other_material
confidence high
sentiment neutral
materiality 0.60
Surf Air Mobility raises ~$27M in registered direct offering of 10.8M shares at $2.50
SURF AIR MOBILITY INC.
- Sold 10,800,002 shares of common stock at $2.50 per share, plus pre-funded warrants for 926,668 shares at $2.4999.
- Gross proceeds of approximately $27M; offering closed on June 26, 2025.
- Shares outstanding post-offering: 34,404,745 (excluding pre-funded warrant exercise).
- Issued 540,000 placement agent warrants to H.C. Wainwright at $3.125 per share, exercisable for 5 years.
- Lock-up agreement: Company cannot issue additional shares for 60 days after closing.
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