Surf Air Presses Ahead with Plans To Go Public with New York Stock Exchange Listing
Surf Air Mobility is going it alone with plans for a New York Stock Exchange listing after filing a registration statement with the U.S. Securities and Exchange Commission on June 5. In November, the flight booking platform, which plans to bring electric and hybrid-electric aircraft into commercial service, 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 via partner operators. That announcement came just a few weeks after it confirmed that an earlier plan to acquire hybrid-electric propulsion developer Ampaire fell apart.
