{"filing":{"accession_number":"0001193125-26-291660","cik":"0001936224","ticker":"SRFM","company_name":"SURF AIR MOBILITY INC.","form":"8-K","filing_date":"2026-07-01","report_date":null,"primary_document":"srfm-20260630.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/1936224/000119312526291660/srfm-20260630.htm"},"events":[{"id":15349,"run_id":13696,"accession_number":"0001193125-26-291660","anchor_item_number":"2.03","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.94,"summary":"Surf Air Mobility entered into an Omnibus Amendment and Exchange Agreement exchanging a $46.9 million Senior Secured Convertible Note for a $16.9 million convertible note and a $30 million term note, and simultaneously obtained a $21.6 million asset-backed loan secured by aircraft, creating approximately $68.5 million in new direct financial obligations and materially restructuring the company's debt and capital structure.","company_name":"SURF AIR MOBILITY INC.","ticker":"SRFM","filing_date":"2026-07-01","form":"8-K","submitted_at":null,"items":[{"id":13077,"accession_number":"0001193125-26-291660","item_number":"1.01","item_title":"Entry into a Material Definitive Agreement","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.92,"reasoning":"The filing discloses two material debt transactions: (1) an Omnibus Amendment and Exchange Agreement exchanging a $46.9 million Senior Secured Convertible Note for a $16.9 million convertible note and a $30 million term note, and (2) a $21.6 million asset-backed loan secured by aircraft. These represent creation of new direct financial obligations totaling approximately $46.9 million in new debt instruments, which is the core substance of Item 1.01 disclosure. While the convertible note involves equity conversion features, the primary event is the issuance of new debt obligations.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-01T12:57:46.052120+00:00","company_name":"","ticker":null,"filing_date":""},{"id":13078,"accession_number":"0001193125-26-291660","item_number":"2.03","item_title":"Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"Surf Air Mobility has entered into definitive agreements creating multiple new direct financial obligations: a $21.6 million non-convertible asset-backed loan (with first disbursement on June 30, 2026), a $16.9 million senior secured convertible note due 2027, and a $30 million non-convertible senior secured term note due 2028. These transactions refinance and restructure existing debt while creating new obligations totaling approximately $68.5 million, materially affecting the company's capital structure and liquidity position.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-01T12:57:46.052120+00:00","company_name":"","ticker":null,"filing_date":""},{"id":13080,"accession_number":"0001193125-26-291660","item_number":"7.01","item_title":"Regulation FD Disclosure.","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.92,"reasoning":"The filing discloses two material debt financing transactions: (1) refinancing of a $46.9 million senior secured convertible note into a $16.9 million convertible note and a $30 million non-convertible term note, and (2) a new $21.6 million asset-backed loan secured by aircraft. These represent creation of new direct financial obligations and restructuring of existing debt, which are core debt_issuance events. The press release emphasizes these transactions are designed to \"strengthen balance sheet and reduce future shareholder dilution,\" indicating material capital structure changes.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-01T12:57:46.052120+00:00","company_name":"","ticker":null,"filing_date":""}]},{"id":15350,"run_id":13696,"accession_number":"0001193125-26-291660","anchor_item_number":"3.02","event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.85,"summary":"Surf Air Mobility issued unregistered equity securities in connection with the debt refinancing, including shares of common stock issuable upon conversion of the $16.9 million convertible note and warrants issued to lenders, with the company agreeing to file a registration statement covering resale of warrant shares.","company_name":"SURF AIR MOBILITY INC.","ticker":"SRFM","filing_date":"2026-07-01","form":"8-K","submitted_at":null,"items":[{"id":13079,"accession_number":"0001193125-26-291660","item_number":"3.02","item_title":"Unregistered Sales of Equity Securities.","event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.85,"reasoning":"Item 3.02 discloses unregistered sales of equity securities, specifically shares of common stock issuable upon conversion of a new $16.9 million convertible note and exercise of warrants issued to lenders. The press release emphasizes the transaction is \"structured to significantly increase balance sheet liquidity while meaningfully reducing shareholder dilution,\" and the company has agreed to file a registration statement covering resale of warrant shares. This is a classic dilutive issuance involving convertible debt and warrants issued in a private placement relying on Section 4(a)(2) and Regulation D exemptions.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-01T12:57:46.052120+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":13077,"accession_number":"0001193125-26-291660","item_number":"1.01","item_title":"Entry into a Material Definitive Agreement","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.92,"reasoning":"The filing discloses two material debt transactions: (1) an Omnibus Amendment and Exchange Agreement exchanging a $46.9 million Senior Secured Convertible Note for a $16.9 million convertible note and a $30 million term note, and (2) a $21.6 million asset-backed loan secured by aircraft. These represent creation of new direct financial obligations totaling approximately $46.9 million in new debt instruments, which is the core substance of Item 1.01 disclosure. While the convertible note involves equity conversion features, the primary event is the issuance of new debt obligations.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-01T12:57:46.052120+00:00","company_name":"SURF AIR MOBILITY INC.","ticker":"SRFM","filing_date":"2026-07-01"},{"id":13078,"accession_number":"0001193125-26-291660","item_number":"2.03","item_title":"Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"Surf Air Mobility has entered into definitive agreements creating multiple new direct financial obligations: a $21.6 million non-convertible asset-backed loan (with first disbursement on June 30, 2026), a $16.9 million senior secured convertible note due 2027, and a $30 million non-convertible senior secured term note due 2028. These transactions refinance and restructure existing debt while creating new obligations totaling approximately $68.5 million, materially affecting the company's capital structure and liquidity position.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-01T12:57:46.052120+00:00","company_name":"SURF AIR MOBILITY INC.","ticker":"SRFM","filing_date":"2026-07-01"},{"id":13079,"accession_number":"0001193125-26-291660","item_number":"3.02","item_title":"Unregistered Sales of Equity Securities.","event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.85,"reasoning":"Item 3.02 discloses unregistered sales of equity securities, specifically shares of common stock issuable upon conversion of a new $16.9 million convertible note and exercise of warrants issued to lenders. The press release emphasizes the transaction is \"structured to significantly increase balance sheet liquidity while meaningfully reducing shareholder dilution,\" and the company has agreed to file a registration statement covering resale of warrant shares. This is a classic dilutive issuance involving convertible debt and warrants issued in a private placement relying on Section 4(a)(2) and Regulation D exemptions.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-01T12:57:46.052120+00:00","company_name":"SURF AIR MOBILITY INC.","ticker":"SRFM","filing_date":"2026-07-01"},{"id":13080,"accession_number":"0001193125-26-291660","item_number":"7.01","item_title":"Regulation FD Disclosure.","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.92,"reasoning":"The filing discloses two material debt financing transactions: (1) refinancing of a $46.9 million senior secured convertible note into a $16.9 million convertible note and a $30 million non-convertible term note, and (2) a new $21.6 million asset-backed loan secured by aircraft. These represent creation of new direct financial obligations and restructuring of existing debt, which are core debt_issuance events. The press release emphasizes these transactions are designed to \"strengthen balance sheet and reduce future shareholder dilution,\" indicating material capital structure changes.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-01T12:57:46.052120+00:00","company_name":"SURF AIR MOBILITY INC.","ticker":"SRFM","filing_date":"2026-07-01"}]}