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  "documentTitle": "Surf Air | IPO Presentation Deck | 121 slides",
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  "authorName": "Surf Air Mobility",
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      "text": "(IN THOUSANDS, EXCEPT SHARE AND PER SHARE DATA)",
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      "text": "©2023 CURE AIR MOBILITY",
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      "text": "(1) The amounts in the table above are based on the Assumed Opening Price and the number of shares of our Common Stock that would have been outstanding as of March 31, 2023 and includes (i) 279,720,332 shares of Common Stock issuable upon exercise of stock options outstanding as of March 31, 2023, pursuant to the 2021 Plan, with a weighted average exercise price of $0.01 per share, (ii) 17,500,000 shares of Common Stock issuable upon exercise of preferred share warrants outstanding as of March 31, 2023, with a weighted average exercise price of $0.01, and (iii) future grants of equity awards contemplated under the 2023 Equity Incentive Plan.\n(2) Following the Southern Acquisition and the completion of the listing of our Common Stock, SAM intends to request the full amount of the GDM Advance when they become available in 2023 to augment its capital resources to address its capital needs. However, SAM will be unable to request any of the GDM Advances until a resale registration statement covering the shares to be sold to GDM in accordance with the terms of the Share Subscription facility has been declared effective.\n(3) On an actual basis of SAFE.\n(4) On a pro forma basis to reflect the following transactions, as if such transactions had occurred on March 31, 2023: (i) the internal reorganization (including the Conversions) and the Southern Acquisition; (ii) the Terran Payment; (iii) the SAFE Settlement; (iv) the ADGM Account; (v) the initial GDM Advance, the GDM Purchase and the GDM Advance and (vi) certain other adjustments.\n(5) On an adjusted pro forma basis, which excludes the GDM Advance, the initial SAM funding for which we expect to be paid following the receipt of the GDM Advance and $25 million of the total due under debt and deposit maintenance agreements which will become due following the receipt of a GDM Advance.",
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      "text": "INVESTOR DAY | JUNE 2023",
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      "text": "AS OF MARCH 31, 2023 (unaudited)\nACTUAL PRO FORMA4 PRO FORMA, AS ADJUSTED 5\nCash $241 $55,505 $27,509\nDebt:\nSAFE notes at fair value, current 102 -\nConvertible notes at fair value, current 17,278 -\nFinance lease liability, current - 142 142\nCurrent maturities of long term debt - 2,030 2,030\nCurrent portion due to related parties 14,106 17,563 17,583\nConvertible notes at fair value, long term 13,601 8,000 8,000\nSAFE notes at fair value, long term 30,329 -\nFinance lease liability, long term - 1,786 1,786\nLong-term debt, net of current maturities - 19,662 19,662\nDue to related parties, net of current portion - 5,644 5,644\nTotal debt 75,696 55,747 55,247\nRedeemable convertible preferred share, $0.001 par value, 229,144,283 shares issued and outstanding actual and no shares issued and outstanding pro forma $130,667 -\nStockholders' deficit:\nClass B-6s redeemable convertible preferred shares, $0.001 par value, 71,478,742 shares issued and outstanding actual and no shares issued and outstanding pro forma 3,414 -\nOrdinary shares, $0.001 par value, 279,720,332 shares issued and outstanding and no shares issued and outstanding pro forma 275 -\nSAM Common Stock, $0.0001 par value, no shares issued and outstanding actual and 49,123,453 shares issued and outstanding pro forma and 44,608,453 shares issued and outstanding adjusted pro forma - $4\nAdditional paid-in capital 127,202 672,965 561,850\nAccumulated deficit (372,412) (467,475) (456,365)\nNoncontrolling interests - (670) (670)\nTotal stockholders' equity (deficit) (241,517) 204,617 104,617\nTotal capitalization $(35,254) $255,864 $155,864",
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