12/11/2024 | Press release | Distributed by Public on 12/11/2024 16:22
Item 3.02 Unregistered Sales of Equity Securities
On December 9, 2024, Surf Air Mobility Inc. (the "Company") issued and sold to Palantir Technologies Inc. an aggregate of 446,830 shares of the Company's common stock for in-kind services worth approximately $2.0 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.