Surf Air Mobility Files S-1/A Amendment

TL;DR

Surf Air Mobility filed an S-1/A. Looks like they're still working on their registration.

AI Summary

Surf Air Mobility Inc. filed an S-1/A amendment on July 11, 2024, for its registration statement. The company, incorporated in Delaware, is involved in air transportation, specifically non-scheduled services. Its principal executive offices are located at 12111 S. Crenshaw Blvd., Hawthorne, CA 90250, with a contact phone number of (424) 332-5480.

Why It Matters

This filing indicates ongoing regulatory processes for Surf Air Mobility, which could impact its ability to raise capital or conduct future business operations.

Risk Assessment

Risk Level: medium — S-1/A filings often relate to capital raising or significant corporate changes, which inherently carry risks for investors and the company.

Key Numbers

• 333-279929 — SEC File Number (Identifies the specific registration statement)
• 0001936224 — Central Index Key (Unique identifier for the filer)

Key Players & Entities

• SURF AIR MOBILITY INC. (company) — Registrant
• 0000950170-24-083005 (other) — Accession Number
• 20240711 (date) — Filing Date
• 12111 S. Crenshaw Blvd. Hawthorne, CA 90250 (address) — Principal Executive Offices
• (424) 332-5480 (phone_number) — Business Phone
• Thomas J. Kim (person) — Contact Person
• Peter W. Wardle (person) — Contact Person
• Gibson, Dunn & Crutcher LLP (company) — Legal Counsel

FAQ

Key Financial Figures

• $0.0001 — 0 shares of our common stock, par value $0.0001 per share (“ Common Stock &#x201
• $0.35 — ommon Stock as reported on the NYSE was $0.35 per share. We are an “emerging
• $25 million — o utilize incremental advances of up to $25 million each, in an aggregate amount of up to $
• $100 m — n each, in an aggregate amount of up to $100 million, under the Share Subscription Fac
• $400 million — ny’s equity line of credit up to $400 million pursuant to the second amended and rest
• $75 — egional air-mobility market could reach $75-115B by 2035 and require 18,000-36,000
• $450 million — nto a master agreement to finance up to $450 million to fund the planned growth of our fleet
• $35,200,000 — ble security with a par amount of up to $35,200,000 (the “ Mandatory Convertible Sec
• $4.45 — e Security divided by the lesser of (a) $4.45 (the “ Fixed Conversion Price &#

Filing Documents

• srfm-s1a-july_2024_gem.htm (S-1/A) — 863KB
• srfm-ex10_42.htm (EX-10.42) — 37KB
• srfm-ex10_47.htm (EX-10.47) — 19KB
• srfm-ex23_1.htm (EX-23.1) — 5KB
• srfm-ex23_2.htm (EX-23.2) — 5KB
• img230679270_0.jpg (GRAPHIC) — 13KB
• 0000950170-24-083005.txt ( ) — 949KB

RISK FACTORS

RISK FACTORS 9 SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS 12

USE OF PROCEEDS

USE OF PROCEEDS 14 DIVIDEND POLICY 15 UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL INFORMATION 16 SELLING STOCKHOLDER 23

DESCRIPTION OF SECURITIES

DESCRIPTION OF SECURITIES 24 PLAN OF DISTRIBUTION 29 LEGAL MATTERS 30 EXPERTS 31 WHERE YOU CAN FIND ADDITIONAL INFORMATION 31 INCORPORATION BY REFERENCE 31 Neither we nor the Selling Stockholder have authorized anyone to provide you with any information or to make any representations other than those contained in this prospectus or in any free writing prospectuses we have prepared. Neither we nor the Selling Stockholder take any responsibility for, and can provide no assurance as to the reliability of, any other information that others may give you. To the extent it sells, the Selling Stockholder is offering to sell, and seeking offers to buy, shares of our Common Stock only in jurisdictions where offers and sales are permitted. The information contained in this prospectus is accurate only as of the date of this prospectus, regardless of the time of delivery of this prospectus or of any sale of our Common Stock. Our business, financial condition, and results of operations may have changed since that date. For investors outside the United States: Neither we nor the Selling Stockholder have done, and have not agreed to do, anything that would permit the use of or possession or distribution of this prospectus in any jurisdiction where action for that purpose is required, other than in the United States. Persons outside of the United States who come into possession of this prospectus must inform themselves about, and observe any restrictions relating to, the offering of the shares of our Common Stock by us or the Selling Stockholder and the distribution of this prospectus outside of the United States. i Table of Contents GLOS SARY As used in this prospectus: • “ AeroTEC ” means Aerospace Testing Engineering & Certification, Inc. • “ Conversions ” means the conversion of SAGL’s issued and outstanding securities based on the Conversion Ratio in connection with the Internal Reorganizatio

View Full Filing

View this S-1/A filing on SEC EDGAR