Deals
Surf Air Secures $200 Million Funding Commitment from GEM
- Global Emerging Markets commitment can be drawn over 3 years
- Surf Air eyes going public via SPAC merger or direct listing
Photographer: Chad Slattery via Surf Air
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Surf Air Mobility Corp., a membership-based private plane operator, has secured a $200 million funding commitment from Global Emerging Markets Group for when it goes public.
The Los Angeles-based company plans to go public in coming months through either a merger with a special purpose acquisition company or a direct listing, Chief Executive Officer Sudhin Shahani said Thursday in an interview. An initial public offering is also on the table, he said.