Surf Air Mobility Inc. /
Southern Airways
Surf Air Mobility completes acquisition of Southern Airways
What happened
Surf Air Mobility Inc. completed its acquisition of Southern Airways Corporation on July 27, 2023, with Southern continuing as a wholly-owned subsidiary of Surf Air Mobility Inc.
The merger consideration was based on the greater of $81.25 million in company shares or 12.5% of fully diluted shares. The filing says 16,249,963 shares were allocated to Southern shareholders.
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Surf Air Mobility completes acquisition of Southern Airways
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