Surf Air Mobility Files Amendment on Equity Sales
Ticker: SRFM · Form: 8-K/A · Filed: Jul 8, 2024 · CIK: 1936224
Sentiment: neutral
Topics: equity-sale, amendment, securities-filing
TL;DR
Surf Air Mobility amended its filing on equity sales from June 27th.
AI Summary
Surf Air Mobility Inc. filed an amendment (8-K/A) on July 8, 2024, regarding unregistered sales of equity securities that occurred on June 27, 2024. The filing details the terms of these sales, which were conducted under exemptions from registration requirements.
Why It Matters
This amendment provides updated details on the company's issuance of equity, which can impact share structure and investor ownership.
Risk Assessment
Risk Level: medium — Amendments to filings can indicate complexities or changes in previously reported information, warranting closer scrutiny.
Key Numbers
- 001-41759 — SEC File Number (Identifies the company's filing history with the SEC.)
- 36-5025592 — IRS Employer Identification No. (Company's tax identification number.)
Key Players & Entities
- SURF AIR MOBILITY INC. (company) — Registrant
- June 27, 2024 (date) — Date of earliest event reported
- July 8, 2024 (date) — Filing Date
- 12111 S. Crenshaw Blvd. Hawthorne, CA 90250 (address) — Principal executive offices
FAQ
What specific type of equity securities were sold in the unregistered sale on June 27, 2024?
The filing is an amendment (8-K/A) and does not specify the exact type of equity securities sold, but refers to 'Unregistered Sales of Equity Securities'.
Under which exemption from registration were these equity securities sold?
The filing indicates the sales were conducted under exemptions from registration requirements, but the specific exemption is not detailed in this amendment.
What is the purpose of this Amendment No. 1 to the Form 8-K?
Amendment No. 1 is filed to provide updated or corrected information regarding the unregistered sales of equity securities that occurred on June 27, 2024.
Who is the registrant filing this amendment?
The registrant is SURF AIR MOBILITY INC.
When was the original event reported that this amendment pertains to?
The earliest event reported that this amendment pertains to occurred on June 27, 2024.
Filing Stats: 532 words · 2 min read · ~2 pages · Grade level 11.4 · Accepted 2024-07-08 17:28:44
Key Financial Figures
- $0.0001 — h Registered: Common stock, par value $0.0001 per share SRFM New York Stock Excha
- $2 million — common stock for in-kind services worth $2 million. In issuing shares of its common stoc
Filing Documents
- srfm-20240627.htm (8-K/A) — 47KB
- 0000950170-24-082178.txt ( ) — 221KB
- srfm-20240627.xsd (EX-101.SCH) — 60KB
- srfm-20240627_htm.xml (XML) — 5KB
02 Unregistered Sales of Equity Securities
Item 3.02 Unregistered Sales of Equity Securities On June 27, 2024, Surf Air Mobility Inc. (the "Company") issued and sold to Palantir Technologies Inc. an aggregate of 4,856,727 shares of the Company's common stock for in-kind services worth $2 million. In issuing shares of its common stock the Company relied upon the exemption from securities registration afforded by Rule 506 of Regulation D as promulgated by the SEC under the Securities Act of 1933, as amended (the "Securities Act") and/or Section 4(2) of the Securities Act.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized. SURF AIR MOBILITY INC. Date: July 8, 2024 By: /s/ Oliver Reeves Name: Oliver Reeves Title: Chief Financial Officer