secwatch.observer — SEC 8-K summary
======================================

Issuer:     SURF AIR MOBILITY INC. (SRFM)
CIK:        0001936224
Form:       8-K
Filed at:   2023-08-02T23:59:59+00:00
Accession:  0001213900-23-062219
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.01, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Surf Air Mobility completes Southern Airways acquisition, forming largest US commuter airline
--------------------------------------------------------------------------------

- Transaction closed July 27, 2023; 69.7M basic shares and 71.6M fully diluted shares outstanding.
- 2022 combined revenue $100.6M (+44.6% YoY); operating loss $(111.7)M incl. one-time costs.
- Cash on hand $34.7M; $100M available under GEM share subscription facility.
- Up to $450M aircraft financing with Jetstream; order for up to 150 Cessna Grand Caravans from Textron.
- Q2 2023 financial results and full-year 2023 outlook to be released week of August 14, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1936224/000121390023062219/0001213900-23-062219-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1936224/000121390023062219/ea182742-8k_surfair.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-062219

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer