Financing ·
Surf Air Mobility closes debt exchange, swapping $46.9M 2028 notes for new 2027 and 2028 instruments
SRFMSurf Air Mobility Inc.
Surf Air Mobility Inc. closed a debt exchange transaction on July 1, 2026, exchanging a $46,857,142.89 balance of a 2028 Senior Secured Convertible Note for a new $16,857,142.89 Senior Secured Convertible Note due 2027 and a $30,000,000 Senior Secured Term Note due 2028. Additionally, the company corrected a previous statement regarding its status as the first Part 135 operator to commercialize electric passenger flights, clarifying that it plans to be the first rather than having already achieved it. Surf Air Mobility Inc. operates in the aviation industry, providing regional air mobility solutions.