Your email has been successfully added to our mailing list.

×
-0.00483091787439625 0.00483091787439603 0.0144927536231883 -0.0772946859903382 -0.113526570048309 -0.0821256038647344 -0.106280193236715 -0.110917874396135
Stock impact report

Surf Air Mobility Secures $50 Million Financing to Fund Transformation Plan and Path to Profitability [Yahoo! Finance]

Surf Air Mobility Inc. (SRFM) 
Company Research Source: Yahoo! Finance
At SOFR +5%, Term Loan Lowers Company's Cost of Capital and Minimizes Dilution Robust Cash Position Enables New Management Team to Advance Four Phase Transformation Plan LOS ANGELES, November 14, 2024 BUSINESS WIRE )--Surf Air Mobility Inc. (NYSE: SRFM) ("the Company"), a leading regional air mobility platform, today announced the closing and funding of its new Senior Secured Term Loan from Comvest Partners, a multi-billion-dollar investment management firm. The new facility is comprised of (i) a $44.5 million term loan, which was fully funded today, and (ii) a $5.5 million delayed draw term loan to be used for interest payments over the first 18 months. Oliver Reeves, Chief Financial Officer, said: "Today we have fundamentally restructured our balance sheet – addressing our near-term liquidity constraints, lowering our cost of capital, minimizing potential dilution under our equity share subscription facility, and repositioning Surf Air Mobility for profitable growth. Alongsid Show less Read more
Impact Snapshot
Event Time:
SRFM
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
Last price at news event
Since Event
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
Last Price
VWAP
High:
Max Up
High:
Low:
Max Down
Low:
%
Post news range
%
Price change

Price Change Percentage


S&P 500
(SPX)

%

Volume ratio
%

Volume
Ticks

Avg transaction size

Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Opt-in for SRFM alerts
Opt-in for
SRFM alerts

from News Quantified
Opt-in for
SRFM alerts

from News Quantified