# SURF AIR MOBILITY INC. (SRFM) — delisting/forced [announced]
Source: SEC API (secapi.ai) · situation sit_0e295a2da20225f754bc · retrieved 2026-08-11T15:50:47.433Z

## Overview
Surf Air Mobility Inc. is a Los Angeles-based air mobility platform that operates one of the largest commuter airlines in the United States by scheduled departures, provides private charter services, and develops AI-enabled SurfOS software designed to support the modernization of air operations and adoption of next-generation aircraft.

On July 24, 2026, Surf Air Mobility Inc. received notice from the New York Stock Exchange that it is not in compliance with Section 802.01C of the NYSE Listed Company Manual because the average closing price of its common stock was less than $1.00 over a consecutive 30 trading-day period. The notice has no immediate effect on the listing of the company's common stock. The company has a six-month cure period from receipt of the notice to regain compliance by achieving a closing share price of at least $1.00 and an average closing share price of at least $1.00 over the prior 30 trading-day period on the last trading day of any calendar month during the cure period. The company intends to notify the NYSE within 10 business days of its intent to regain compliance and plans to pursue organic growth; if necessary, it will consider alternative means including a reverse stock split, which shareholders approved at the July 24, 2026 annual meeting.

## Terms
- Counterparty: New York Stock Exchange · Price/share: $1

## Key dates
- Announced 2026-07-24 · Vote 2026-07-24 · Expiry 2027-01-24

## Timeline
- 2026-07-24 · 8-K (0001193125-26-316275): 8-K - SURF AIR MOBILITY INC. — *Surf Air Mobility Inc. is a Los Angeles-based air mobility platform that operates one of the largest commuter airlines in the United States by scheduled departures, provides private charter services, and develops AI-enabled SurfOS software designed to support the modernization of air operations and adoption of next-generation aircraft.* On July 24, 2026, Surf Air Mobility Inc. received notice from the New York Stock Exchange that it is not in compliance with Section 802.01C of the NYSE Listed Company Manual because the average closing price of its common stock was less than $1.00 over a consecutive 30 trading-day period. The notice has no immediate effect on the listing of the company's common stock. The company has a six-month cure period from receipt of the notice to regain compliance by achieving a closing share price of at least $1.00 and an average closing share price of at least $1.00 over the prior 30 trading-day period on the last trading day of any calendar month during the cure period. The company intends to notify the NYSE within 10 business days of its intent to regain compliance and plans to pursue organic growth; if necessary, it will consider alternative means including a reverse stock split, which shareholders approved at the July 24, 2026 annual meeting.
  https://www.sec.gov/Archives/edgar/data/1936224/0001193125-26-316275.txt

## Citations
- 0001193125-26-316275 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000119312526316275