Finance, Taxes, Insurance
Surf Air Mobility To Go Public on NYSE
Flight booking platform Surf Air plans to list its stock in an initial public offering on the New York Stock Exchange.
business people boarding surf air Pilatus PC-12
Flight booking platform Surf Air Mobility wants to take a lead role in the adoption of electric aviation. (Image: Surf Air)

Surf Air Mobility has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) related to plans to list its stock in an initial public offering on the New York Stock Exchange, the California-based company said on Monday.

In November, the flight booking platform signaled its intention to go public on its own following the termination of a $1.42 billion merger with special purpose acquisition company (SPAC) Tuscan Holdings Corp. II. Surf Air had expected that deal, originally announced in May 2022, to raise around $467 million to fund its effort to introduce electric aircraft at partner operators. That announcement came just a few weeks after it confirmed that an earlier plan to acquire powertrain developer Ampaire fell apart.