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SURF AIR MOBILITY (SRFM) SEC Filings

SRFM NYSE

Surf Air Mobility Inc. filings document material events, operating results, financing transactions, governance updates, and listing-status disclosures for a regional air mobility and aviation-technology company. Recent Form 8-K reports furnish quarterly and annual financial results, guidance, and updates related to the company’s scheduled airline, charter, SurfOS software, and electrification activities.

The company’s regulatory disclosures also cover securities purchase agreements, registered direct offerings under a shelf registration statement, private placements of common stock and warrants, senior secured convertible notes, and promissory note arrangements secured by aircraft-related collateral. Other filings address share issuances tied to software-license arrangements, board appointments and compensation matters, and NYSE continued-listing compliance.

Rhea-AI Summary

Surf Air Mobility Inc. reported that Chief Financial Officer Jason Benjamin Secore acquired 260,000 restricted stock units on October 2, 2026. Twenty-five percent vested on that date; the remaining 75% will vest in three equal annual installments beginning September 30, 2027, subject to his continued service through each applicable vesting date. Each RSU represents a contingent right to receive one common share upon vesting, with vested shares delivered on the date specified in the award agreement. The reported direct position following the transaction was 260,000 units, represented by RSUs.

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Rhea-AI Summary

Surf Air Mobility Inc. (SRFM) registered the issuance of 4,644,922 common shares, which it issued to Palantir Technologies Inc. as consideration for license fees and related professional services under their existing software license agreement. The company also provided its counsel Gibson, Dunn & Crutcher LLP’s legal opinion for incorporation into the registration statement.

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Rhea-AI Summary

Surf Air Mobility Inc. registers the issuance of 4,644,922 shares of common stock to Palantir Technologies Inc. at $0.97 per share as consideration for license fees and related professional services under their existing software license agreement. Delivery is expected on or about September 29, 2026. Surf Air Mobility will receive no cash proceeds.

The company lists 128,203,808 common shares outstanding as of September 28, 2026, and 132,848,730 shares to be outstanding after the issuance. The last reported sale price was $1.19 per share on September 28, 2026. The incorporated 2025 audit report contains an explanatory paragraph relating to the company’s ability to continue as a going concern, as described in Note 1.

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Rhea-AI Summary

Surf Air Mobility Inc. announced Jason Secore’s appointment as Chief Financial Officer effective September 30, 2026. Oliver Reeves will resign as CFO and principal financial and accounting officer that day, then advise the company and its board through September 2027 under an advisory agreement to be entered into, for an annual fee of $240,000.

Secore’s two-year agreement provides a $450,000 annual salary and a discretionary bonus target equal to 100% of salary. His awards are 260,000 restricted stock units (RSUs), 260,000 performance-based RSUs (PRSUs) with time- and performance-based vesting, and 270,000 PRSUs vesting upon performance approval. Reeves is to receive $650,000 in severance over 12 months, up to 18 months of COBRA premiums, a fully vested share award calculated as $732,329 divided by the closing price on the third day after the earnings release for the quarter ended September 30, 2026, and acceleration of outstanding equity awards, subject to a mutual release and expiration of applicable rescission periods.

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Rhea-AI Summary

SURF AIR MOBILITY INC. (symbol: SRFM) is the issuer of record for a Form 4 filing submitted to the SEC.

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Rhea-AI Summary

Surf Air Mobility Inc. reports that closing conditions under its previously disclosed Secured Purchase Agreement have now been satisfied, allowing issuance of the remaining Senior Secured Debentures. The agreement provides for an aggregate face amount of $21.6 million of Senior Secured Debentures purchased by institutional investors.

An initial Secured Debenture of approximately $7 million was issued on June 30, 2026. The second tranche of approximately $14 million became issuable after closing conditions—whose deadline was extended from 30 to 40 and then 42 days—were satisfied on August 10, 2026. Surf Air Mobility states it will use the net proceeds from this second tranche for general working capital purposes.

The filing also references existing senior secured instruments: a Senior Secured Convertible Note due 2027 with an initial aggregate principal amount of $16,857,142.89 and a Senior Secured Term Note due 2028 with an initial aggregate principal amount of $30,000,000. The completion of the second tranche creates an additional direct financial obligation under these secured financing arrangements.

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Rhea-AI Summary

Surf Air Mobility Inc. is registering the resale of up to 1,327,941 shares of common stock issuable upon exercise of outstanding Tranche A and Tranche B warrants. These include 710,294 Tranche A Warrant shares at an exercise price of $1.2555 and 617,647 Tranche B Warrant shares at $1.6740, each exercisable until June 30, 2031. All registered shares may be sold from time to time by the selling stockholders.

The company will not receive proceeds from any resale of shares, but would receive cash equal to the warrants’ exercise prices if holders exercise. Common stock outstanding was 123,644,243 shares as of August 7, 2026. The stock trades on the NYSE under “SRFM,” with a last sale price of $0.863 on August 7, 2026, and the company has received a notice of non-compliance with the NYSE’s $1.00 minimum average closing price requirement. Surf Air operates a regional air mobility platform and continues to incur losses and significant development and operating costs, with its auditor including a going‑concern explanatory paragraph in the 2025 financial statements.

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Rhea-AI Summary

Surf Air Mobility Inc. reports continued operating losses and liquidity pressure for the quarter and six months ended June 30, 2026. Total assets were $140.7 million, versus liabilities of $183.2 million, leaving a shareholders’ deficit of $42.5 million, an improvement from a $54.9 million deficit at December 31, 2025.

Revenue was $29.5 million for the quarter and $55.1 million for the first half of 2026. The company recorded a quarterly net loss of $28.1 million and a six‑month net loss of $48.4 million, with operating cash outflow of $13.4 million. Cash and restricted cash totaled $18.5 million at June 30, 2026.

Management discloses substantial doubt about the ability to continue as a going concern, citing recurring losses, negative operating cash flows, a working capital deficit and multiple defaults. Federal excise tax liabilities were $11.1 million and property taxes about $0.9 million, both in default status.

To support liquidity, the company raised $14.3 million from direct stock offerings, received $25.0 million in advances under its GEM Share Purchase Agreement and closed an initial $7.0 million tranche of senior secured debentures tied to aircraft financing, alongside complex convertible note structures and significant ongoing financing commitments.

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FAQ

How many SURF AIR MOBILITY (SRFM) SEC filings are available on StockTitan?

StockTitan tracks 89 SEC filings for SURF AIR MOBILITY (SRFM), including 10-K annual reports, 10-Q quarterly reports, 8-K current reports, and Form 4 insider trading disclosures. Each filing includes AI-generated summaries, impact scoring, and sentiment analysis.

When was the most recent SEC filing for SURF AIR MOBILITY (SRFM)?

The most recent SEC filing for SURF AIR MOBILITY (SRFM) was filed on October 2, 2026.