---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-045094"
form_type: "8-K/A"
ticker: "SRFM"
cik: "0001936224"
company_name: "SURF AIR MOBILITY INC."
filed_at: "2023-08-29T23:59:59+00:00"
generated_at: "2026-06-11T02:36:51.307621+00:00"
event_type: "m_and_a"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Southern Airways H1 2023 net loss $3.9M; cash only $1.1M; going concern doubt

## Summary
- Revenue $45.1M in H1 2023 vs $36.4M prior year; operating loss widened to $3.2M from $1.8M.
- Net loss allocable to common shareholders $3.9M; stockholders' deficit $4.5M at June 30, 2023.
- Only $1.1M cash on hand; substantial doubt about ability to continue as a going concern.
- Acquisition by Surf Air Mobility (SAM) closed July 27, 2023, providing additional liquidity.
- Prior-period correction: deferred revenue misstatement reduced H1 2022 revenue by $166K.

## SEC filing metadata
- accession: 0000950170-23-045094
- form_type: 8-K/A
- ticker: SRFM
- cik: 0001936224
- company_name: SURF AIR MOBILITY INC.
- filed_at: 2023-08-29T23:59:59+00:00
- event_type: m_and_a
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1936224/000095017023045094/0000950170-23-045094-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1936224/000095017023045094/srfm-20230727.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-045094
- JSON: https://secwatch.observer/filing/0000950170-23-045094.json
- Plain text: https://secwatch.observer/filing/0000950170-23-045094.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.