secwatch.observer — SEC 8-K summary
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Issuer:     SURF AIR MOBILITY INC. (SRFM)
CIK:        0001936224
Form:       8-K
Filed at:   2025-06-26T23:59:59+00:00
Accession:  0000950170-25-090410
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Surf Air Mobility raises ~$27M in registered direct offering of 10.8M shares at $2.50
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1936224/000095017025090410/0000950170-25-090410-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1936224/000095017025090410/srfm-20250625.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-090410

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