Surf Air Mobility Inc. received a notice from the New York Stock Exchange on July 24, 2026, stating the company is not in compliance with Section 802.01C of the NYSE Listed Company Manual because its average closing price was below $1.00 over 30 consecutive trading days. During its 2026 annual stockholders' meeting held on the same day, shareholders approved an amendment to the Certificate of Incorporation to allow for a reverse stock split with a ratio ranging from 2:1 to 6:1. The company also elected Tyler Painter and Sudhin Shahani to the Board of Directors and ratified PricewaterhouseCoopers LLP as its independent auditor. Surf Air Mobility is an air mobility platform that operates a commuter airline and provides aviation software services.
