Surf Air Mobility Inc Files For Resale Of Up To About 2.0M Shares Of Common Stock By The Selling Stockholders
Portfolio Pulse from Benzinga Newsdesk
Surf Air Mobility Inc has filed for the resale of up to approximately 2.0 million shares of common stock by the selling stockholders, according to an SEC filing.
September 19, 2023 | 1:05 pm
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NEGATIVE IMPACT
Surf Air Mobility's filing for the resale of up to 2.0 million shares could potentially dilute the value of existing shares, potentially impacting the stock price.
The filing for resale of up to 2.0 million shares by Surf Air Mobility could lead to an increase in the number of shares in circulation. This could dilute the value of existing shares, potentially leading to a decrease in the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100