Surf Air Mobility Closes ~$14M Second Tranche of Secured Debenture Financing

Surf Air Mobility Inc. announced it has satisfied all closing conditions for the second tranche of its previously disclosed Secured Purchase Agreement, resulting in the issuance of approximately $14 million in Senior Secured Debentures. This completes the total $21.6 million financing arrangement originally entered into on June 30, 2026.

Key Details

• Agreement: The financing is part of a Secured Purchase Agreement for a total of $21.6 million in Senior Secured Debentures.
• Tranches & Timeline: The initial tranche of approximately $7 million was issued on June 30, 2026. The closing conditions for the second and final tranche of ~$14 million were satisfied on August 10, 2026.
• Use of Proceeds: The company will use the net proceeds from this second issuance for general working capital purposes.