SRFM flags below-$1.00 price print as NYSE issues continued listing notice

NYSE's continued listing notice reached Surf Air Mobility (NYSE: SRFM) on July 24, 2026, after the average closing price of the company's common stock fell below $1.00 across a consecutive 30 trading-day period. The stock remains listed and active on the exchange while the Los Angeles-based air mobility platform navigates a six-month cure window under Section 802.01C of the NYSE Listed Company Manual. The next confirmable date: Surf Air Mobility has 10 business days from July 24 to notify NYSE of its intent to regain compliance.

The rule and what triggers a cure

Section 802.01C sets a clear bar. A listed company must maintain an average closing price of at least $1.00 over any consecutive 30 trading days. Surf Air Mobility's print fell short of that threshold, prompting the formal notice.

The cure standard carries its own conditions. On the last trading day of any calendar month within the six-month window, the company needs both a closing price of at least $1.00 and a 30-trading-day average ending on that same day of at least $1.00. Both figures must be met simultaneously.

Organic path versus reverse split

Surf Air Mobility stated it intends to regain compliance organically. If that path proves insufficient, the company said it will consider alternative measures, including a reverse stock split.

Shareholders gave the company that option at the July 24, 2026 Annual Meeting of Stockholders. Surf Air Mobility was careful to note that the approval does not commit it to any specific course of action.

NYSE's own rules frame how that option would work. If the company elects to cure via a reverse split, the price condition would be deemed satisfied if the share price promptly exceeds $1.00 and holds above that level for at least 30 consecutive trading days.

What to watch

The 8-K draws a clean line between listing status and operations. Surf Air Mobility said the notice is not expected to affect business at its subsidiaries or its SEC reporting obligations. The company currently operates one of the largest commuter airlines in the United States by scheduled departures alongside a private charter business.

For the tape, the sequence runs: the 10-business-day response window closes first, followed by monthly closing-price checkpoints across a six-month cure period that began July 24, 2026.