Surf Air Mobility (SRFM) Sells $2M of Shares to Palantir (PLTR)

On June 27, 2024, Surf Air Mobility (NYSE: SRFM) issued and sold to Palantir Technologies Inc. (NYSE: PLTR) an aggregate of 4,856,727 shares of the Company’s common stock for in-kind services worth $2 million.

In issuing shares of its common stock the Company relied upon the exemption from securities registration afforded by Rule 506 of Regulation D as promulgated by the SEC under the Securities Act of 1933, as amended (the “Securities Act”) and/or Section 4(2) of the Securities Act.

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