---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-042349"
form_type: "8-K"
ticker: "SRFM"
cik: "0001936224"
company_name: "SURF AIR MOBILITY INC."
filed_at: "2024-04-05T23:59:59+00:00"
generated_at: "2026-06-04T02:00:45.026213+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Surf Air Mobility receives NYSE non-compliance notice for average closing price below $1

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-24-042349
- form_type: 8-K
- ticker: SRFM
- cik: 0001936224
- company_name: SURF AIR MOBILITY INC.
- filed_at: 2024-04-05T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 3.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1936224/000095017024042349/0000950170-24-042349-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1936224/000095017024042349/srfm-20240402.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-042349
- JSON: https://secwatch.observer/filing/0000950170-24-042349.json
- Plain text: https://secwatch.observer/filing/0000950170-24-042349.txt

## Key facts
- Listing & Compliance Notices
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1936224/000095017024042349/0000950170-24-042349-index.htm

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