Surf Air Mobility raises $15M through sale of 13.6M shares at steep discount to insiders

Filed April 21, 2026 · Period ending April 20, 2026 · ~1 min read

Key Changes

• high

  Company sold 13.6M shares in registered direct offering: 13.3M to institutions at $1.10/share and 257K to directors/officers at $1.36/share, raising ~$15M gross. Represents 16% dilution based on 84.3M shares outstanding as of April 17.

  Item 1.01 - Material Agreement verify on EDGAR →
• high

  Institutional investors including existing backer LamVen LLC paid $1.10/share while directors and officers purchased at $1.36/share (the April 17 NYSE closing price), a 24% premium to the institutional price.

  Item 1.01 - Purchase Agreement verify on EDGAR →
• medium

  Company agreed to 30-day lock-up through late May 2026, prohibiting issuance of additional shares or equity equivalents except for employee stock plans. Prevents immediate further dilution but expires quickly.

  Item 1.01 - Issuance Restriction verify on EDGAR →