Surf Air Mobility Files 8-K for Shares Issued to Palantir

What Happened

• Surf Air Mobility Inc. (SRFM) filed a Form 8‑K on Sept. 30, 2026, reporting that it filed a prospectus supplement to its Form S‑3 registration statement (File No. 333-291485) to register the issuance of 4,644,922 shares of common stock.
• The 4,644,922 shares (par value $0.0001) were issued as consideration to Palantir Technologies Inc. for license fees and related professional services under Surf Air’s existing software license agreement. The company attached the legal opinion of its counsel, Gibson, Dunn & Crutcher LLP, as Exhibit 5.1.

Key Details

• 4,644,922 common shares registered and issued.
• Par value of the shares: $0.0001 per share.
• Recipient: Palantir Technologies Inc., as payment for license fees and related professional services under an existing software license agreement.
• Legal opinion from Gibson, Dunn & Crutcher LLP filed as Exhibit 5.1 and incorporated by reference.

Why It Matters

• This was a non‑cash payment: Surf Air used equity (common stock) rather than cash to pay Palantir for software/license services, which can reduce near‑term cash outflows but increases the company’s outstanding shares.
• Issuing 4.6 million shares may have a modest dilutive effect on existing shareholders; investors should monitor future filings for updates to total shares outstanding and any related financial disclosure (expense recognition or changes to agreements).
• The included legal opinion is standard for registering issued shares and supports the company’s compliance with SEC registration requirements.