---
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"
generated_at: "2026-07-01T13:00:17.262345+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Surf Air Mobility exchanges $47M convertible note for $17M convertible and $30M term note; gets $21.6M asset-backed loan

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-291660
- JSON: https://secwatch.observer/filing/0001193125-26-291660.json
- Plain text: https://secwatch.observer/filing/0001193125-26-291660.txt

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