Surf Air Mobility Proposes Reverse Stock Split, Targeting NYSE Compliance

Surf Air Mobility Inc. is seeking shareholder authorization for a reverse stock split at a ratio between 1-for-2 and 1-for-6.

The company will present the proposal at its virtual annual meeting on July 24, 2026. If approved, the board maintains discretion to implement the split within 12 months.

The split aims to satisfy New York Stock Exchange minimum bid price requirements. The action reduces outstanding shares while keeping authorized shares at 800 million.

Shareholders will also vote to elect two Class C directors. The agenda includes the ratification of PricewaterhouseCoopers LLP as the company's auditor.