Hopscotch has launched two private placement options as part of its plan to expand via a $20 million public offering.
Cirrus SR22 operator Hopscotch Air is providing an update to its previously announced public offering.
It is seeking to raise up to $20 million.
The funds will be used to expand its service in the Philadelphia-New York-Boston corridor.
According to an email from CEO Andrew Schmertz, “The Securities and Exchange Commission has given tentative qualification to the offering, pending state approval.”
State comments are expected by Feb. 1, 2026.
Approval would come after that.
The offering would then be available to investors.
Schmertz wrote, “We remain committed to an OTC Market listing by the end of the second quarter of this year.”
Hopscotch Air also launched two private placement options.
Per the email:
‘The first is to directly purchase Class B Common Shares from Hopscotch Go Corporation at a 15% discount to the $2 share price. These shares would be restricted as part of a private placement. There is no minimum investment. The second is to invest in our SAFE opportunity. Safe stands for Simple Agreement for Future Equity. The value of the investment is based on a future valuation event, and the SAFE immediately converts into Class B Common Shares at a 15% discount upon a valuation event. There is a minimum $15,000 investment in the SAFE.’
Hopscotch Air is looking to grow its fleet to at least 10 air taxis.
The FAA Part 135 list of operators shows three tails available for charter.
It currently operates SR22 and SR20 single-engine piston airplanes.
Two more of the types are scheduled to enter the fleet by Spring 2026.
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