Surf Air Mobility (NYSE:SRFM) on Friday announced the terms of the company’s reverse stock split. On August 8, the Board of Directors selected a reverse split ratio of 1-for-7 shares pursuant to the authorization approved by stockholders. The reverse split will be effective on August 19 for all outstanding shares of Surf Air Mobility’s common stock. The company’s common stock will continue to trade under the symbol “SRFM” and is expected to begin trading on NYSE on a split-adjusted basis on August 19. Immediately following the reverse split there will be approximately 12,826,529 shares of common stock outstanding. SRFM -3.09% after hours to $0.301. Source: Press Release