---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-077496"
form_type: "8-K"
ticker: "SRFM"
cik: "0001936224"
company_name: "SURF AIR MOBILITY INC."
filed_at: "2023-09-19T23:59:59+00:00"
generated_at: "2026-06-10T14:01:22.616148+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Surf Air Mobility amends $400M GEM share facility; first draw $7.5M, aggregate $100M

## Summary
- Amendment No. 4 sets first draw down at up to $7.5M; subsequent draws up to $25M each, aggregate $100M.
- Commitment fee of 4 million shares payable with first draw down; shares exempt from registration under Section 4(a)(2).
- Third Amendment to Textron data license: $25M initiation fee due in four installments starting Sep 29, 2023 through Jun 28, 2024.
- Publicly filed S-1 registration for up to 25 million shares to satisfy conditions of share subscription facility.
- Maximum aggregate facility size remains $400 million over specified term; facility is at Company's option.

## SEC filing metadata
- accession: 0001213900-23-077496
- form_type: 8-K
- ticker: SRFM
- cik: 0001936224
- company_name: SURF AIR MOBILITY INC.
- filed_at: 2023-09-19T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1936224/000121390023077496/0001213900-23-077496-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1936224/000121390023077496/ea185337-8k_surfair.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-077496
- JSON: https://secwatch.observer/filing/0001213900-23-077496.json
- Plain text: https://secwatch.observer/filing/0001213900-23-077496.txt

## Key facts
- Material Agreements
  SURF AIR MOBILITY INC. amended Amendment No. 4 to the Amended and Restated Share Purchase Agreement with GEM Global Yield LLC SCS and GEM Yield Bahamas Limited (effective 2023-09-18).
  - Action: amendment
  - Agreement: equity purchase
  - Counterparty: GEM Global Yield LLC SCS and GEM Yield Bahamas Limited
  - Effective: 2023-09-18
  source text: On September 18, 2023, the Parties entered into that certain Amendment No. 4 to the Amended and Restated Share Purchase Agreement (“ Amendment No. 4 ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1936224/000121390023077496/0001213900-23-077496-index.htm
- Material Agreements
  SURF AIR MOBILITY INC. amended Third Amendment to Data License Agreement with Textron Aviation Inc. and Textron Innovations Inc. valued at $25 million will be due in four installments (effective 2023-09-18).
  - Action: amendment
  - Agreement: license
  - Counterparty: Textron Aviation Inc. and Textron Innovations Inc.
  - Value: $25 million will be due in four installments
  - Effective: 2023-09-18
  source text: the Company, Textron Aviation Inc. and Textron Innovations Inc. entered into a Third Amendment to Data License Agreement (the “ Third Amendment ”), that amends that certain data license agreement entered into on September 15, 2022 (the “ DLA ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1936224/000121390023077496/0001213900-23-077496-index.htm

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