Surf Air Mobility INC 8-K filings

Surf Air Mobility reported third-quarter results that surpassed revenue and adjusted EBITDA expectations and secured a $50 million term loan to support its transformation plan.

Surf Air Mobility has secured a $50 million term loan to restructure its balance sheet, lower its cost of capital, and fund its four-phase transformation plan.

Surf Air Mobility issued 1,270,869 shares of common stock to Palantir Technologies in exchange for $1.6 million worth of in-kind services.

Surf Air Mobility has received approval from the NYSE for its plan to regain compliance with listing standards, with a deadline set for November 20, 2025.

Surf Air Mobility has enacted a 1-for-7 reverse stock split and announced the resignation of a director, effective August 18, 2024.

Surf Air Mobility reported second-quarter revenue of $32.4 million, exceeding expectations, and achieved positive adjusted EBITDA in its regional airline operations.

Surf Air Mobility and Palantir Technologies have partnered to create Surf Air Technologies LLC, a joint venture focused on developing an AI-powered software platform for the advanced air mobility industry.

Surf Air Mobility has finalized a $35.2 million mandatory convertible security agreement with GEM Global Yield LLC, which includes the cancellation of previously issued shares and the restoration of a $400 million share subscription facility.

Surf Air Mobility filed an amended 8-K report to correct a tagging error, confirming the issuance of 4,856,727 shares to Palantir Technologies for $2 million in services.

Surf Air Mobility issued 4,856,727 shares of common stock to Palantir Technologies in exchange for $2 million worth of in-kind services.

Surf Air Mobility Inc. held its 2024 annual meeting where stockholders approved an amended equity incentive plan, the election of directors, the ratification of the company's auditor, and a reverse stock split.

Surf Air Mobility received a notice from the NYSE for failing to meet continued listing standards due to a low market capitalization and stockholders' deficit.

Surf Air Mobility has appointed Deanna White as Interim CEO and COO, replacing Stan Little, effective May 15, 2024.

Surf Air Mobility announced a 9.5% year-over-year pro forma revenue increase for Q1 2024, alongside a CEO transition and strategic review.

Surf Air Mobility received a notice from the NYSE for not meeting the minimum average closing share price requirement of $1.00 over a 30-day period.

Surf Air Mobility announced its full year 2023 financial results, exceeding revenue guidance and achieving adjusted EBITDA targets, while also highlighting key partnerships and technological advancements.

Surf Air Mobility has entered into a security purchase agreement with GEM Global Yield for a mandatory convertible security of up to $35.2 million, convertible into common stock.