secwatch.observer — SEC 8-K summary
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Issuer:     Premier Air Charter Holdings Inc. (PREM)
CIK:        0001570937
Form:       8-K
Filed at:   2025-11-13T23:59:59+00:00
Accession:  0001683168-25-008327
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Premier Air Charter converts $2.9M subsidiary debt into 45,680 Series A Preferred shares
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- Settled $2,565,646 owed by subsidiary to Innoworks Employment Services for 39,970 Series A Preferred shares.
- Settled $366,549 owed to Prime Loan (Prime Capital HR) for 5,710 Series A Preferred shares.
- Authorized shares of Series A Preferred increased from 100,000 to 155,000 to accommodate issuance.
- Debt conversions are private exempt transactions; shares are restricted with legend.
- Total debt settled $2,932,195 in exchange for 45,680 Series A Preferred shares.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1570937/000168316825008327/0001683168-25-008327-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1570937/000168316825008327/prem_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-25-008327

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