tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Surf Air Mobility Raises $85M Through Securities Sale

Story Highlights
Surf Air Mobility Raises $85M Through Securities Sale

TipRanks Black Friday Sale

The latest update is out from Surf Air Mobility, Inc. ( (SRFM) ).

On November 10, 2025, Surf Air Mobility, Inc. entered into securities purchase agreements with institutional investors, resulting in the sale of common stock and warrants, and the issuance of senior secured convertible notes, raising approximately $85 million. The proceeds are intended for funding subsidiaries and repaying existing debt. The company also issued shares to Palantir Technologies as prepayment for services. Additionally, the company faces potential funding uncertainties for its EAS routes due to a federal government shutdown, which could impact operations and liquidity.

The most recent analyst rating on (SRFM) stock is a Hold with a $3.00 price target. To see the full list of analyst forecasts on Surf Air Mobility, Inc. stock, see the SRFM Stock Forecast page.

Spark’s Take on SRFM Stock

According to Spark, TipRanks’ AI Analyst, SRFM is a Neutral.

Surf Air Mobility, Inc. has a low overall stock score due to significant financial challenges, bearish technical indicators, and concerning valuation metrics. While the earnings call provided some positive insights with revenue growth and strategic improvements, these are overshadowed by the company’s financial instability and negative market momentum.

To see Spark’s full report on SRFM stock, click here.

More about Surf Air Mobility, Inc.

Surf Air Mobility, Inc. is involved in the aviation industry, focusing on providing air services, including operating Essential Air Service (EAS) routes under contracts with the United States Department of Transportation, which helps maintain scheduled air services for small communities in the U.S.

Average Trading Volume: 2,769,445

Technical Sentiment Signal: Sell

Current Market Cap: $134.5M

For a thorough assessment of SRFM stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1