Global Crossing Airlines raises up to $6M via debentures and warrants; funds aircraft expansion

Global Crossing Airlines Group Inc.

Non-convertible debentures of up to $6M with 15% annual interest, payable quarterly; maturity 24 months.
Alterna Capital Partners leads with $2.5M commitment; each $1.24 principal includes one warrant exercisable at $1.24 for 24 months.
Proceeds to fund three additional A320 passenger aircraft by Q2 2022 and deposits for first four A321F cargo aircraft by Q4 2022.
Debentures secured by a lien on the company's tangible fixed assets; company may prepay with 10% premium if within first year.
Closing subject to stock exchange approval and customary conditions; securities issued under Regulation D exemption.

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