Highest-materiality recent filing
Surf Air Mobility signs Wheels Up as launch customer for Enterprise BrokerOS; up to $12M in fees
Wheels Up to deploy Surf Air's BrokerOS, powered by Palantir AIP/Foundry, replacing multiple legacy platforms.
Surf Air Mobility Q1 revenue $25.6M; adjusted EBITDA loss $12.3M beats guidance
Total revenue $25.6M, at high end of $24-26M guidance, up 9% YoY.
Surf Air Mobility raises $15M in registered direct equity offering at $1.10/share
Gross proceeds ~$15M from sale of 13,318,181 shares to LamVen LLC and another institutional investor at $1.10/share.
Surf Air Mobility reports Q4 revenue $26.4M, net loss $36.9M; guides 20-30% revenue growth for 2026
Q4 2025 revenue $26.4M, down 6% YoY; net loss $36.9M vs $1.3M income in prior year.
Q3 revenue $29.2M (above $27-28.5M guidance); net loss $27.2M; Adj. EBITDA loss $9.9M (in line).
Surf Air Mobility raises ~$85M via equity and $74M convertible note; refinances debt
Raised $85M gross from registered direct offering (3.98M shares at $3.32) and private placement (2.05M shares + warrants) and $74M senior secured convertible note (net $65M).
Surf Air Mobility Q3 revenue $29.2M beats guidance; raises FY rev outlook to at least $105M
Revenue $29.2M exceeded guidance of $27-$28.5M; net loss $27.2M.
Surf Air Mobility sees Q3 revenue above $28.5M guidance; Adj EBITDA in line
Revenue expected to exceed prior guidance range of $27M-$28.5M for Q3 2025.
Surf Air Mobility appoints ex-Palantir executive Shawn Pelsinger to board
Shawn Pelsinger appointed as Class A director effective October 8, 2025.
Q2 revenue $27.4M (guidance $23.5-$26.5M); Adj EBITDA loss $9.5M (guidance $10-$13M loss).
Surf Air Mobility shareholders approve reverse split (2:1–5:1), equity plan increase
Elected David Anderman, John D'Agostino, Edward Mady as Class B directors for 3-year term.
Surf Air Mobility raises ~$27M in registered direct offering of 10.8M shares at $2.50
Sold 10,800,002 shares of common stock at $2.50 per share, plus pre-funded warrants for 926,668 shares at $2.4999.
Surf Air Mobility Q1 revenue $23.5M atop guidance; net loss improves to $18.5M
Q1 revenue $23.5M (high end of $21-24M guidance); net loss $18.5M vs $37.0M prior year.
Surf Air Mobility Q4 revenue $28.05M beats guidance; FY Adj EBITDA loss narrows 13%
Q4 revenue $28.05M (+5% YoY) exceeded $25-28M guidance; net income of $1.3M vs ($111M) loss YoY.
Surf Air Mobility appoints Deanna White as permanent CEO & COO
Deanna White appointed permanent CEO & COO effective December 10, 2024; she was interim since May 2024.
Surf Air Mobility secures $50M term loan from Comvest; aims for profitability
Closed $44.5M senior secured term loan (fully funded) + $5.5M delayed draw for interest; SOFR+5%.
Surf Air Mobility beats Q3 revenue and EBITDA expectations, secures $50M term loan
Q3 revenue $28.4M slightly down from pro forma $28.9M but above guidance of $25-28M.
Surf Air Mobility issues 1.27M shares to Palantir for $1.6M in in-kind services
Issued 1,270,869 shares of common stock to Palantir Technologies Inc.
NYSE accepts Surf Air Mobility's plan to regain listing compliance; cure period until Nov 2025
NYSE accepted Surf Air Mobility's compliance plan on August 20, 2024, for minimum market capitalization standard (Section 802.01B).
Surf Air Mobility effects 1-for-7 reverse stock split; director Stan Little resigns
1-for-7 reverse stock split effective August 16, 2024; NYSE trading on post-split basis begins August 19.
Surf Air Mobility Q2 revenue $32.4M beats guidance; EBITDA loss narrows; Palantir venture formed
Revenue $32.4M, up 13.2% YoY pro forma, exceeding $28-31M guidance.
Surf Air Mobility, Palantir form JV for AI aviation platform; targets $5M+ raise
Entered JV agreement on Aug 9, 2024 to form Surf Air Technologies LLC for AI-powered aviation software.
Closed $35.2M mandatory convertible security with GEM, convertible into up to 8M common shares, maturing August 7, 2029.
Stockholders elected Tyrone Bland and Bruce Hack as Class A directors for three-year terms ending 2027.
Surf Air Mobility receives NYSE delisting notice for low market cap and negative equity
30-day average market cap of $40.9M and stockholders' deficit of $106.3M as of March 31, 2024.
Surf Air Mobility appoints Deanna White as Interim CEO and COO; Stan Little remains as advisor
Deanna White appointed Interim CEO and COO effective May 15, 2024, replacing Stan Little who stays as advisor through May 2026.
Surf Air Q1 revenue $30.6M beats guidance; CEO Stan Little steps aside, Deanna White interim CEO
Q1 revenue $30.6M, up 9.5% pro forma YoY, exceeding guidance; net loss $(37.0)M vs $(15.5)M YoY pro forma.
FY23 GAAP revenue $60.5M; pro forma revenue $112.9M (+12% YoY), beating 2023 guidance.
Par amount up to $35.2M convertible into up to 8M common shares at the lower of $4.45 fixed or a floating price.
Surf Air Mobility Enters Binding Terms for $35.2M Convertible Debenture with GEM Global Yield
Term sheet for $35.2M mandatory convertible debenture with GEM Global Yield LLC SCS signed on Dec. 21, 2023.
Surf Air Mobility appoints Oliver Reeves as CFO, replacing Deanna White; Bryce Van named CAO
Reeves receives $650K base salary, 200% target bonus, and option for 1.8M shares with price-based vesting ($3/$5/$7).
Surf Air Mobility Q3 pro forma revenue $28.9M (+6.2% YoY); GAAP net loss $74.6M
GAAP revenue $21.9M; pro forma revenue $28.9M, up 6.2% YoY on a pro forma basis.
Surf Air Mobility files S-1 registering up to 300M shares for potential GEM drawdowns
Registration covers shares issuable under $100M initial GEM Advances plus $50M additional drawdowns under Share Subscription Facility.
Southern Airways H1 2023 net loss $3.9M; cash only $1.1M; going concern doubt
Revenue $45.1M in H1 2023 vs $36.4M prior year; operating loss widened to $3.2M from $1.8M.
On August 18, 2024, director Stan Little resigned from the Board of Directors of Surf Air Mobility Inc. (the “Company”), effective as of August 18, 2024.
Ms. White replaces Stan Little, who has served as the Company’s Chief Executive Officer since July 2023.
On May 14, 2024, the Company announced that Deanna White accepted an offer to become the Company’s Interim Chief Executive Officer and Chief Operating Officer effective May 15, 2024 (the “Effective Date”).
Mr. Reeves replaces Deanna White who has served as the Company’s Chief Financial Officer since December 2022.
the Company announced that Oliver Reeves accepted an offer to become the Company’s Chief Financial Officer effective January 1, 2024
Max materiality 0.85 · Median 0.65 · Most common event other_material