Surf Air Mobility Announces Effectiveness of Registration Statement for Proposed Direct Listing of Its Common Stock
July 25 2023 - 1:14PM
Business Wire
Surf Air Mobility Inc. (“Surf Air Mobility” or “Surf Air”), a
regional air travel company aiming to sustainably connect the
world’s communities, today announced that its registration
statement on Forms S-1 and S-4 was declared effective by the U.S.
Securities and Exchange Commission (the "SEC") on July 25, 2023.
Surf Air Mobility anticipates that its Common Stock will begin
trading on the New York Stock Exchange under the ticker symbol
“SRFM” on July 27, 2023.
A copy of the prospectus related to the registration statement
may be obtained by visiting the SEC website, by visiting the
investor relations page on Surf Air’s website at
https://investors.surfair.com or by emailing Surf Air’s investor
relations department at investors@surfair.com.
The registration statement relating to these securities has been
filed with, and declared effective by, the SEC. This announcement
does not constitute an offer to sell or the solicitation of an
offer to buy any securities, nor shall there be any sale of these
securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
FORWARD LOOKING STATEMENTS
The information in this press release includes “forward-looking
statements”. Forward-looking statements include, among other
things, statements about: Surf Air Mobility’s expectations
regarding its ability to become a public company; Surf Air
Mobility’s ability to anticipate the future needs of the air
mobility market; future trends in the aviation industry, generally;
and Surf Air Mobility’s future growth strategy and growth rate. In
some cases, you can identify forward-looking statements by
terminology such as “may”, “should”, “could”, “might”, “plan”,
“possible”, “project”, “strive”, “budget”, “forecast”, “expect”,
“intend”, “will”, “estimate”, “anticipate”, “believe”, “predict”,
“potential” or “continue”, or the negatives of these terms or
variations of them or similar terminology. These forward-looking
statements include, without limitation, statements regarding the
satisfaction of required conditions for the listing of the Surf Air
Mobility common stock. Factors that may cause actual results to
differ materially from current expectations include, but are not
limited to: Surf Air Mobility’s future ability to pay contractual
obligations and liquidity will depend on operating performance,
cash flow and ability to secure adequate financing; Surf Air
Mobility’s limited operating history and that Surf Air Mobility has
not yet manufactured any hybrid-electric or fully-electric
aircraft; the powertrain technology Surf Air Mobility plans to
develop does not yet exist; the inability to maintain and
strengthen Surf Air’s brand and its reputation as a regional
airline; any accidents or incidents involving hybrid-electric or
fully-electric aircraft; the inability to accurately forecast
demand for products and manage product inventory in an effective
and efficient manner; the dependence on third-party partners and
suppliers for the components and collaboration in Surf Air
Mobility’s development of hybrid-electric and fully-electric
powertrains, and any interruptions, disagreements or delays with
those partners and suppliers; the inability to execute business
objectives and growth strategies successfully or sustain Surf Air
Mobility’s growth; the inability of Surf Air Mobility’s customers
to pay for Surf Air Mobility’s services; the inability of Surf Air
Mobility to obtain additional financing or access the capital
markets to fund its ongoing operations on acceptable terms and
conditions; the outcome of any legal proceedings that might be
instituted against Surf Air, Southern or Surf Air Mobility; changes
in applicable laws or regulations, and the impact of the regulatory
environment and complexities with compliance related to such
environment; and other risks and uncertainties indicated in the
prospectus. Forward-looking statements are based on the opinions
and estimates of management at the date the statements are made and
are subject to a variety of risks and uncertainties and other
factors that could cause actual events or results to differ
materially from those anticipated in the forward-looking
statements. Although Surf Air Mobility believes that the
expectations reflected in the forward-looking statements are
reasonable, there can be no assurance that such expectations will
prove to be correct. Surf Air Mobility cannot guarantee future
results, level of activity, performance or achievements and there
is no representation that the actual results achieved will be the
same, in whole or in part, as those set out in the forward-looking
statements and financial projections. Forward-looking statements
speak only as of the date they are made. Readers are cautioned not
to put undue reliance on forward-looking statements, and Surf Air
Mobility does not undertake any obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by law.
ABOUT SURF AIR
Surf Air Mobility is a Los Angeles-based electric aviation and
air travel company expanding the category of regional air travel
and reinventing flying through the power of electrification. Surf
Air Mobility intends to develop powertrain technology with its
commercial partners to electrify existing fleets, bringing
electrified aircraft to market at scale in an effort to
substantially reduce the cost and environmental impact of flying.
The management team has deep experience and expertise across
aviation, electrification, and consumer technology.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230721710279/en/
For Press: press@surfair.com
For Investors: investors@surfair.com
Surf Air Mobility (NYSE:SRFM)
Historical Stock Chart
From Apr 2024 to May 2024
Surf Air Mobility (NYSE:SRFM)
Historical Stock Chart
From May 2023 to May 2024