Surf Air Mobility raises $15M in registered direct equity offering at $1.10/share

SURF AIR MOBILITY INC.

Gross proceeds ~$15M from sale of 13,318,181 shares to LamVen LLC and another institutional investor at $1.10/share.
Directors and officers purchase additional 257,353 shares at $1.36/share (closing price on April 17, 2026).
Offering closed April 21, 2026; shares issued under effective shelf registration (Form S-3).
Post-closing share count to be at least 97,891,511, a ~16% increase from 84,315,976 outstanding pre-offering.
30-day lock-up restricting further equity issuances or registration statements after closing.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

SURF AIR MOBILITY INC. entered into Purchase Agreement with LamVen LLC and another institutional investor valued at approximately $15 million (effective 2026-04-20).

Action: entry
Agreement: equity purchase
Counterparty: LamVen LLC and another institutional investor
Value: approximately $15 million
Effective: 2026-04-20

Exact text from the filing

On April 20, 2026, Surf Air Mobility, Inc. (the “Company”) entered into a securities purchase agreement (the “Purchase Agreement”) with LamVen LLC (“LamVen”), an existing investor, and another institutional investor

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SURF AIR MOBILITY INC. filing history →

Source: SEC EDGAR

accession 0001193125-26-167205

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