---
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"
generated_at: "2026-05-17T16:35:22.936799+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "medium"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: medium
- sec_items: 1.01, 3.02, 5.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-25-005806
- JSON: https://secwatch.observer/filing/0001683168-25-005806.json
- Plain text: https://secwatch.observer/filing/0001683168-25-005806.txt

## Key facts
- Governance Changes
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1570937/000168316825005806/0001683168-25-005806-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.