SURF AIR MOBILITY INC. 8-K

What Happened
Surf Air Mobility Inc. (through its wholly owned subsidiary Surf Air Technologies Inc.) announced on June 22, 2026 that it entered into a Master Subscription Agreement (MSA) with Wheels Up Experience Inc. for the company’s Enterprise BrokerOS software. The agreement was disclosed in a press release furnished under Regulation FD on June 25, 2026.

Key Details

• The initial subscription term is two years; Wheels Up will pay $8.0 million, billed quarterly.
• There is an optional one-year extension for an additional $4.2 million, also payable quarterly.
• The MSA includes customary software service-level guarantees and termination rights.
• The press release describing the deal was furnished as Exhibit 99.1 to the 8-K.

Why It Matters
This is a commercial software subscription deal that represents a multi-million-dollar, multi-year revenue commitment for Surf Air Technologies, supporting recurring revenue growth for Surf Air Mobility. The agreement’s size and term provide near-term visibility into software-related revenue; service-level guarantees and termination rights outline performance and contract protections relevant to ongoing delivery and customer retention.