Premier Air Charter converts $6.4M debt into 100,000 Series A preferred shares

Premier Air Charter Holdings Inc.

Exchanged $6,419,269.43 debt (principal + accrued interest) from subsidiary for 100,000 shares of Series A Preferred Stock.
Preferred shares have stated value of $164.19, convertible into common at $0.04/share, subject to a 4.9% beneficial ownership cap.
Debt originated from consolidated promissory notes dated Feb 2024 ($2.76M), Aug 2024 ($1.63M), and Mar 2025 ($2.14M).
Upon issuance, the debt is terminated; shares are restricted, unregistered, and issued to accredited investor Innoworks Employment Services.
Company filed Certificate of Designation for Series A Preferred with Nevada Secretary of State on August 6, 2025.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Premier Air Charter Holdings Inc.: Filed Certificate of Designation designating 100,000 shares of preferred stock as Series A Preferred Stock (effective 2025-08-06).

Change: charter amendment
Effective: 2025-08-06

Exact text from the filing

On August 6, 2025, the Company designated 100,000 shares of its preferred stock as Series A Preferred Stock by filing the Certificate of Designation with the Secretary of State of the State of Nevada. The Certificate of Designation became effective upon filing.

View on SEC.gov

13 governance changes filed in the last 30 days. Browse all governance changes →

Premier Air Charter Holdings Inc. filing history →

Source: SEC EDGAR

accession 0001683168-25-005806

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.