GEM Global Yield LLC SCS and GEM Yield Bahamas Limited, allowing for committed draw downs up to $100,000,000, and issued 4,000,000 shares to the Purchaser as a commitment fee. |
70M | 27M |
| Sep 19, 2023 |
S-1 filing: This S-1 filing registers the resale of up to 25,000,000 shares of common stock by a selling stockholder. |
70M | 27M |
| Sep 19, 2023 |
S-1 filing: This prospectus relates to the registration of the resale of up to 1,983,333 shares of Surf Air Mobility Inc.'s Common Stock by its stockholders. |
70M | 27M |
| Aug 29, 2023 |
10-Q filing | 69.9M shares outstanding |
70M | 0 |
| Aug 21, 2023 |
POS AM filing: This is a post-effective amendment to the registration statement on Forms S-1 and S-4 (File No. 333-272403), which was declared effective on July 25, 2023. |
70M | 0 |
| Aug 02, 2023 |
8-K filing: The company issued 17,365,357 shares of Company Common Stock on July 27, 2023, to various SAFE investors in connection with the settlement of various SAFEs. |
70M | 0 |
| Jul 21, 2023 |
S-1/A filing: This is an S-1/A filing containing a registered resale prospectus. The filing includes updates to the plan of distribution, use of proceeds, legal matters and comparison of stockholders rights. |
N/A | 0 |