Altair International to issue 85% of shares to acquire Premier Air Charter in reverse merger

Premier Air Charter Holdings Inc.

Altair will exchange 85% of its issued common stock (up to 270M shares) for all outstanding shares of Premier.
At closing, Altair will have no liabilities; Premier's officers and directors will take control of Altair.
Premier is a private air charter company; closing requires Premier to provide two years of PCAOB-audited financials.
The merger qualifies as a tax-free reorganization under Section 368 of the Code.
Merger Sub will be merged into Premier, making Premier a wholly owned subsidiary of Altair.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Premier Air Charter Holdings Inc. entered into Agreement and Plan of Merger with Premier Air Charter, Inc., Premier Air Charter Merger Sub, Inc., and TIPP Aviation, LLC, the sole shareholder of Premier (effective 2024-02-16).

Action: entry
Agreement: merger
Counterparty: Premier Air Charter, Inc., Premier Air Charter Merger Sub, Inc., and TIPP Aviation, LLC, the sole shareholder of Premier
Effective: 2024-02-16

Exact text from the filing

On February 16, 2024, the registrant ("Altair") entered into an Agreement and Plan of Merger (the “Merger Agreement”) among Premier Air Charter, Inc. (“Premier”), Premier Air Charter Merger Sub, Inc. (“Merger Sub”), and TIPP Aviation, LLC, the sole shareholder of Premier.

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38 material agreements filed in the last 30 days. Browse all material agreements →

Premier Air Charter Holdings Inc. filing history →

Source: SEC EDGAR

accession 0001554795-24-000018

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