secwatch.observer — SEC 8-K summary
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Issuer:     Premier Air Charter Holdings Inc. (PREM)
CIK:        0001570937
Form:       8-K
Filed at:   2025-10-22T23:59:59+00:00
Accession:  0001683168-25-007725
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 5.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1570937/000168316825007725/0001683168-25-007725-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1570937/000168316825007725/prem_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-25-007725

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