Surf Air MobilityInc.( “ Surf Air Mobility ” or “ SAM ”), a indigenous air trip company aiming to sustainably connect the world’s communities, moment blazoned that a reference price of$20.00 per share of Common Stock has been established by the New York Stock Exchange( the “ NYSE ”) for the anticipated table of SAM’s Common Stock on the NYSE on Thursday, July 27, 2023. The number of shares of SAM’s Common Stock outstanding upon listing will depend on the factual opening trading price per share on the table date. Assuming that the opening trading price per share on the table date equals the reference price of$20.00, SAM would have roughly49.8 million shares of Common Stock outstanding upon listing.1 The reference price isn’t an immolation price. The opening trading price will be determined by steal and sell orders collected by the NYSE from broker- dealers. The reference price may differ materially from the factual opening trading price per share on the NYSE.
For elucidative purposes only, the table below shows the total number of shares of Common Stock anticipated to be outstanding at colorful opening trading prices.
Assumed
Opening
Price
$)
Total Shares of
Common Stock
Outstanding 1
1 Includes estimated shares of Common Stock to be issued in a unborn backing grounded on the reference price or assumed opening price, as applicable( the “ backing shares ”). The number of shares of Common Stock to be issued in similar backing will be grounded on the trading prices of the shares at the time of the backing. For elucidative purposes only, banning the allocation of similar backing shares, the number of shares of Common Stock anticipated to be outstanding at the reference price would be roughly45.4 million shares, at an assumed opening price of$ 45 per share would be roughly43.0 million shares, at an assumed opening price of$ 35 per share would be roughly43.6 million shares, at an assumed opening price of$ 25 per share would be roughly44.6 million shares, at an assumed opening price of$ 15 per share would be roughly47.3 million shares, at an assumed opening price of$ 5 per share would be roughly69.7 million shares and at an assumed opening price of$ 1 per share would be roughly204.2 million shares. This backing is appertained to as the “ GEM Advance ” in the enrollment statement.
The Company has filed a enrollment statement on Forms S- 1 and S- 4 relating to these securities with the Securities and Exchange Commission, and similar enrollment statement was declared effective on July 25, 2023. A dupe of the prospectus related to the enrollment statement may be attained by visiting EDGAR on the SEC website or via the investor relations runner on Surf Air Mobility’s website at https//investors.surfair.com under the “ SEC Forms ” section.
Surf Air Mobility Announces Update Regarding NYSE Reference Price and Common Stock Outstanding
Surf Air MobilityInc.( “ Surf Air Mobility ” or “ SAM ”), a indigenous air trip company aiming to sustainably connect the world’s communities, moment blazoned that a reference price of$20.00 per share of Common Stock has been established by the New York Stock Exchange( the “ NYSE ”) for the anticipated table of SAM’s Common Stock on the NYSE on Thursday, July 27, 2023. The number of shares of SAM’s Common Stock outstanding upon listing will depend on the factual opening trading price per share on the table date. Assuming that the opening trading price per share on the table date equals the reference price of$20.00, SAM would have roughly49.8 million shares of Common Stock outstanding upon listing.1 The reference price isn’t an immolation price. The opening trading price will be determined by steal and sell orders collected by the NYSE from broker- dealers. The reference price may differ materially from the factual opening trading price per share on the NYSE.
For elucidative purposes only, the table below shows the total number of shares of Common Stock anticipated to be outstanding at colorful opening trading prices.
Assumed
Opening
Price
$)
Total Shares of
Common Stock
Outstanding 1
1 Includes estimated shares of Common Stock to be issued in a unborn backing grounded on the reference price or assumed opening price, as applicable( the “ backing shares ”). The number of shares of Common Stock to be issued in similar backing will be grounded on the trading prices of the shares at the time of the backing. For elucidative purposes only, banning the allocation of similar backing shares, the number of shares of Common Stock anticipated to be outstanding at the reference price would be roughly45.4 million shares, at an assumed opening price of$ 45 per share would be roughly43.0 million shares, at an assumed opening price of$ 35 per share would be roughly43.6 million shares, at an assumed opening price of$ 25 per share would be roughly44.6 million shares, at an assumed opening price of$ 15 per share would be roughly47.3 million shares, at an assumed opening price of$ 5 per share would be roughly69.7 million shares and at an assumed opening price of$ 1 per share would be roughly204.2 million shares. This backing is appertained to as the “ GEM Advance ” in the enrollment statement.
The Company has filed a enrollment statement on Forms S- 1 and S- 4 relating to these securities with the Securities and Exchange Commission, and similar enrollment statement was declared effective on July 25, 2023. A dupe of the prospectus related to the enrollment statement may be attained by visiting EDGAR on the SEC website or via the investor relations runner on Surf Air Mobility’s website at https//investors.surfair.com under the “ SEC Forms ” section.
