Surf Air Mobility disclosed that conditions for the second tranche of its previously announced secured debenture deal have now been met. The company had already issued about $7 million of the $21.6 million in senior secured debentures on June 30; the remaining roughly $14 million is now cleared to fund general working capital. The deadline to satisfy those conditions was pushed out twice, from 30 days to 40 and finally 42 days after the purchase agreement.
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