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Surf Air Mobility, Inc. (SRFM) has provided an announcement.
Surf Air Mobility Inc. executed a reverse stock split on August 16, 2024, consolidating every seven shares into one, resulting in approximately 12.8 million shares of common stock. Trading post-split began on August 19, 2024. Stockholders approved this move earlier in the year, with the exact ratio and timing left to the board’s discretion. Stockholders holding fractions of shares post-split received a cash payout based on the pre-split closing price. Additionally, director Stan Little resigned from the board on August 18, 2024, but will stay on as a Special Advisor to the company, with no disagreements prompting his departure.
See more data about SRFM stock on TipRanks’ Stock Analysis page.
