secwatch.observer — SEC 8-K summary
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Issuer:     SURF AIR MOBILITY INC. (SRFM)
CIK:        0001936224
Form:       8-K
Filed at:   2026-04-24T23:59:59+00:00
Accession:  0001193125-26-177743
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1936224/000119312526177743/0001193125-26-177743-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1936224/000119312526177743/srfm-20260420.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-177743

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