Surf Air Mobility closes debt exchange, corrects electric flight claim to future tense

SURF AIR MOBILITY INC.

Exchanged $46.86M note for $16.86M convertible due 2027 and $30M term note due 2028.
Corrected press release: originally claimed it 'became' first Part 135 electric operator; now says 'plans to be'.
Launched electric aircraft demo in Hawaii with BETA and Hawaiian Airlines; ALIA CTOL to fly 6-8 weeks.
Plans to deploy BETA aircraft for cargo/passenger after FAA certification; MRO facility in Hawaii.
Preparing MRO facility in Hawaii to serve as factory-authorized service center for BETA aircraft.

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