secwatch.observer — SEC 8-K summary
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Issuer:     Global Crossing Airlines Group Inc. (JETMF)
CIK:        0001846084
Form:       8-K
Filed at:   2022-03-23T23:59:59+00:00
Accession:  0001193125-22-082904
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1846084/000119312522082904/0001193125-22-082904-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1846084/000119312522082904/d332769d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-082904

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