Surf Air Mobility Inc. satisfied the closing conditions for the second tranche of a Secured Purchase Agreement on August 10, 2026, resulting in the issuance of Senior Secured Debentures with an aggregate principal amount of approximately $14 million. This follows an initial issuance of approximately $7 million on June 30, 2026, bringing the total face value of the debentures to $21.6 million. The company intends to use the net proceeds from this second tranche for general working capital purposes. Surf Air Mobility Inc. operates in the aviation industry, providing subscription-based private jet and helicopter travel services.
