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Surf Air Mobility Announces $5 Million Registered Direct Offering of Common Stock

1. Surf Air Mobility Inc. plans to sell 2 million shares at $2.50 each. 2. The registered direct offering will close around April 1, 2025.

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FAQ

Why Bearish?

Dilution from new shares may lower existing shareholders' value, similar to past offerings by other companies impacting stock prices negatively.

How important is it?

The share offering indicates a need for capital, reflecting short-term challenges and could affect investor sentiment.

Why Short Term?

The offering will have an immediate effect on stock price due to anticipated dilution, similar to past reactions seen in similar offerings.

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UALDALLUV
LOS ANGELES--(BUSINESS WIRE)--Surf Air Mobility Inc. (NYSE: SRFM) (the “Company”), a leading regional air mobility platform, announced today that it has entered into definitive agreements for the purchase and sale of 2,000,000 shares of common stock (or pre-funded warrants in lieu thereof) at a purchase price of $2.50 per share (or pre-funded warrant in lieu thereof) in a registered direct offering. The offering is expected to close on or about April 1, 2025, subject to the satisfaction of cust.

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