secwatch.observer — SEC 8-K summary
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Issuer:     SURF AIR MOBILITY INC. (SRFM)
CIK:        0001936224
Form:       8-K
Filed at:   2024-05-24T23:59:59+00:00
Accession:  0000950170-24-064654
Event type: regulatory
Sentiment:  negative
Materiality: 0.85
Item codes: 3.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Surf Air Mobility receives NYSE delisting notice for low market cap and negative equity
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- 30-day average market cap of $40.9M and stockholders' deficit of $106.3M as of March 31, 2024.
- Must submit a compliance plan within 45 days; if accepted, an 18-month cure period.
- Stock continues trading on NYSE under SRFM with added ".BC" indicator.
- Company states no immediate impact on business operations or SEC reporting obligations.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1936224/000095017024064654/0000950170-24-064654-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1936224/000095017024064654/srfm-20240520.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-064654

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