Premier Air Charter Holdings Inc. Announces Amendment to Series A Preferred Stock Conversion Terms to Support Long-Term Shareholder Value
Premier Air Charter (OTCID: PREM) announced an amendment to the conversion terms of its Series A preferred stock, raising the conversion price from $0.04 per share to $0.25 per share.
The amended Certificate of Designation was filed with the Nevada Secretary of State on October 21, 2025 and attached as an exhibit to the company’s Form 8-K filed on October 22, 2025. Management said the change is intended to better align conversion terms with the company’s financial position and to reduce potential dilution to common stock, aiming to support long-term shareholder value.
Premier Air Charter (OTCID: PREM) ha comunicato una modifica dei termini di conversione delle sue azioni privilegiate di Serie A, aumentando il prezzo di conversione da $0.04 a $0.25 per azione.
Il Certificate of Designation modificato è stato depositato presso il Segretario di Stato del Nevada il 21 ottobre 2025 e allegato come allegato al modulo 8-K presentato dall'azienda il 22 ottobre 2025. Secondo la direzione, la modifica mira ad allineare meglio i termini di conversione alla posizione finanziaria dell'azienda e a ridurre la potenziale diluizione per le azioni ordinarie, con l'obiettivo di sostenere il valore per gli azionisti nel lungo periodo.
Premier Air Charter (OTCID: PREM) anunció una enmienda a los términos de conversión de sus acciones preferentes de Serie A, elevando el precio de conversión de $0.04 por acción a $0.25 por acción.
El Certificado de Designación enmendado se presentó ante el Secretario de Estado de Nevada el 21 de octubre de 2025 y se adjuntó como anexo al Formulario 8-K de la compañía presentado el 22 de octubre de 2025. La dirección indicó que el cambio busca alinear mejor los términos de conversión con la posición financiera de la empresa y reducir la posible dilución de las acciones comunes, con el objetivo de apoyar el valor para los accionistas a largo plazo.
Premier Air Charter (OTCID: PREM)는 시리즈 A 우선주 전환 조건의 수정안을 발표했고, 전환 가격을 주당 $0.04에서 $0.25로 올렸습니다.
수정된 Designation 증서는 2025년 10월 21일 네바다 주 국무장관에게 제출되었으며, 2025년 10월 22일에 회사의 8-K 양식 첨부 문서로 첨부되었습니다. 경영진은 이 변화가 회사의 재무 상태에 더 잘 맞춰 전환 조건을 조정하고 보통주에 대한 희석 가능성을 줄여 장기 주주 가치를 지지하는 것을 목표로 한다고 말했습니다.
Premier Air Charter (OTCID: PREM) a annoncé une modification des conditions de conversion de ses actions privilégiées de série A, portant le prix de conversion de $0,04 par action à $0,25 par action.
Le Certificate of Designation amendé a été déposé auprès du Secrétaire d'État du Nevada le 21 octobre 2025 et joint en tant que pièce annexe au formulaire 8-K de la société déposé le 22 octobre 2025. La direction indique que ce changement vise à mieux aligner les conditions de conversion sur la situation financière de l'entreprise et à réduire la dilution potentielle des actions ordinaires, afin de soutenir la valeur pour les actionnaires à long terme.
Premier Air Charter (OTCID: PREM) gab eine Änderung der Wandlungskonditionen seiner Vorzugsaktien der Serie A bekannt und hob den Wandlungspreis von $0,04 pro Aktie auf $0,25 pro Aktie an.
Das geänderte Certificate of Designation wurde am 21. Oktober 2025 beim Secretary of State von Nevada eingereicht und als Anlage zu dem Form 8-K der Gesellschaft am 22. Oktober 2025 beigefügt. Die Geschäftsführung erklärte, dass die Änderung darauf abzielt, die Wandlungskonditionen besser an die finanzielle Lage des Unternehmens anzupassen und eine potenzielle Verwässerung der Stammaktien zu verringern, um den langfristigen Aktionärswert zu unterstützen.
Premier Air Charter (OTCID: PREM) أعلنت عن تعديل في شروط تحويل أسهمها الممتازة من الفئة A، مع رفع سعر التحويل من $0.04 للسهم إلى $0.25 للسهم.
وقد تم تقديم شهادة التعيين المعدلة لدى سكرتير ولاية نيفادا في 21 أكتوبر 2025، وهي مرفقة كمعرَض بخانة النموذج 8-K الخاص بالشركة المقدم في 22 أكتوبر 2025. وأفادت الإدارة أن التغيير يهدف إلى مواءمة شروط التحويل بشكل أفضل مع الوضع المالي للشركة وتقليل احتمال التخفيف على الأسهم العادية، بهدف دعم قيمة المساهمين على المدى الطويل.
- Conversion price raised from $0.04 to $0.25
- Filed amended Certificate of Designation on October 21, 2025
- Attached as exhibit to Form 8-K filed October 22, 2025
- Reduces potential dilution to common stock upon conversion
- None.
CARLSBAD, Calif., Nov. 20, 2025 (GLOBE NEWSWIRE) -- Premier Air Charter Holdings Inc. (OTCID: PREM) ("Premier Air Charter", "Premier" or the “Company”), is proud to report it has agreed to amend the conversion price of the Series A Preferred Stock from
Company Chairman Vincent Monteparte had this to say regarding the transaction, "This marks a significant step in Premier's goal of seeking sustainable growth and financial resilience. By amending the conversion terms of the Series A Preferred Stock, we are seeking to align our holders as true partners in our success. We believe this amendment underscores our unwavering confidence in the company's future. For our investors and stakeholders: we believe this illustrates our commitment to creating long-term value, positioning the company to thrive in the ever-evolving private air charter market.”
About Premier Air Charter
Premier Air Charter Holdings Inc. (OTCID: PREM) is a Carlsbad, California-based aircraft charter provider that serves an international community of aviation enthusiasts. Premier Air Charter specializes in creating trusted partnerships within the aviation industry to deliver bespoke aviation solutions for its clients. With a focus on reliability, innovation, and sustainability, Premier Air Charter aims to continuously exceed expectations, fostering lasting relationships and becoming the preferred choice for private air travel worldwide. For more information, please visit www.premieraircharter.com.
Forward-Looking Statements
This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to financial results and plans for future development activities and are thus prospective. Forward-looking statements include all statements that are not statements of historical fact regarding intent, belief or current expectations of the Company, its directors or its officers. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control. Actual results may differ materially from those projected in the forward-looking statements. Among the factors that could cause actual results to differ materially from those indicated in the forward-looking statements are risks and uncertainties associated with the Company's business and finances in general, including the ability to continue and manage its growth, competition, global economic conditions and other factors discussed in detail in the Company's periodic filings with the Securities and Exchange Commission.
Media Contact:
Ross Gourdie, President
Premier Air Charter
(858) 304-2665
office@premieraircharter.com
Investor Relations:
Stuart Smith
SmallCapVoice.com, Inc.
ssmith@smallcapvoice.com
512-267-2430
FAQ
What change did Premier Air Charter (PREM) make to its Series A preferred conversion price on Oct 21, 2025?
When was the Amended Certificate of Designation for PREM filed with the Nevada Secretary of State?
Where can investors find the amended conversion terms for PREM Series A preferred stock?
How does the PREM conversion amendment affect potential dilution to common shareholders?
Why did Premier Air Charter (PREM) amend the Series A conversion terms?
