Every 8-K that Surf Air Mobility Inc. (SRFM) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow SRFM and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SRFM filings page.
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.
Surf Air Mobility reported second quarter 2026 revenue of $29.5 million, at the high end of its $27–$30 million guidance, up 8% year over year and 15% sequentially. Surf On Demand private charter revenue grew 101% to $12.1 million, while scheduled service revenue declined 19% to $17.4 million as the route network was rationalized.
The company recorded a Q2 2026 net loss of $28.1 million, similar to the prior year, and an Adjusted EBITDA loss of $10.5 million, in line with guidance. Cost of revenue of $29.4 million exceeded revenue, and liabilities of $183.2 million exceeded total assets of $140.7 million, leaving shareholders’ deficit at $(42.5) million, though improved from $(54.9) million at year-end 2025.
Management highlighted transformation progress, including a first SurfOS enterprise contract with Wheels Up worth up to $12 million over three years, operational metrics such as a 98% controllable completion factor, and debt initiatives that have reduced total debt by approximately 50% over the last year. For Q3 2026, revenue is guided to $35.5–$37.5 million with an Adjusted EBITDA loss of $7–$4 million. Full-year 2026 revenue is guided to $128–$138 million (20–30% above 2025) and Adjusted EBITDA loss to $30–$25 million, which the company states is an approximate 40% improvement from prior guidance.
Surf Air Mobility Inc. held its 2026 annual stockholders’ meeting, where shareholders elected Class C directors Tyler Painter and Sudhin Shahani, ratified PricewaterhouseCoopers LLP as independent auditor for the year ending December 31, 2026, and approved an amendment authorizing a reverse stock split of common stock at a ratio between 2:1 and 6:1.
As of the May 26, 2026 record date, there were 100,411,448 shares of common stock outstanding. On July 24, 2026, the company received a notice from the NYSE that its average closing share price had been below $1.00 for 30 consecutive trading days, leaving it out of compliance with NYSE Section 802.01C. The shares remain listed, and Surf Air Mobility has a six‑month cure period to restore compliance by achieving a closing price and 30‑day average of at least $1.00, while indicating it intends to regain compliance organically and may, if necessary, use its newly approved reverse split authority.
Surf Air Mobility Inc. closed an exchange of its existing Senior Secured Convertible Note due 2028. A current outstanding principal balance of $46,857,142.89 was exchanged for a new Senior Secured Convertible Note due 2027 with $16,857,142.89 principal and a new Senior Secured Term Note due 2028 with $30,000,000 principal.
The company also corrected a statement in a June 26, 2026 press release about its electric aircraft demonstration program in Hawaiʻi. The press release now clarifies that Surf Air Mobility plans to be the first Part 135 operator to commercialize electric passenger flights for scheduled service and on-demand charter, rather than having already achieved that status.
Surf Air Mobility Inc. entered into several debt financing transactions that refinance its main convertible note and add new asset-backed funding. The company is exchanging a senior secured convertible note with an outstanding principal of approximately $46.9 million for a new $16.86 million senior secured convertible note due 2027 and a new non-convertible $30 million senior secured term note due 2028.
The new convertible note carries an initial conversion rate of 896.0573 shares per $1,000 (about $1.116 per share), representing 16,186,615 shares issuable upon conversion, and allows monthly partial redemptions of up to $2 million starting August 1, 2026. The new term note begins accruing 12% interest on January 1, 2027 and matures on January 1, 2028. The company also voluntarily reduced the exercise price of existing warrants from $3.32 to $1.12 per share.
Separately, subsidiaries issued senior secured debentures with an aggregate face amount of $21.6 million, including an initial $7 million tranche used to finance Cessna Grand Caravan aircraft and a second $14 million tranche for working capital. These debentures bear 13.5% annual interest, mature on June 30, 2031, include an original issue discount of $600,000, and are secured by aircraft assets. As part of this financing, the company issued warrants for a total of 1,327,941 shares at exercise prices of $1.2555 and $1.6740, and agreed to issue up to 2,500,000 additional warrants to Park Lane in connection with a reimbursement agreement supporting letters of credit.
Surf Air Mobility Inc. filed a prospectus supplement to register the issuance of 4,761,905 shares of its common stock. These shares were issued as non-cash consideration to Palantir Technologies Inc. for license fees and related professional services under an existing software license agreement. The company is using this current report to provide the related legal opinion from Gibson, Dunn & Crutcher LLP as Exhibit 5.1, which is incorporated by reference into the registration statement.
Surf Air Mobility Inc. entered into a Master Subscription Agreement with Wheels Up Experience Inc. for its Enterprise BrokerOS aviation software. The agreement runs for an initial two-year term, during which Wheels Up will pay $8.0 million in subscription fees, with an optional third year for an additional $4.2 million, all payable quarterly.
If the option year is exercised, Surf Air Mobility is expected to receive up to $12 million in total subscription fees. The contract includes customary software service-level guarantees and termination rights, and Wheels Up will be the launch customer for the Enterprise BrokerOS product powered by Palantir’s Foundry and Artificial Intelligence Platform.
Surf Air Mobility Inc. reported that Chairman of the Board Carl Albert will not seek re-election at the 2026 Annual Meeting of Shareholders scheduled for July 24, 2026. He will continue to serve as Chairman and director until his current term expires at that meeting, and his decision is stated as not being due to any disagreement with the company.
After the meeting, Albert will become Chairman Emeritus and an advisor to the Board under a new Advisory Services Agreement effective July 24, 2026. For a one-year advisory term, extendable by mutual agreement, he will receive an annual cash fee of $110,000 and annual equity compensation with a grant-date value of approximately $165,000, on terms aligned with non-employee directors.
The agreement also provides a one-time equity award of 1,000,000 common shares, with 750,000 shares granted and fully vested on the effective date and 250,000 shares granted and fully vested on the one-year anniversary, subject to his continued service. The Board has elected Shawn Pelsinger as successor Chairman, effective as of the Annual Meeting.
Surf Air Mobility reported first quarter 2026 revenue of $25.6 million, at the high end of guidance and up 9% year over year. Net loss widened slightly to $20.3 million, while Adjusted EBITDA loss improved to $12.3 million, better than guidance.
The company raised full-year 2026 Adjusted EBITDA loss guidance to a narrower range of $30 million to $25 million, an improvement of about 40% from the prior outlook, while keeping revenue guidance of $128 million to $138 million, or 20% to 30% growth over 2025.
On Demand private charter revenue rose 77% year over year to $10.1 million with higher margins, supported by its BrokerOS and Powered by Surf On Demand programs. The company also announced a strategic partnership with BETA Technologies for up to 100 all‑electric aircraft and completed a $30 million capital raise to support SurfOS deployment and electrification initiatives.
Surf Air Mobility Inc. entered into a material definitive promissory note with LamVen providing up to $15 million in funding through advances. Each 90-day period, advances are limited to $5 million, and the note matures on April 20, 2029.
The borrowing is secured by certain aircraft-related assets of the company’s subsidiaries, and the note is non-recourse to the parent company, limiting LamVen’s remedies to the borrowers. An origination fee of $1.5 million is payable, which the company may elect to pay in common stock or pre-funded warrants valued at $1.274 per share.
Outstanding principal bears interest at 12.5% per annum, payable monthly in cash, stock, or a combination, also valued at $1.274 per share when paid in equity. Equity issuance to LamVen is subject to beneficial ownership limitations, and the securities are being issued under a private placement exemption from registration.
Surf Air Mobility Inc. entered a securities purchase agreement for a registered direct stock sale. The company issued 13,318,181 Investor Shares of common stock at $1.10 per share and 257,353 D&O Shares at $1.36 per share to certain directors and officers.
The transaction closed on April 21, 2026 and is expected to generate approximately $15 million in gross proceeds before fees and expenses. As of April 17, 2026, the company had 84,315,976 common shares outstanding, providing context for the size of this issuance.
The shares were issued off an effective Form S-3 shelf registration, using a prospectus supplement. For 30 days after closing, the company agreed not to issue additional common stock or equivalents, or file new registration statements, with limited exceptions such as Form S-8 for equity plans.
Surf Air Mobility reported fourth quarter 2025 revenue of $26.4 million, down 6% year over year but within guidance, with scheduled service declining as the company exited unprofitable routes and On Demand charter revenue rising 36%. Fourth quarter adjusted EBITDA loss was just under $8 million, also within guidance, while net loss was $36.9 million versus net income a year earlier, which benefited from a large compensation reversal.
For full year 2025, revenue fell to $106.6 million, a 10.8% decline, and net loss widened to $110.5 million, but adjusted EBITDA loss improved to $41.7 million. Net debt decreased 47% to $74 million as of December 31, 2025. The company guided 2026 revenue to $128–$138 million, implying 20–30% growth, with an adjusted EBITDA loss of $50–$40 million as it continues investing in its SurfOS platform.
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.
Surf Air Mobility Inc. (SRFM) furnished an 8-K announcing it issued a press release with financial results for the quarter ended September 30, 2025. The press release is included as Exhibit 99.1 and, along with Item 2.02, is furnished and not deemed filed under the Exchange Act.
The company noted the furnished materials are not subject to Section 18 liabilities and will not be incorporated into other filings unless specifically referenced.
Surf Air Mobility (SRFM) entered financing agreements and closed concurrent offerings. The company sold 3,975,901 registered shares with accompanying warrants and 2,048,195 privately placed shares with accompanying warrants at $3.32 per share-and-warrant, and issued senior secured convertible notes due 2028 with $74M aggregate principal, yielding $65M in note proceeds before expenses. Total gross proceeds from the offerings were approximately $85M before estimated expenses.
Net proceeds from the registered and private equity will fund separately capitalized subsidiaries, while note proceeds will repay indebtedness under facilities with Comvest, Partners for Growth and GEM. The notes are initially convertible at $3.98 per share (251.0040 shares per $1,000), representing 18,574,297 shares, and mature on October 31, 2028. Warrants carry a $3.32 exercise price and a two‑year term. The company also issued 1,881,579 shares to Palantir as non‑cash consideration of about $6,000,000.
As of November 7, 2025, shares outstanding were 52,266,051. The note includes covenants such as a $10,000,000 minimum liquidity, a $30,000,000 ATM/equity line capacity requirement, and a $30,000,000 letter of credit backstop. The company highlighted potential funding uncertainty in the federal Essential Air Service program after November 18, 2025.
Surf Air Mobility Inc. (SRFM) issued preliminary, unaudited results for the quarter ended September 30, 2025. Revenue is expected to exceed the prior guidance range of $27 million to $28.5 million, while Adjusted EBITDA is expected to be within the prior guidance range of $(10) million to $(8.5) million.
The company plans to release complete financial results and host a conference call on November 12, 2025. Management noted these figures may change as the financial reporting process concludes, and a reconciliation of Adjusted EBITDA to net income (loss) will be provided with the full results.
Surf Air Mobility Inc. appointed Shawn Pelsinger as a Class A director on its Board of Directors, effective October 8, 2025. He currently serves as Chief Legal Officer and Chief Administrative Officer of Acrisure, a global fintech provider of insurance, reinsurance, payroll, benefits, cybersecurity, and real estate services.
Pelsinger previously spent about ten years at Palantir Technologies, where he served as Global Head of Corporate Development & Senior Counsel and helped establish the strategic relationship between Surf Air Mobility and Palantir in 2021. He also sits on the boards of Palantir Technologies Japan, K.K. and Palantir, Korea, LLC.
Under the Company’s Director Compensation Policy, Pelsinger will receive an initial equity grant of restricted stock units with a target grant date fair value of $231,000 under the Amended and Restated 2023 Equity Incentive Plan, vesting on the one-year anniversary of the grant date, subject to his continued service. He has signed the same form of indemnification agreement used for other directors and has not yet been appointed to any Board committees.
Surf Air Mobility Inc. reported that on August 27, 2025, director Tyrone Bland resigned from the company’s board of directors. The company stated that Mr. Bland’s resignation was not due to any disagreement with Surf Air Mobility on its operations, policies, or practices, indicating this is not being presented as a dispute over the company’s direction or governance.
The filing also notes that the company furnished a related press release dated August 29, 2025 as an exhibit, which may provide additional background on the board change.
Surf Air Mobility Inc. furnished a press release announcing its financial results for the quarter ended June 30, 2025. The press release is attached to this Form 8-K as Exhibit 99.1, and the filing includes an Inline XBRL cover page as Exhibit 104. The company explicitly states these materials are furnished, not filed, so they are not subject to Section 18 liabilities and are not incorporated by reference into other filings except where expressly specified. This 8-K itself does not present revenue, earnings, cash flow, balance sheet figures, or other operating metrics; it only notifies investors that the results release has been furnished and directs readers to Exhibit 99.1 for the detailed financial information. The filing identifies the registrant as Surf Air Mobility, trading as SRFM on the New York Stock Exchange, and is signed by Chief Financial Officer Oliver Reeves.
Surf Air Mobility (NYSE:SRFM) filed an 8-K disclosing 2025 annual meeting results.
- Reverse stock split: Shareholders authorized a split in a 2-for-1 to 5-for-1 range (7.62 M for, 0.38 M against, 2.09 M abstain).
- Equity dilution: The Amended & Restated 2023 Equity Incentive Plan adds 3.5 M shares (>18 % of current outstanding) after receiving 3.21 M votes for versus 0.45 M against.
- Board elections: David Anderman, John D’Agostino and Edward Mady re-elected as Class B directors; votes for ranged 5.48-5.62 M.
- Auditor continuity: PwC ratified for FY-2025 (8.10 M for, 0.02 M against).
- Shares outstanding: 19,279,660 common shares on 28 Apr 2025 record date.
Approval of the reverse split gives the board flexibility to address price compliance, while the expanded equity pool increases potential dilution. No other material changes were reported.
Surf Air Mobility (NYSE:SRFM) executed a registered direct offering, selling 10,800,002 common shares at $2.50 and issuing 926,668 pre-funded warrants at $2.4999, generating $27 million gross proceeds. The deal closed on June 26 2025 and lifts total shares outstanding to 34,404,745 (ex-warrants). H.C. Wainwright earned a 7% cash fee and 540,000 five-year warrants at $3.125. A 60-day lock-up limits further equity sales. The securities were issued under the March 2025 Form S-3 shelf; a prospectus supplement was filed the same day.
The cash bolsters liquidity but introduces dilution and warrant overhang.