Summary by Futu AI
Palantir Technologies Inc. has filed an amended Schedule 13G with the United States Securities and Exchange Commission on October 4, 2024, indicating a significant increase in its stake in Surf Air Mobility Inc. As of October 2, 2024, Palantir owns 2,730,166 shares of Surf Air Mobility's common stock, which represents 18.5% of the company, reflecting a greater than 5% increase from its previous report filed on July 3, 2024. The increase includes 1,270,869 shares received as payment for outstanding receivables. Additionally, the filing acknowledges a 1-for-7 reverse stock split by Surf Air Mobility on August 19, 2024. Palantir, a Delaware corporation with its principal business office in Denver, Colorado, asserts that the acquisition of these shares is not for the purpose of changing or influencing the control of Surf Air Mobility.