secwatch.observer — SEC 8-K summary
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Issuer:     SURF AIR MOBILITY INC. (SRFM)
CIK:        0001936224
Form:       8-K
Filed at:   2024-04-05T23:59:59+00:00
Accession:  0000950170-24-042349
Event type: regulatory
Sentiment:  negative
Materiality: 0.55
Item codes: 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1936224/000095017024042349/0000950170-24-042349-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1936224/000095017024042349/srfm-20240402.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-042349

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer