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.

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