Surf Air Mobility Raises $20 Million in Private Placement of Shares and Warrants

Reuters11-10

Surf Air Mobility Raises $20 Million in Private Placement of Shares and Warrants

Surf Air Mobility Inc. has announced the completion of a private placement involving the sale of 2,048,195 shares of the company's common stock and accompanying warrants to purchase up to 2,048,195 shares, exercisable at $3.32 per share. This private placement formed part of a larger $26 million equity raise aimed at funding the continued development and commercialization of SurfOS, the company's proprietary software platform. The warrants issued in this transaction are immediately exercisable and will expire two years from the issuance date. The closing of this equity issuance is expected to occur on or about November 12, 2025, subject to customary closing conditions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Surf Air Mobility Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20251109892828) on November 10, 2025, and is solely responsible for the information contained therein.

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