04:34 PM EDT, 05/24/2024 (MT Newswires) -- Surf Air Mobility ( SRFM ) said late Friday it received a noncompliance notice from the New York Stock Exchange because the company's average global market capitalization over 30 straight trading days was less than $50 million and stockholder equity was less than $50 million.

The company said it expects to submit a plan to the NYSE to regain compliance with the listing standard, and if the stock exchange approves the plan, Surf Air Mobility's ( SRFM ) shares will continue to be listed and traded on the NYSE during the 18-month cure period.

The notice has no immediate impact on the listing and trading of the stock, the company said.

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