Surf Air Mobility Publicly Files Form S-1 Registration Statement Related to Previously Announced Funding from Gem Global Yield LLC SCS
Surf Air Mobility Inc. (NYSE: SRFM) (“Surf Air Mobility” or “Surf Air”), a regional air mobility platform aiming to sustainably connect the world’s communities, today publicly filed a Form S-1 registration statement with the U.S. Securities and Exchange Commission (“the SEC”) registering up to 25.0 million shares to satisfy certain conditions associated with the previously disclosed share subscription facility it has entered into with Luxembourg-based Gem Global Yield LLC SCS (“GGY”).
- Surf Air Mobility Inc. (NYSE: SRFM) (“Surf Air Mobility” or “Surf Air”), a regional air mobility platform aiming to sustainably connect the world’s communities, today publicly filed a Form S-1 registration statement with the U.S. Securities and Exchange Commission (“the SEC”) registering up to 25.0 million shares to satisfy certain conditions associated with the previously disclosed share subscription facility it has entered into with Luxembourg-based Gem Global Yield LLC SCS (“GGY”).
- Any drawn advance will reduce the amount that Surf Air can request for future draw downs.
- Surf Air Mobility intends to utilize the shares registered pursuant to the Form S-1 registration statement to request advances under the share subscription facility and satisfy other current obligations to register shares previously issued to GGY.
- Surf Air Mobility intends to request such advances as needed and in increments aligned to the long-term growth of its business.