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.

Surf Air Mobility Inc. reported second quarter 2026 financial results on August 10, 2026, achieving total revenue of $29.5 million, an 8% year-over-year increase driven by a 101% surge in Surf On Demand private charter revenue to $12.1 million. The company posted an adjusted EBITDA loss of $10.5 million and a net loss of $28.1 million. Key operational highlights include securing its first SurfOS enterprise software contract with Wheels Up, valued up to $12 million over three years, and expanding its partnership with Palantir Technologies. Financially, the company reduced existing convertible note principal by 64% through refinancing transactions in July 2026, lowering monthly cash amortization payments by up to 50%. Surf Air Mobility reaffirmed full year 2026 revenue guidance of $128 million to $138 million and issued third quarter 2026 revenue guidance of $35.5 million to $37.5 million. The company operates in the air mobility industry, providing commuter airline services and AI-enabled aviation software platforms.

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.

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.

On June 30, 2026, Surf Air Mobility Inc. executed several financing transactions. The company exchanged a Senior Secured Convertible Note with an outstanding balance of $46,857,142.89 for a new $16,857,142.89 Senior Secured Convertible Note due 2027 (initial conversion price ~$1.116) and a $30,000,000 Senior Secured Term Note due 2028 (12% interest). Additionally, subsidiaries issued $21,600,000 in Senior Secured Debentures maturing June 30, 2031, at 13.5% interest, secured by aircraft assets. The company also reduced the exercise price of existing warrants from $3.32 to $1.12 and amended a reimbursement agreement with Park Lane Investments LLC to include a $14,000,000 letter of credit. The company operates in the aviation industry, providing air mobility services.

Surf Air Mobility Inc. filed a prospectus supplement to its Form S-3 registration statement to register the issuance of 4,761,905 shares of common stock as consideration for license fees and professional services provided by Palantir Technologies Inc. The filing includes a legal opinion from Gibson, Dunn & Crutcher LLP regarding the registration of these shares. Surf Air Mobility Inc. operates in the aviation and regional air mobility industry.