{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-291660","form_type":"8-K","ticker":"SRFM","cik":"0001936224","company_name":"SURF AIR MOBILITY INC.","filed_at":"2026-07-01T12:56:15+00:00","discovered_at":"2026-07-01T13:00:00.421971+00:00","generated_at":"2026-07-01T13:00:17.262345+00:00","sec_items":["1.01","2.03","3.02","7.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Surf Air Mobility exchanges $47M convertible note for $17M convertible and $30M term note; gets $21.6M asset-backed loan","bullets":["Existing $46.9M convertible note exchanged for $16.9M convertible (due 2027) and $30M term note (due 2028); principal reduced 64%.","Monthly payment obligation cut from up to $4M to $2M; company can pay in cash or stock at its option.","New $21.6M asset-backed loan, interest 13.5%, secured by aircraft; first tranche $7M funded, second $14M pending conditions.","Warrants issued: 710k shares at $1.2555, 617k shares at $1.6740; plus up to 2.5M warrants to Park Lane for letter of credit."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-291660","json":"https://secwatch.observer/filing/0001193125-26-291660.json","markdown":"https://secwatch.observer/filing/0001193125-26-291660.md","text":"https://secwatch.observer/filing/0001193125-26-291660.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1936224/000119312526291660/0001193125-26-291660-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1936224/000119312526291660/srfm-20260630.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-07-01T13:00:17.262345+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}