secwatch.observer — SEC 8-K summary
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Issuer:     Global Crossing Airlines Group Inc. (JETMF)
CIK:        0001846084
Form:       8-K
Filed at:   2023-02-01T23:59:59+00:00
Accession:  0001193125-23-021369
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Global Crossing Airlines secures $5M loan at 20% interest to fund fleet expansion
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- Up to $5M promissory note from a third-party lender, unsecured, non-convertible, no warrants.
- Loan bears 20% annual interest, six-month maturity, funded in two $2.5M tranches.
- Proceeds will support working capital, charter operations, and delivery of four freighter aircraft in Q1 2023.
- Company took possession of first A321 freighter on Jan 26 and expects three more within 45 days.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1846084/000119312523021369/0001193125-23-021369-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1846084/000119312523021369/d452836d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-021369

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer