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:   2023-12-26T23:59:59+00:00
Accession:  0001193125-23-303027
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 3.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Global Crossing Airlines closes $5M additional notes; repurchases $4.3M existing notes
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1846084/000119312523303027/0001193125-23-303027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1846084/000119312523303027/d217794d8ka.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-303027

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