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Surf Air Mobility Announces Closing of $15 Million Registered Direct Offering of Common Stock

SRFM
  • Surf Air Mobility Inc. closed a registered direct offering of 13,318,181 common shares sold to institutional investors at $1.10 per share.
  • The company also sold 257,353 common shares to directors & officers at $1.36 per share, matching the NYSE closing price on April 17, 2026.
  • Gross proceeds from the offering totaled approximately $15 million before fees & expenses.
  • Net proceeds are intended to accelerate SurfOS software implementation, electrification initiatives, & repayment of existing liabilities.
  • A.G.P./Alliance Global Partners served as the financial advisor for the transaction.
  • The offering was executed under an effective Form S-3 shelf registration statement filed with the SEC in November 2025.