secwatch.observer — SEC 8-K summary
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Issuer:     Premier Air Charter Holdings Inc. (PREM)
CIK:        0001570937
Form:       8-K
Filed at:   2024-02-21T23:59:59+00:00
Accession:  0001554795-24-000018
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1570937/000155479524000018/0001554795-24-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1570937/000155479524000018/atao0220form8k.htm
  HTML page:      https://secwatch.observer/filing/0001554795-24-000018

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