{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-277566","form_type":"8-K","ticker":"SRFM","cik":"0001936224","company_name":"SURF AIR MOBILITY INC.","filed_at":"2025-11-12T23:59:59+00:00","discovered_at":"2026-05-14T18:02:41.099261+00:00","generated_at":"2026-05-16T21:42:21.861387+00:00","sec_items":["1.01","2.03","3.02","7.01","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Surf Air Mobility raises ~$85M via equity and $74M convertible note; refinances debt","bullets":["Raised $85M gross from registered direct offering (3.98M shares at $3.32) and private placement (2.05M shares + warrants) and $74M senior secured convertible note (net $65M).","Issued 1M shares to Palantir for ~$3.3M prepayment of license fees; additional 882K shares for total ~$6M.","Convertible note: 15% default interest, convertible at $3.98/share, redeemable; secured by assets; backed by $30M letter of credit from Park Lane.","Proceeds used to repay Comvest credit, PfG convertible, GEM Mandatory; pro forma debt $119.1M vs $96.9M pre-offerings.","EAS program funding uncertain due to federal shutdown; DOT only authorized through Nov 18, 2025."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-277566","json":"https://secwatch.observer/filing/0001193125-25-277566.json","markdown":"https://secwatch.observer/filing/0001193125-25-277566.md","text":"https://secwatch.observer/filing/0001193125-25-277566.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1936224/000119312525277566/0001193125-25-277566-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1936224/000119312525277566/srfm-20251112.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T21:42:21.861387+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"5e7720fd304a3d8e6e981e3f47db0f94ff019297","claim":"SURF AIR MOBILITY INC. incurred senior notes of $74 million aggregate principal amount with certain institutional investors at will not accrue interest except in the event of an event of default maturing due 2028.","evidence_excerpt":"$74 million aggregate principal amount of senior secured convertible notes due 2028 (the “Note”)","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1936224/000119312525277566/0001193125-25-277566-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$74 million aggregate principal amount"},{"label":"Counterparty","value":"certain institutional investors"},{"label":"Rate","value":"will not accrue interest except in the event of an event of default"},{"label":"Maturity","value":"due 2028"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}