secwatch.observer — SEC 8-K summary
======================================

Issuer:     SURF AIR MOBILITY INC. (SRFM)
CIK:        0001936224
Form:       8-K
Filed at:   2024-08-19T23:59:59+00:00
Accession:  0000950170-24-098593
Event type: other_material
Sentiment:  negative
Materiality: 0.60
Item codes: 3.03, 5.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Surf Air Mobility effects 1-for-7 reverse stock split; director Stan Little resigns
--------------------------------------------------------------------------------

- 1-for-7 reverse stock split effective August 16, 2024; NYSE trading on post-split basis begins August 19.
- Post-split shares outstanding approximately 12.8M; fractional shares paid in cash based on prior trading day close.
- Board approved split on August 8; stockholders authorized ratio range 1:2 to 1:10 at June 25 annual meeting.
- Director Stan Little resigned from board effective August 18, 2024; no disagreement cited; remains as Special Advisor.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1936224/000095017024098593/0000950170-24-098593-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1936224/000095017024098593/srfm-20240816.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-098593

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