We are advising Surf Air Mobility on the sale of its convertible security

Davis Polk is advising Surf Air Mobility Inc. in connection with its unregistered sale of a mandatory convertible security with a par amount of up to $35.2 million. The security will be issued and sold in connection with the refinancing of Surf Air Mobility’s existing share subscription facility. The transaction is expected to close by the end of the second quarter of 2024, subject to the satisfaction or waiver of certain closing conditions.

Surf Air Mobility is a Los Angeles-based regional air mobility platform expanding the category of regional air travel to transform flying through the power of electrification.

The Davis Polk corporate team includes partner Alan F. Denenberg and associate Dana Lueck-Mammen. All members of the Davis Polk team are based in the Northern California office.

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