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Surf Air Mobility Inc. Common Stock (SRFM)

4.8800
-0.2300 (-4.50%)
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Surf Air Mobility Publishes Video on Company’s Strategy, Transformation Plan and Growth Opportunities
January 29,
Via PressReach · January 29, 2025
Surf Air Mobility Publishes Video on Company’s Strategy, Transformation Plan and Growth Opportunities
Surf Air Mobility Inc. (NYSESRFM) (the “Company” or “Surf Air Mobility”), a leading regional air mobility platform, today published the first presentation in a new video series on the company’s business plan and operations. This first video, narrated by the Company’s Chief Financial Officer, Oliver Reeves, provides greater detail on the Company’s Transformation Plan and growth opportunities in both its Air Mobility and Air Technology businesses.
By Surf Air Mobility Inc. · Via Business Wire · January 29, 2025
Surf Air Mobility Announces Open Market Purchases of Company Stock by Board Members
Surf Air Mobility Inc. (NYSESRFM) (“the Company”,“Surf Air”), a leading regional air mobility platform, announced that Chairman of the Board, Carl Albert, and Co-Founder and Member of the Board, Sudhin Shahani, purchased 14,500 shares and 17,237 shares, respectively, of the Company’s common stock, for an aggregate purchase price of approximately $110,000, in open market transactions.
By Surf Air Mobility Inc. · Via Business Wire · December 27, 2024
Surf Air Mobility Appoints David Anderman to Board of Directors
Surf Air Mobility Inc. (NYSESRFM) (“the Company”,“Surf Air”), a leading regional air mobility platform, announced the appointment of David Anderman to the Company’s board of directors effective December 17, 2024. Mr. Anderman served as Chief Legal Officer of Surf Air from June 2023 to May 2024.
By Surf Air Mobility Inc. · Via Business Wire · December 19, 2024
Surf Air Mobility Announces Approximately 90% Reduction to Contemplated Future Equity Dilution
December 12,
Via PressReach · December 12, 2024
Surf Air Mobility Announces Approximately 90% Reduction to Contemplated Future Equity Dilution
Surf Air Mobility Inc. (NYSESRFM) (the “Company” or “Surf Air”), a leading regional air mobility platform, announced today that it anticipates reducing potential future equity dilution by approximately 90%. As part of its new financing strategy, with increased reliance on debt versus equity financing, the Company plans to amend the registration statement associated with its share subscription facility with GEM Global Yield LLC (“GEM”). The anticipated amendment, which will require Securities Exchange Commission review, will reflect the Company’s plan to significantly reduce its use of the equity backed GEM facility by reducing the number of shares registered by approximately 35.6 million shares.
By Surf Air Mobility Inc. · Via Business Wire · December 12, 2024
Deanna White Appointed as Surf Air Mobility’s Chief Executive Officer
Surf Air Mobility Inc. (NYSESRFM) (“the Company”, “Surf Air”), a leading regional air mobility platform, announced today it has appointed Deanna White to the position of Chief Executive Officer & Chief Operating Officer, after having served as the Company’s Interim CEO & COO since May 2024. Ms. White also previously served as Surf Air Mobility’s Chief Financial Officer from May 2022 to December 2023.
By Surf Air Mobility Inc. · Via Business Wire · December 10, 2024
Surf Air Mobility Accepts Delivery of Initial Four Cessna Grand Caravan EX Aircraft in Fleet Order from Textron Aviation
Surf Air Mobility Inc. (NYSESRFM) (“Surf Air”), a leading regional air mobility platform, announced today it has taken delivery of four Cessna Grand Caravan EX turboprop aircraft from Textron Aviation. These four aircraft are the first deliveries of Surf Air’s previously announced fleet order with Textron Aviation. Surf Air is financing two of these aircraft through operating leases with ITC-AeroLeasing, Inc., an existing aircraft financing partner for Surf Air and a leading independent Japanese aircraft leasing and sales company serving the international general and business aviation communities.
By Surf Air Mobility Inc. · Via Business Wire · December 5, 2024
Surf Air Mobility Unveils Four-Phase Transformation Plan and Updated Investor Presentation
Surf Air Mobility Inc. (NYSESRFM) (“the Company”,“Surf Air”), a leading regional air mobility platform, announced last week its four-phase Transformation Plan and a $50 million term loan that positions the Company to achieve profitability in its airline operations.
By Surf Air Mobility Inc. · Via Business Wire · November 21, 2024
Surf Air Mobility Reports Third Quarter Financial Results, Exceeding Revenue and Adjusted EBITDA Expectations
Surf Air Mobility Inc. (NYSESRFM) (the “Company”), a leading regional air mobility platform, today reported financial results for the third quarter ended September 30,
Via PressReach · November 15, 2024
Surf Air Mobility Reports Third Quarter Financial Results, Exceeding Revenue and Adjusted EBITDA Expectations
Surf Air Mobility Inc. (NYSESRFM) (the “Company”), a leading regional air mobility platform, today reported financial results for the third quarter ended September 30, 2024.
By Surf Air Mobility Inc. · Via Business Wire · November 14, 2024
Surf Air Mobility Secures $50 Million Financing to Fund Transformation Plan and Path to Profitability
Surf Air Mobility Inc. (NYSESRFM) (“the Company”), a leading regional air mobility platform, today announced the closing and funding of its new Senior Secured Term Loan from
Via PressReach · November 14, 2024
Surf Air Mobility Secures $50 Million Financing to Fund Transformation Plan and Path to Profitability
Surf Air Mobility Inc. (NYSESRFM) (“the Company”), a leading regional air mobility platform, today announced the closing and funding of its new Senior Secured Term Loan from Comvest Partners, a multi-billion-dollar investment management firm. The new facility is comprised of (i) a $44.5 million term loan, which was fully funded today, and (ii) a $5.5 million delayed draw term loan to be used for interest payments over the first 18 months.
By Surf Air Mobility Inc. · Via Business Wire · November 14, 2024
Surf Air Mobility to Announce Third Quarter 2024 Financial Results on November 14, 2024
Surf Air Mobility Inc. (NYSESRFM), a leading regional air mobility platform, today announced that it will release its third quarter 2024 financial results after market close on Thursday, November 14, 2024, and will host a webcast at 5:00 pm ET the same day.
By Surf Air Mobility Inc. · Via Business Wire · October 31, 2024
Surf Air Mobility Announces NYSE Acceptance of Plan to Regain Listing Compliance
Surf Air Mobility Inc. (NYSESRFM), a leading regional air mobility platform, today announced that it received an Acceptance Letter from the NYSE’s Listings Operations Committee, dated August 20, 2024, stating that the NYSE has accepted the Company’s previously submitted plan to regain compliance with the NYSE’s listing standards. In the Acceptance Letter, the NYSE confirmed that the Company has until November 20, 2025 to regain compliance with the continued listing standards.
By Surf Air Mobility Inc. · Via Business Wire · August 21, 2024
Surf Air Mobility Reports Second Quarter Financial Results, Exceeding Expectations
Revenue of $32.4 million, up 13.2% Year-Over-Year on a Pro Forma Basis, Exceeding Expectations Adjusted EBITDA Loss of $11.8 million as Compared with a Loss of $11.1 Million on a Pro Forma Basis in the Prior Year, Materially Outperforming Expectations LOS ANGELES, August 14, 2024–Surf Air Mobility Inc. (NYSESRFM), a leading regional air mobility platform, … Continue reading "Surf Air Mobility Reports Second Quarter Financial Results, Exceeding Expectations"
Via PressReach · August 15, 2024
Surf Air Mobility Reports Second Quarter Financial Results, Exceeding Expectations
Surf Air Mobility Inc. (NYSESRFM), a leading regional air mobility platform, today reported financial results for the second quarter ended June 30, 2024.
By Surf Air Mobility Inc. · Via Business Wire · August 14, 2024
Surf Air Mobility Announces Plan to Form New Venture, Surf Air Technologies LLC, and Enters Agreement with Palantir Technologies Inc. to Power Operating System for the Advanced Air Mobility Industry
The companies have been working together since 2021 deploying operator software used by Surf Air Mobility. Surf Air will leverage Palantir’s AIP to build a unique and transformative set of software tools for regional air operators and electrified aircraft OEMs. LOS ANGELES, August 13, 2024–Surf Air Mobility (NYSESRFM) (“Surf Air Mobility”, “Surf Air”), a leading … Continue reading "Surf Air Mobility Announces Plan to Form New Venture, Surf Air Technologies LLC, and Enters Agreement with Palantir Technologies Inc. to Power Operating System for the Advanced Air Mobility Industry"
Via PressReach · August 13, 2024
Surf Air Mobility Announces Plan to Form New Venture, Surf Air Technologies LLC, and Enters Agreement with Palantir Technologies Inc. to Power Operating System for the Advanced Air Mobility Industry
Surf Air Mobility (NYSESRFM) (“Surf Air Mobility”, “Surf Air”), a leading regional air mobility platform, has announced that it intends to form Surf Air Technologies LLC (“Surf Air Technologies”), a new venture that will develop, market, and sell AI-powered software tools to create a category-defining operating system for the advanced air mobility industry. Surf Air Technologies’ core platform, “SurfOS”, will be powered by Palantir Technologies NYSE: PLTRNYSEPLTR)
By Surf Air Mobility Inc. · Via Business Wire · August 13, 2024
Surf Air Mobility Announces Terms of Reverse Stock Split
Surf Air Mobility Inc. (NYSESRFM) (“Surf Air Mobility,” “we,” or “the Company”) announced today the terms of the Company’s previously disclosed reverse stock split (the “Reverse Split”).
By Surf Air Mobility Inc. · Via Business Wire · August 9, 2024
Surf Air Mobility Announces Closing of $35.2 Million Mandatory Convertible Security with GEM Global Yield LLC
Parties Agree to Cancel Previously Issued Shares, Restrict Sales, Provide for Redemption Rights, and Restore Capacity Under $400 Million Share Subscription Facility LOS ANGELES, August 09, 2024–Surf Air Mobility Inc. (NYSESRFM) (the “Company”), a leading regional air mobility platform, today announced that it closed the previously announced issuance and sale to GEM of a mandatory … Continue reading "Surf Air Mobility Announces Closing of $35.2 Million Mandatory Convertible Security with GEM Global Yield LLC"
Via PressReach · August 9, 2024
Surf Air Mobility Announces Closing of $35.2 Million Mandatory Convertible Security with GEM Global Yield LLC
Surf Air Mobility Inc. (NYSESRFM) (the “Company”), a leading regional air mobility platform, today announced that it closed the previously announced issuance and sale to GEM of a mandatory convertible security (the “Security”). The Security has a par amount of $35.2 million and is convertible into a maximum of 8,000,000 shares of the Company’s common stock.
By Surf Air Mobility Inc. · Via Business Wire · August 9, 2024
Surf Air Mobility to Provide Second Quarter 2024 Financial Results on August 14, 2024
LOS ANGELES, August 06, 2024–Surf Air Mobility Inc. (NYSESRFM), a leading regional air mobility platform, today announced that it will release its second quarter 2024 financial results after market close on Wednesday, August 14, 2024, and will host a webcast at 5:00 pm ET the same day. Interested parties can register in advance to listen … Continue reading "Surf Air Mobility to Provide Second Quarter 2024 Financial Results on August 14, 2024"
Via PressReach · August 7, 2024
Surf Air Mobility to Provide Second Quarter 2024 Financial Results on August 14, 2024
Surf Air Mobility Inc. (NYSESRFM), a leading regional air mobility platform, today announced that it will release its second quarter 2024 financial results after market close on Wednesday, August 14, 2024, and will host a webcast at 5:00 pm ET the same day.
By Surf Air Mobility Inc. · Via Business Wire · August 6, 2024
Surf Air Mobility Enters Agreement to Supply Electric Powertrains to Asta, a Brazilian Cessna Caravan Operator
Asta to upgrade up to 4 of their Cessna Grand Caravan fleet with Surf Air’s electrified powertrains to lower emissions and reduce direct operating costs Partnership aims to contribute to development and implementation of electrification innovations in the Brazilian airline sector LOS ANGELES, June 11, 2024–Surf Air Mobility Inc. (NYSESRFM) (“Surf Air Mobility”, “Surf Air”), … Continue reading "Surf Air Mobility Enters Agreement to Supply Electric Powertrains to Asta, a Brazilian Cessna Caravan Operator"
Via PressReach · July 2, 2024