Surf Air Mobility Announces Open Market Purchases of Company Stock by Board Members
Surf Air Mobility (NYSE: SRFM) announced significant insider stock purchases by board members. Chairman Carl Albert acquired 14,500 shares and Co-Founder Sudhin Shahani purchased 17,237 shares, totaling 31,737 shares for approximately $110,000 in open market transactions.
The purchases align with the company's Transformation Plan, which includes goals to increase shareholder value and achieve profitability in airline operations by fiscal year 2025. The company is focusing on developing and implementing its SurfOS software to enhance operational efficiency.
Surf Air Mobility (NYSE: SRFM) ha annunciato acquisti significativi di azioni da parte dei membri del consiglio. Il presidente Carl Albert ha acquisito 14.500 azioni e il cofondatore Sudhin Shahani ha acquistato 17.237 azioni, per un totale di 31.737 azioni per un valore di circa 110.000 dollari in transazioni sul mercato aperto.
Gli acquisti sono in linea con il Piano di Trasformazione dell'azienda, che include obiettivi per aumentare il valore per gli azionisti e raggiungere la redditività nelle operazioni aeree entro l'anno fiscale 2025. L'azienda si sta concentrando sullo sviluppo e sull'implementazione del suo software SurfOS per migliorare l'efficienza operativa.
Surf Air Mobility (NYSE: SRFM) anunció compras significativas de acciones por parte de los miembros de la junta. El presidente Carl Albert adquirió 14,500 acciones y el cofundador Sudhin Shahani compró 17,237 acciones, sumando un total de 31,737 acciones por aproximadamente $110,000 en transacciones en el mercado abierto.
Las compras se alinean con el Plan de Transformación de la empresa, que incluye objetivos para aumentar el valor para los accionistas y alcanzar la rentabilidad en las operaciones aéreas para el año fiscal 2025. La empresa se está enfocando en desarrollar e implementar su software SurfOS para mejorar la eficiencia operativa.
서프 에어 모빌리티 (NYSE: SRFM)는 이사회 멤버들의 중요한 내부 주식 구매를 발표했습니다. 의장인 칼 알버트는 14,500주를 매입했고, 공동 창립자 수딘 샤하니는 17,237주를 구매하여 총 31,737주를 약 110,000달러에 개방 시장 거래로 확보했습니다.
이 구매는 회사의 변혁 계획과 일치하며, 주주 가치를 증가시키고 2025 회계연도까지 항공사 운영의 수익성을 달성하기 위한 목표가 포함되어 있습니다. 회사는 운영 효율성을 향상시키기 위해 서프OS 소프트웨어의 개발 및 구현에 집중하고 있습니다.
Surf Air Mobility (NYSE: SRFM) a annoncé des achats d'actions importants par des membres du conseil d'administration. Le président Carl Albert a acquis 14 500 actions et le cofondateur Sudhin Shahani a acheté 17 237 actions, totalisant 31 737 actions pour environ 110 000 dollars lors de transactions sur le marché ouvert.
Ces achats s'inscrivent dans le cadre du Plan de Transformation de l'entreprise, qui comprend des objectifs pour augmenter la valeur pour les actionnaires et atteindre la rentabilité dans les opérations aériennes d'ici l'exercice fiscal 2025. L'entreprise se concentre sur le développement et la mise en œuvre de son logiciel SurfOS pour améliorer l'efficacité opérationnelle.
Surf Air Mobility (NYSE: SRFM) gab bedeutende Insider-Aktienkäufe durch die Vorstandsmitglieder bekannt. Der Vorsitzende Carl Albert erwarb 14.500 Aktien und Mitgründer Sudhin Shahani kaufte 17.237 Aktien, insgesamt 31.737 Aktien im Wert von etwa 110.000 Dollar in Transaktionen am offenen Markt.
Die Käufe stehen im Einklang mit dem Transformationsplan des Unternehmens, der Ziele zur Steigerung des Shareholder-Value und zur Erzielung von Rentabilität im Airline-Betrieb bis zum Geschäftsjahr 2025 umfasst. Das Unternehmen konzentriert sich auf die Entwicklung und Implementierung seiner SurfOS-Software, um die operative Effizienz zu verbessern.
- Insider buying of 31,737 shares worth $110,000 demonstrates management confidence
- Clear profitability target set for fiscal year 2025
- Implementation of SurfOS software to improve operational efficiency
- Company currently not profitable
Chairman of the Board, Carl Albert, and Co-Founder and Member of the Board, Sudhin Shahani, purchased an aggregate total of 31,737 shares of Surf Air Mobility Inc. common stock.
Mr. Albert said: “The Board of Directors and our senior leadership have built, approved and are executing our Transformation Plan. We have near and midterm goals to increase value for our shareholders. We are firmly and financially committed to successful execution of our Transformation Plan.”
Surf Air has made several recent announcements related to the Company’s Transformation Plan, a strengthened balance sheet, and our goal to achieve profitability in airline operations in fiscal year 2025. The Company remains focused on development and implementation of its SurfOS software to drive efficiencies in operations.
About Surf Air Mobility
Surf Air Mobility is a
Forward-Looking Statement
This Press Release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including Surf Air’s ability to anticipate the future needs of the air mobility market; Surf Air’s profitability and future financial results; and Surf Air’s balance sheet and liquidity. Readers of this release should be aware of the speculative nature of forward-looking statements. These statements are based on the beliefs of the Company’s management as well as assumptions made by and information currently available to the Company and reflect the Company’s current views concerning future events. As such, they are subject to risks and uncertainties that could cause actual results or events to differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, among many others: Surf Air’s future ability to pay contractual obligations and liquidity will depend on operating performance, cash flow and ability to secure adequate financing; the dependence on third-party partners and suppliers for the components and collaboration in Surf Air’s development of its advanced air mobility software platform, and any interruptions, disagreements or delays with those partners and suppliers; the inability to execute business objectives and growth strategies successfully or sustain Surf Air’s growth; the inability of Surf Air’s customers to pay for Surf Air’s services; the inability of Surf Air to obtain additional financing or access the capital markets to fund its ongoing operations on acceptable terms and conditions; the outcome of any legal proceedings that might be instituted against Surf Air, the risks associated with Surf Air’s obligations to comply with applicable laws, government regulations and rules and standards of the New York Stock Exchange; and general economic conditions. These and other risks are discussed in detail in the periodic reports that the Company files with the SEC, and investors are urged to review those periodic reports and the Company’s other filings with the SEC, which are accessible on the SEC’s website at www.sec.gov, before making an investment decision. The Company assumes no obligation to update its forward-looking statements except as required by law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241227958960/en/
Surf Air Mobility Media Contacts
Press: press@surfair.com
Investors: investors@surfair.com
Source: Surf Air Mobility Inc.
FAQ
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