Surf Air Mobility gets NYSE notice after shares average below $1 for 30 days

Reuters2026/07/24 21:15

By:Reuters

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Surf Air Mobility received an NYSE notice on July 24, 2026 for failing the $1 minimum average closing price rule over 30 trading days.
Shares will keep trading on the NYSE under SRFM during a six-month cure period, subject to other continued listing standards.
Company plans to notify the NYSE within 10 business days of its intent to regain compliance, targeting an organic recovery in the share price.
Reverse stock split remains an option if needed, following shareholder authorization at the July 24, 2026 annual meeting.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Surf Air Mobility Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202607241715BIZWIRE_USPR_____20260724_BW955370) on July 24, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Surf Air Mobility gets NYSE notice after shares average below $1 for 30 days

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