{"schema_version":"secwatch.filing_event.v1","accession":"0001683168-25-007725","form_type":"8-K","ticker":"PREM","cik":"0001570937","company_name":"Premier Air Charter Holdings Inc.","filed_at":"2025-10-22T23:59:59+00:00","discovered_at":"2026-05-14T18:02:39.785953+00:00","generated_at":"2026-05-17T02:45:12.391814+00:00","sec_items":["1.01","5.03","3.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Premier Air Charter exchanges $6.4M debt for 100K Series A preferred shares; conversion price amended to $0.25","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001683168-25-007725","json":"https://secwatch.observer/filing/0001683168-25-007725.json","markdown":"https://secwatch.observer/filing/0001683168-25-007725.md","text":"https://secwatch.observer/filing/0001683168-25-007725.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1570937/000168316825007725/0001683168-25-007725-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1570937/000168316825007725/prem_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T02:45:12.391814+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":"5844806d40080e6aef4d5b3a0b498afe10a9c399","claim":"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).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1570937/000168316825007725/0001683168-25-007725-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2025-10-21"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}