SURF AIR MOBILITY INC. (SRFM)
CIK 1936224 · all EDGAR filings →
Same rating bands the category standard uses, but free, with the formula on the chip and the gaps in the data said out loud.
Shares outstanding over time
Latest: 100.4M shares as of May 8, 2026 (10-Q). Share count fell from 89.8M to 15.5M between Aug 9, 2024 and Nov 8, 2024, a pattern consistent with a reverse split (roughly 1-for-6); simultaneous issuance can skew the raw ratio, so confirm in the filings. The red bar marks the cliff.
Cash runway
Going-concern warning
auditor flagged substantial doubt
The company itself flagged going-concern doubt in a filing.
Full breakdown: cash runway tool · source filing →
Warrants
| Tranche | Warrants | Exercise price | Term | Notes |
|---|---|---|---|---|
| Pre Funded Warrants | 926,668 | not tagged | — | — |
| A Warrants | 710,294 | $1.2555 | — | — |
| B Warrants | 617,647 | $1.674 | — | — |
Tranches exactly as the company dimensioned them in its 10-Q filed Aug 10, 2026 →. Groupings can overlap (a “Series E and F” row is not additive with a “Series E” row), so do not sum this column. A tranche the filer did not tag is absent here, not absent from the cap table. DOWN-ROUND = the filer tagged price-protection accounting scoped to that tranche.
No warrant figures tagged in this filer’s XBRL facts. That means the company has not reported them in structured form; it does not prove no warrants exist. The exhibits are the ground truth.
Convertible notes
| Note | Principal | Carrying | Conv. price | Rate | If converted |
|---|---|---|---|---|---|
| New Senior Secured Convertible Note Due 2027 | $16.9M | — | $1.116 | — | ~15.1M sh |
| Senior Unsecured Convertible Promissory Note | $1.0M | — | not tagged | — | — |
| New Convertible Note | $100,000 | $49.9M | not tagged | — | — |
If every note above converted at its tagged price: ~15.1M new shares on 100.4M currently outstanding. An estimate from principal ÷ conversion price, with inputs carrying different as-of dates; make-whole adjustments, capped calls and partial repurchases are not modeled.
Notes exactly as the company dimensioned them in its 10-Q filed Aug 10, 2026 →. Principal is face amount as tagged, not what remains after repurchases unless the filer updated the tag. A note the filer did not dimension is absent here, not absent from the balance sheet; the exhibits stay the ground truth.
Fully diluted build-up
Shares outstanding plus every potential-share instrument the filer tagged in XBRL, each at its own as-of date. An estimate assembled from filed figures, not a filing figure itself.
| Shares outstanding | 100.4M | May 8, 2026 |
| + Pre Funded Warrants (if exercised) | 926,668 | Jun 25, 2025 |
| + A Warrants (if exercised) | 710,294 | Jun 30, 2026 |
| + B Warrants (if exercised) | 617,647 | Jun 30, 2026 |
| + New Senior Secured Convertible Note Due 2027 (if fully converted) | 15.1M | Jun 30, 2026 |
| Fully diluted estimate | 117.8M | +17.3% vs O/S |
Still excluded, because the filer does not tag them in countable form: employee options and RSUs, any instrument living only in exhibit prose, and instruments above missing a share count. Inputs carry different as-of dates, shown per row. Each figure traces to the tranche and note tables above and their cited filings.
Registrations and offerings
Registered offering capacity on live registrations: $12.4Mfrom the structured fee exhibits; registered is not remaining, takedowns are not subtracted
Last 12 months: 8 executed · 5 registered.
Full history and shelf status: offering checker · S-3 shelf checker
Source: SEC EDGAR XBRL company facts and filing metadata, fetched live and cached briefly. Share counts are cover-page figures with their form named. Warrant tranches and convertible notes come from the dimensioned facts in the latest 10-Q/10-K instance document, exactly as the company tagged them; untagged tranches and notes are absent, not disproven. Nothing on this page is manually verified and nothing is behind a login: what free data supports is shown, what it cannot support is stated. Not investment advice.
Keep going: float checker · offering calendar · short-squeeze screener · full SRFM workspace