{"schema_version":"secwatch.filing_event.v1","accession":"0001683168-25-005806","form_type":"8-K","ticker":"PREM","cik":"0001570937","company_name":"Premier Air Charter Holdings Inc.","filed_at":"2025-08-08T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.387636+00:00","generated_at":"2026-05-17T16:35:22.936799+00:00","sec_items":["1.01","3.02","5.03","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"medium","headline":"Premier Air Charter converts $6.4M debt into 100,000 Series A preferred shares","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001683168-25-005806","json":"https://secwatch.observer/filing/0001683168-25-005806.json","markdown":"https://secwatch.observer/filing/0001683168-25-005806.md","text":"https://secwatch.observer/filing/0001683168-25-005806.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1570937/000168316825005806/0001683168-25-005806-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1570937/000168316825005806/prem_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T16:35:22.936799+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"a119e3ee8c806ae9a4511399cfba31f61f88c4ad","claim":"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).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1570937/000168316825005806/0001683168-25-005806-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2025-08-06"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}