SCHEDULE: CVI Investments and Heights Capital Management Disclose 9.2% Stake in Surf Air Mobility Inc.
Beneficial Ownership Disclosure
CVI Investments, Inc. and Heights Capital Management, Inc. have jointly disclosed a beneficial ownership of 9.2% in Surf Air Mobility Inc., totaling 3.1 million shares.
Summary
- CVI Investments, Inc. and Heights Capital Management, Inc. are the reporting persons for this Schedule 13G filing concerning Surf Air Mobility Inc.'s common stock.
- The reporting persons collectively beneficially own 3,100,000 shares of Surf Air Mobility Inc. common stock.
- This ownership represents 9.2% of the total class of securities outstanding.
- Both CVI Investments, Inc. and Heights Capital Management, Inc. hold shared voting power and shared dispositive power over all 3,100,000 shares.
- Heights Capital Management, Inc. serves as the investment manager to CVI Investments, Inc. and may exercise voting and dispositive power over the reported shares.
- As of the completion of a recent offering, Surf Air Mobility Inc. had 33,712,011 shares outstanding, excluding shares underlying warrants.
Sentiment
Score: 6
Explanation: The disclosure of a significant institutional stake by CVI Investments, Inc. and Heights Capital Management, Inc. in Surf Air Mobility Inc. is generally viewed as a positive indicator of investor confidence, although the filing itself is a routine compliance document.
Positives
- The disclosure of a significant institutional stake (9.2%) by CVI Investments, Inc. and Heights Capital Management, Inc. could be viewed as a positive signal of investor confidence in Surf Air Mobility Inc.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Shareholders: The disclosure of a significant institutional investor can influence market perception and potentially share price.
Key Dates
| Date | Description |
|---|---|
| 2015-07-16 | Limited Power of Attorney given by CVI Investments, Inc. to Heights Capital Management, Inc. |
| 2025-03-26 | Date of Surf Air Mobility Inc.'s Prospectus (Registration No. 333-284845). |
| 2025-06-25 | Date of event which required the filing of this Schedule 13G statement (ownership threshold crossed). |
| 2025-06-26 | Date Surf Air Mobility Inc.'s Prospectus Supplement was filed. |
| 2025-07-01 | Date of Schedule 13G filing and Joint Filing Agreement. |
Keywords
Surf Air Mobility Inc., CVI Investments, Heights Capital Management, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investment, Equity Stake, SEC Filing
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.