{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-303027","form_type":"8-K/A","ticker":"JETMF","cik":"0001846084","company_name":"Global Crossing Airlines Group Inc.","filed_at":"2023-12-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:31.005605+00:00","generated_at":"2026-06-07T07:34:06.769124+00:00","sec_items":["1.01","2.03","3.02","5.02","7.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Global Crossing Airlines closes $5M additional notes; repurchases $4.3M existing notes","bullets":["Issued $5M of additional 15% Senior Secured Notes due 2029; net proceeds repurchased $4.316M of Aug 2023 notes.","Issued 1,428,736 warrants at $1.00 exercise price, expiring June 30, 2030; cancelled 1,233,285 previously issued warrants.","Andrew Axelrod appointed to board effective August 3, 2024 per subscription agreement board seat provision.","Notes are same series as Aug 2023 notes; secured by substantially all assets and guaranteed by material subsidiaries."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-303027","json":"https://secwatch.observer/filing/0001193125-23-303027.json","markdown":"https://secwatch.observer/filing/0001193125-23-303027.md","text":"https://secwatch.observer/filing/0001193125-23-303027.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1846084/000119312523303027/0001193125-23-303027-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1846084/000119312523303027/d217794d8ka.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T07:34:06.769124+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"420143bb92d7813c3a328c1ee3491ba8dbd10912","claim":"Global Crossing Airlines Group Inc. incurred senior notes of $5 million with Additional Purchasers at 15% per annum.","evidence_excerpt":"On December 21, 2023, the Issuer, GCA and the Guarantors, and certain other Purchasers (the “Additional Purchasers” and together with the Initial Purchasers, the “Purchasers”) entered into a Subscription Agreement for the sale of an additional $5 million of Notes (the “Additional Notes”) and 1,428,736 warrants.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1846084/000119312523303027/0001193125-23-303027-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$5 million"},{"label":"Counterparty","value":"Additional Purchasers"},{"label":"Rate","value":"15% per annum"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"d4f2aa94c298c58225449b83d83675736b631a96","claim":"Global Crossing Airlines Group Inc. incurred senior notes of $35 million with Initial Purchasers at 15% per annum maturing August 2, 2029.","evidence_excerpt":"Pursuant to the terms of the Subscription Agreement, on the Closing Date, the Initial Purchasers purchased (i) of Senior Secured Notes due 2029 (“Notes”) in the aggregate principal amount of $35 million","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1846084/000119312523303027/0001193125-23-303027-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$35 million"},{"label":"Counterparty","value":"Initial Purchasers"},{"label":"Rate","value":"15% per annum"},{"label":"Maturity","value":"August 2, 2029"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"193dad4737","claim":"Andrew Axelrod was appointed as director at Global Crossing Airlines Group Inc..","evidence_excerpt":"Pursuant to the Subscription Agreement, the board of directors of the Issuer appointed Andrew Axelrod a director of the Issuer on August 3, 2024, effective immediately.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1846084/000119312523303027/0001193125-23-303027-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"director"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}