Surf Air Mobility Inc. (NYSE: SRFM) announced today that it has published an updated investor presentation to the ‘Events & Presentations’ page of its Investor Relations website. The release serves as a communication tool for stakeholders interested in the company’s strategic direction and operational capabilities within the air mobility sector.

The updated materials are available for viewing directly through the company’s digital channels. This publication follows standard corporate communication practices for publicly traded entities seeking to keep investors informed about their business model and technological advancements.

Business Overview

Surf Air Mobility is headquartered in Los Angeles and operates as an air mobility platform. The company leverages its AI-enabled SurfOS software to provide technology designed to support the modernization of air operations and facilitate the adoption of next-generation aircraft.

Operational Scale

The company currently operates one of the largest commuter airlines in the United States by scheduled departures. In addition to its commuter services, Surf Air Mobility provides private charter services. These combined operations generate the scale and real-world operating data necessary to validate and deploy its software solutions.

Management states that these capabilities position Surf Air Mobility as a leader in shaping a more efficient, connected, and accessible future for aviation. The integration of real-world operational data with proprietary software aims to drive efficiency across the aviation value chain.

Surf Air Mobility Inc. has entered into a definitive agreement to refinance its existing senior secured convertible note due 2028, reducing the principal from $74 million to $47 million. The transaction converts the outstanding principal of approximately $46.9 million into a new $16.9 million senior secured convertible note due 2027 and a new non-convertible $30 million senior secured term note due 2028. These moves are designed to significantly lower near-term cash obligations, extend debt maturities, and improve balance sheet liquidity.

Separately, certain subsidiaries received the first disbursement of a new non-convertible $21.6 million asset-backed loan secured by new and existing aircraft. The loan will fund in two tranches, with the first disbursement occurring on June 30, 2026. A second disbursement of $14 million is expected within 30 days, subject to conditions including a guaranty by Surf Air Mobility.

Convertible Refinancing Details

The new structure will reduce the existing convertible note principal by 64% and lower monthly amortization payments from up to $4 million to up to $2 million, a reduction of up to 50%. The company may make these payments in cash or stock, subject to certain conditions, providing additional flexibility to manage liquidity. Surf Air Mobility anticipates closing on the new notes on or about July 1, 2026, subject to certain closing conditions.

Asset-Backed Loan Structure

The $21.6 million asset-backed loan is secured by new and existing aircraft. The table below outlines the disbursement schedule for this facility.

Oliver Reeves, Chief Financial Officer of Surf Air Mobility, stated that the company is positioning itself to shift the majority of its convertible debt to term debt to minimize shareholder dilution. Upon completion, the company expects significantly lower amortization, less dilution, and greater flexibility around liquidity.