Surf Air Mobility Receives Noncompliance Notice From NYSE

MT Newswires Live05-25

Surf Air Mobility (SRFM) said late Friday it received a noncompliance notice from the New York Stock Exchange because the company's average global market capitalization over 30 straight trading days was less than $50 million and stockholder equity was less than $50 million.

The company said it expects to submit a plan to the NYSE to regain compliance with the listing standard, and if the stock exchange approves the plan, Surf Air Mobility's shares will continue to be listed and traded on the NYSE during the 18-month cure period.

The notice has no immediate impact on the listing and trading of the stock, the company said.

Price: 0.3700, Change: +0.03, Percent Change: +10.22

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