[8-K] SURF AIR MOBILITY INC. Reports Material Event

Rhea-AI Filing Summary

Surf Air Mobility Inc. reported that on November 20, 2025 it received notice from the New York Stock Exchange that it has regained compliance with the NYSE’s quantitative continued listing standard. The NYSE confirmed that the company now meets the minimum market capitalization and stockholders’ equity requirements under Section 802.01B of the NYSE Listed Company Manual.

This cures the company’s prior non-compliance, which arose after a notice on May 20, 2024 that it had failed to maintain an average market capitalization of at least $50 million over a 30-day trading period and stockholders’ equity of at least $50 million. With this change, the company’s common stock continues to trade on the NYSE under the symbol SRFM.

Insights

Equity market strategist

SRFM has cured its NYSE listing deficiency and is back in full compliance.

Surf Air Mobility has received confirmation from the NYSE that it now satisfies the exchange’s quantitative continued listing standard tied to Section 802.01B. This means the company currently meets both the minimum market capitalization and stockholders’ equity thresholds that previously placed its listing at risk.

The earlier notice on May 20, 2024 cited failure to maintain an average market capitalization of at least $50 million over a 30‑day trading period and stockholders’ equity of at least $50 million. The new notification explicitly states that this non-compliance instance has been cured, removing that overhang and allowing the stock to remain listed on the NYSE under the symbol SRFM.

This development reduces the immediate risk associated with a potential delisting process, which can affect liquidity and investor perception. Future company disclosures will clarify how consistently Surf Air Mobility maintains these market capitalization and equity levels relative to the NYSE’s standards.

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): November 20, 2025

SURF AIR MOBILITY INC.

(Exact name of registrant as specified in its charter)

Delaware		001-41759		36-5025592
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

12111 S. Crenshaw Blvd.

Hawthorne, CA 90250

(Address of principal executive offices, including zip code)

Registrant’s telephone number, including area code:

(424) 332-5480

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class:		Trading Symbol(s)		Name of Each Exchange on Which Registered:
Common stock, par value $0.0001 per share		SRFM		New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01 Other Events

On November 20, 2025, Surf Air Mobility Inc. (the “Company”) received notification from the New York Stock Exchange (the “NYSE”) that the Company had regained compliance in relation to the NYSE's quantitative continued listing standard as a result of the Company's achievement of compliance with the NYSE's minimum market capitalization and stockholders' equity requirement of Section 802.01B of the NYSE Listed Company Manual as of November 20, 2025.

This notification cured the outstanding instance of non-compliance. As previously disclosed, on May 20, 2024, the Company received formal notice from the NYSE that it was not in compliance with the NYSE’s continued listing standards as a result of not maintaining an average market capitalization of at least $50 million over a 30-day trading period and stockholders' equity of less than $50 million, as required by Section 802.01B of the NYSE Listed Company Manual.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	SURF AIR MOBILITY INC.
Date: November 21, 2025	By:	/s/ Deanna White
		Deanna White
		Chief Executive Officer

FAQ

What did Surf Air Mobility Inc. (SRFM) announce in this 8-K?

Surf Air Mobility Inc. reported that on November 20, 2025 the New York Stock Exchange notified the company it had regained compliance with the NYSE’s quantitative continued listing standard under Section 802.01B.

What NYSE listing standard does Surf Air Mobility now meet?

The company now meets the NYSE’s quantitative continued listing standard in Section 802.01B, which includes minimum requirements for market capitalization and stockholders’ equity.

Why was Surf Air Mobility previously out of compliance with NYSE rules?

On May 20, 2024, the NYSE notified Surf Air Mobility that it was not in compliance because it had not maintained an average market capitalization of at least $50 million over a 30‑day trading period and had stockholders’ equity of less than $50 million.

What does it mean that the NYSE notice of non-compliance has been cured for SRFM?

The new NYSE notification states that the outstanding instance of non-compliance has been cured, meaning Surf Air Mobility has resolved the prior deficiency and currently satisfies the applicable listing criteria.

Is Surf Air Mobility’s common stock still listed on the NYSE and under what symbol?

Yes. Following the regained compliance, Surf Air Mobility’s common stock continues to be listed on the New York Stock Exchange under the trading symbol SRFM.

What financial thresholds were referenced in Surf Air Mobility’s NYSE compliance issue?

The prior NYSE notice referenced failure to maintain an average market capitalization of at least $50 million over a 30‑day trading period and stockholders’ equity of at least $50 million, as required by Section 802.01B.