Altair International Corp. Enters Material Definitive Agreement
Ticker: PREM · Form: 8-K · Filed: Feb 21, 2024 · CIK: 1570937
Sentiment: neutral
Topics: material-agreement, corporate-event
TL;DR
**Altair International Corp. just signed a big deal, but the details are still under wraps!**
AI Summary
Altair International Corp. filed an 8-K on February 21, 2024, reporting an entry into a material definitive agreement on February 16, 2024. The filing indicates a significant corporate event for the Nevada-incorporated company, which operates in the Surgical & Medical Instruments & Apparatus sector. The specific details of the agreement, including names and dollar amounts, are not disclosed in this summary filing but are referenced as a material event.
Why It Matters
This filing signals a potentially significant strategic move for Altair International Corp., which could impact its future operations, financial health, and market position within the medical instruments sector.
Risk Assessment
Risk Level: medium — The filing indicates a material definitive agreement without disclosing its specifics, creating uncertainty about its potential impact on the company.
Key Players & Entities
- ALTAIR INTERNATIONAL CORP. (company) — Registrant
- February 16, 2024 (date) — Date of earliest event reported
- February 21, 2024 (date) — Filing date
- Nevada (company) — State of incorporation
- 322 North Shore Drive Building 1B, Suite 200 Pittsburgh, PA 15212 (company) — Business address
- 412-770-3140 (company) — Business phone number
FAQ
What was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on February 16, 2024.
What is the primary business of Altair International Corp. according to its SIC code?
Altair International Corp.'s primary business, based on its SIC code 3841, is Surgical & Medical Instruments & Apparatus.
When was this 8-K form filed with the SEC?
This 8-K form was filed with the SEC on February 21, 2024.
What is the state of incorporation for Altair International Corp.?
Altair International Corp. is incorporated in Nevada.
What type of event is reported under Item 1.01 in this 8-K filing?
Item 1.01 of this 8-K filing reports an "Entry into a Material Definitive Agreement."
Filing Stats: 529 words · 2 min read · ~2 pages · Grade level 11.2 · Accepted 2024-02-21 10:00:23
Filing Documents
- atao0220form8k.htm (8-K) — 24KB
- atao0220form8k10_1.htm (EX-10.1) — 177KB
- 0001554795-24-000018.txt ( ) — 415KB
- atao-20240216.xsd (EX-101.SCH) — 3KB
- atao-20240216_lab.xml (EX-101.LAB) — 33KB
- atao-20240216_pre.xml (EX-101.PRE) — 22KB
- atao0220form8k_htm.xml (XML) — 4KB
01 Entry into a Material Definitive
Item 1.01 Entry into a Material Definitive Agreement. On February 16, 2024, the registrant ("Altair") entered into an Agreement and Plan of Merger (the "Merger Agreement") among Premier Air Charter, Inc. ("Premier"), Premier Air Charter Merger Sub, Inc. ("Merger Sub"), and TIPP Aviation, LLC, the sole shareholder of Premier. Under the terms of the Merger Agreement, Altair will exchange 85% of its shares of common stock (not to exceed 270,000,000 shares) for all issued and outstanding shares of Premier common stock and Merger Sub will be merged into Premier (the "Merger"). The officers and directors of Premier will be the officers and directors of Altair following the Merger. Altair will not transfer any of its liabilities at the closing of the Merger. The closing of the Merger is subject to a number of pre-conditions, including Premier providing two years of audited financial statements by a PCAOB registered accounting firm. The foregoing description of the Merger Agreements does not purport to be complete and is qualified in its entirety by reference to the Merger Agreement which is filed as Exhibit 10.1 to this Current Report on Form 8-K.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. Exhibits 10.1 Agreement and Plan of Merger dated February 16, 2024 among Altair International Corp., Premier Air Charter, Inc., Premier Air Charter Merger Sub, Inc. and TIPP Aviation, LLC 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Date: February 21, 2024 ALTAIR INTERNATIONAL CORP. By: /s/ Leonard Lovallo Leonard Lovallo President and CEO