Premier Air Charter exchanges $6.4M debt for 100K Series A preferred shares; conversion price amended to $0.25

Premier Air Charter Holdings Inc.

Converted $6,419,269.43 in debt (incl. accrued interest) from subsidiary Premier Air Charter, Inc. into 100,000 shares of Series A Preferred Stock.
Conversion price amended from $0.04 to $0.25 per share via Letter Agreement dated Oct 21, 2025, reducing potential dilution.
Debt originated from promissory notes of $2.76M (Feb 2024), $1.63M (Aug 2024), and $2.14M additional as of Mar 2025.
Certificate of Designation for Series A Preferred filed Aug 6, 2025; amended Oct 21, 2025 to reflect new conversion price.

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.: Amended Certificate of Designation of Series A Preferred Stock to change conversion price from $0.04 to $0.25 per share (effective 2025-10-21).

Change: charter amendment
Effective: 2025-10-21

Exact text from the filing

On October 21, 2025, the Company filed an amended Certificate of Designation with the Nevada Secretary of State to amend the conversion price of the Series A Preferred Stock from $0.04 per share to $0.25 per share, as approved by the board of directors and the requisite vote of stockholders, pursuant to the Letter Agreement dated October 21, 2025.

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Premier Air Charter Holdings Inc. filing history →

Source: SEC EDGAR

accession 0001683168-25-007725

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