secwatch.observer — SEC 8-K summary
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Issuer:     Global Crossing Airlines Group Inc. (JETMF)
CIK:        0001846084
Form:       8-K/A
Filed at:   2022-04-01T23:59:59+00:00
Accession:  0001193125-22-092780
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 closes US$6.0M secured debenture financing at 15% interest, issues warrants
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- Gross proceeds of US$6.0M from non-convertible debentures maturing in 24 months, bearing 15% annual interest payable quarterly.
- Each US$1.24 principal amount includes one warrant; total 4,838,707 warrants exercisable at US$1.24 per share for 24 months.
- Net proceeds to fund three additional A320 passenger aircraft for charter by Q2 2022 and deposits for first four A321F cargo aircraft by Q4 2022.
- Lead investor Alterna Capital Partners; related party transaction: director's affiliate purchased US$200,000 of debentures.
- Finder's fees of US$41,175 paid; debentures secured by tangible fixed assets.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1846084/000119312522092780/0001193125-22-092780-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1846084/000119312522092780/d293696d8ka.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-092780

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