---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-177743"
form_type: "8-K"
ticker: "SRFM"
cik: "0001936224"
company_name: "SURF AIR MOBILITY INC."
filed_at: "2026-04-24T23:59:59+00:00"
generated_at: "2026-05-15T04:15:13.237316+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Surf Air Mobility secures $15M promissory note from LamVen at 12.5% interest

## Summary
- Note provides up to $15M, advances capped at $5M per 90-day period; maturity April 20, 2029.
- 12.5% annual interest, payable monthly in cash or shares of common stock valued at $1.274/share.
- $1.5M origination fee due upon initial advance, payable in cash or stock.
- Borrowers are subsidiaries Southern Airways Express and Southern Airways Pacific; note is non-recourse to Surf Air Mobility.
- Note secured by certain aircraft assets of the Borrowers; restrictions on additional liens on collateral.

## SEC filing metadata
- accession: 0001193125-26-177743
- form_type: 8-K
- ticker: SRFM
- cik: 0001936224
- company_name: SURF AIR MOBILITY INC.
- filed_at: 2026-04-24T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1936224/000119312526177743/0001193125-26-177743-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1936224/000119312526177743/srfm-20260420.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-177743
- JSON: https://secwatch.observer/filing/0001193125-26-177743.json
- Plain text: https://secwatch.observer/filing/0001193125-26-177743.txt

## Source-grounded claims
- claim_id: 1d71f21c5817623303ebc7e76bac1df096b3e77e
  claim: SURF AIR MOBILITY INC. incurred loan of up to $15 million with LamVen at 12.5% per annum maturing April 20, 2029.
  evidence_excerpt: the Company and two of its subsidiaries (such subsidiaries, the "Borrowers") entered into a promissory note with LamVen (the “Note”) in an aggregate principal amount of up to $15 million (the “Maximum Principal Amount”). Lender will advance funds (each, an "Advance") on request of the Company or any of the Borrowers; provided such Advances (i) may not exceed $5
  evidence_url: https://www.sec.gov/Archives/edgar/data/1936224/000119312526177743/0001193125-26-177743-index.htm
- claim_id: f4ea1e6759290eb7aa666314c8c3b209f1ceee6e
  claim: SURF AIR MOBILITY INC. entered into Note with LamVen valued at up to $15 million (effective 2026-04-20).
  evidence_excerpt: the Company and two of its subsidiaries (such subsidiaries, the "Borrowers") entered into a promissory note with LamVen (the “Note”) in an aggregate principal amount of up to $15 million (the “Maximum Principal Amount”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1936224/000119312526177743/0001193125-26-177743-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.