MarketPR
Closing conditions on Surf Air Mobility Inc.'s (NYSE: SRFM) $21.6 million Senior Secured Debenture program were satisfied August 10, 2026, opening the second tranche of approximately $14 million for issuance.
The initial tranche of approximately $7 million had been drawn on June 30, 2026, when Surf Air and a group of institutional purchasers first executed the Secured Purchase Agreement.
The Hawthorne, California company will direct net proceeds from the second tranche to general working capital.
Tranche structure and deadline extensions The Purchase Agreement, first disclosed in a Form 8-K filed July 1, 2026, established the $21.6 million facility split across two tranches.
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