Surf Air Mobility Secures Up To $12.2M Software Deal with Wheels Up
SRFM is trading near its 52-week low of $0.842 (7.9% above the low) on elevated volume (2.0× avg).
Summary
Surf Air Mobility's subsidiary signed a Master Subscription Agreement with Wheels Up for its Enterprise BrokerOS software, valued at up to $12.2 million over three years.
Key Events · M&A and Partnerships · SRFM
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Major Software Agreement Signed
Surf Air Technologies Inc., a wholly-owned subsidiary, entered into a Master Subscription Agreement with Wheels Up Experience Inc. for its Enterprise BrokerOS software.
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Significant Revenue Stream
The agreement is valued at $8.0 million over an initial two-year term, with an optional one-year extension for an additional $4.2 million, totaling up to $12.2 million.
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Strategic Validation
This partnership with Wheels Up, a leading private aviation company, validates Surf Air Mobility's software platform and provides a critical revenue boost amidst ongoing financial challenges and efforts to avoid delisting.
Analysis · SRFM · Energy & Transportation
This agreement provides a significant new revenue stream for Surf Air Mobility, totaling up to $12.2 million over three years. For a company facing 'going concern' doubts and actively seeking to improve its financial position and stock price, this contract with a major private aviation company like Wheels Up is a strong validation of its Enterprise BrokerOS software and a crucial step towards financial stability.
How filings like this one have moved
In the 30 days to Sep 16, 2026, 34.9% of the 1159 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.43%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, SRFM was trading at $0.91 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $84.5M. The 52-week trading range was $0.84 to $9.91. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.