NYSE Delisting Notice Hits Surf Air Mobility After Sub-$1 Stock Price; Shareholders Approve Reverse Split
SRFM sits 17% above its 52-week low of $0.665 on light trading volume (0.2× avg).
Summary
Surf Air Mobility received an NYSE delisting notice for its sub-$1.00 stock price and disclosed that shareholders approved a reverse stock split (2:1 to 6:1) at the July 24 annual meeting. The company has six months to regain compliance.
Key Events · Legal and Risk Events · SRFM
-
NYSE Delisting Notice Received
On July 24, 2026, the NYSE notified Surf Air Mobility that its average closing price fell below $1.00 over 30 consecutive trading days, violating Section 802.01C. The company has six months to regain compliance.
-
Shareholders Approve Reverse Stock Split
At the annual meeting, shareholders approved a reverse stock split at a ratio between 2:1 and 6:1. The vote was 54.9 million for, 9.5 million against, and 189,420 abstentions.
-
Compliance Strategy Disclosed
The company intends to first try to regain compliance organically. If that fails, it will use the reverse stock split as a backup. Under NYSE rules, a reverse split cures the deficiency if the price promptly exceeds $1.00 and stays above for 30 trading days.
-
Directors Elected, Auditor Ratified
Tyler Painter and Sudhin Shahani were elected as Class C directors. PricewaterhouseCoopers was ratified as the independent auditor for fiscal 2026.
Analysis · SRFM · Energy & Transportation
A formal NYSE delisting notice has been triggered after Surf Air Mobility's stock slipped below $1.00, giving the company six months to regain compliance. At the annual meeting, shareholders approved a reverse stock split ranging from 2:1 to 6:1, providing management with a tool to cure the price deficiency. The company intends to pursue an organic recovery first, but the reverse split stands as a clear backup plan. With a market cap near $88 million and a stock price of $0.78, the delisting risk is acute. The recent debt restructuring and dilutive share issuances to Palantir underscore the financial pressure. This filing confirms that the company is in a fight to maintain its NYSE listing.
How filings like this one have moved
In the 30 days to Sep 17, 2026, 40.7% of the 383 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.55%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, SRFM was trading at $0.78 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $88.3M. The 52-week trading range was $0.67 to $6.17. This filing was assessed with negative market sentiment and an importance score of 9 out of 10.