SURF AIR MOBILITY INC. (SRFM): Nasdaq/NYSE listing notice — Surf Air Mobility receives NYSE non-compliance notice for average closing price below $1

SURF AIR MOBILITY INC.

NYSE notified Surf Air on April 2, 2024 that average closing price of SRFM common stock was below $1 over 30 consecutive trading days.
No immediate impact on listing; stock continues trading on NYSE under symbol SRFM.
Company has six-month cure period; can regain compliance if stock closes at or above $1 on last trading day of any calendar month with 30-day average at least $1.
Considering alternatives including reverse stock split, subject to stockholder approval at next annual meeting.
Notice not expected to affect business operations or SEC reporting obligations.

item 3.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

SURF AIR MOBILITY INC. received a nyse deficiency notice notice regarding minimum bid price (rules 802.01C).

Exchange: nyse
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 802.01C

Exact text from the filing

April 2, 2024, Surf Air Mobility Inc. (the “Company”) received a notice (the “Notice”) from the New York Stock Exchange (the “NYSE”) indicating the Company is not in compliance with Section 802.01C of the NYSE Listed Company Manual because the average closing price of the Company’s common stock was less than $1.00 over a consecutive 30 trading-day period. The Notice has no immediate effect on the listing of the Company’s common stock. Section 802.01C also requires the Company to notify the NYSE, within 10 business days of receipt of the Notice, of its intent to cure this deficiency. The Compan

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SURF AIR MOBILITY INC. filing history →

Source: SEC EDGAR

accession 0000950170-24-042349

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