Surf Air Mobility corrected an inaccurate press statement and closed an exchange converting a $46,857,142.89 outstanding note into a $16,857,142.89 convertible note and a $30,000,000 term note.
Key Highlights:
- Issued correction: company changed “became the first” to “plans to be the first” Part 135 operator to commercialize electric passenger flights.
- Launched Hawaii demo program with BETA; Hawaiian Airlines supporting evaluation activities and stakeholder engagement.
- Closed omnibus exchange: prior note outstanding $46,857,142.89 converted into a $16,857,142.89 Senior Secured Convertible Note due 2027.
- Closed omnibus exchange: remaining $30,000,000 issued as a Senior Secured Term Note due 2028; New Notes issued July 1, 2026.
Original SEC Filing:
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