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.

Rhea-AI Summary

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.

Positive

• 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

Negative

• None.

Argus Nov 20 session

-8.18% close to close Open Argus

Details

News Market Reaction – PREM

On Nov 20, the day this news came out, PREM closed 8.18% below the previous close.

Data tracked by StockTitan Argus for the Nov 20 session.

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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 $0.04 per share to $0.25 per share, as set forth in the amended Certificate of Designation filed with the Nevada Secretary of State on October 21, 2025. A copy of the Amended Certificate of Designation was filed as an exhibit to the Company’s Form 8-K Current Report filed October 22, 2025. This amendment reflects the mutual agreement with the holder to adjust the conversion terms to better align with the Company’s current financial position and to reduce potential dilution of common stock upon conversion.

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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What change did Premier Air Charter (PREM) make to its Series A preferred conversion price on Oct 21, 2025?

The company amended the conversion price from $0.04 per share to $0.25 per share.

When was the Amended Certificate of Designation for PREM filed with the Nevada Secretary of State?

The Amended Certificate of Designation was filed on October 21, 2025.

Where can investors find the amended conversion terms for PREM Series A preferred stock?

The amendment was filed as an exhibit to Premier Air Charter’s Form 8-K dated October 22, 2025.

How does the PREM conversion amendment affect potential dilution to common shareholders?

Management says the higher conversion price is intended to reduce potential dilution of common stock upon conversion.

Why did Premier Air Charter (PREM) amend the Series A conversion terms?

The company states the amendment aligns conversion terms with its current financial position and seeks to support long-term shareholder value.