0000905148-23-001714.txt : 20231226
0000905148-23-001714.hdr.sgml : 20231226
20231226171013
ACCESSION NUMBER: 0000905148-23-001714
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20231221
FILED AS OF DATE: 20231226
DATE AS OF CHANGE: 20231226
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: AXAR CAPITAL MANAGEMENT L.P.
CENTRAL INDEX KEY: 0001650781
ORGANIZATION NAME:
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-56409
FILM NUMBER: 231513992
BUSINESS ADDRESS:
STREET 1: 402 W 13TH STREET
STREET 2: FLOOR 5
CITY: NEW YORK
STATE: NY
ZIP: 10014
BUSINESS PHONE: 212.356.6130
MAIL ADDRESS:
STREET 1: 402 W 13TH STREET
STREET 2: FLOOR 5
CITY: NEW YORK
STATE: NY
ZIP: 10014
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Axar GP, LLC
CENTRAL INDEX KEY: 0001673869
ORGANIZATION NAME:
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-56409
FILM NUMBER: 231513991
BUSINESS ADDRESS:
STREET 1: C/O AXAR CAPITAL MANAGEMENT, LP
STREET 2: 402 W 13TH STREET, FLOOR 5
CITY: NEW YORK
STATE: NY
ZIP: 10014
BUSINESS PHONE: 212-356-6130
MAIL ADDRESS:
STREET 1: C/O AXAR CAPITAL MANAGEMENT, LP
STREET 2: 402 W 13TH STREET, FLOOR 5
CITY: NEW YORK
STATE: NY
ZIP: 10014
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Axelrod Andrew
CENTRAL INDEX KEY: 0001673921
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-56409
FILM NUMBER: 231513993
MAIL ADDRESS:
STREET 1: C/O AXAR CAPITAL MANAGEMENT, LP
STREET 2: 402 W 13TH STREET, FLOOR 5
CITY: NEW YORK
STATE: NY
ZIP: 10014
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Global Crossing Airlines Group Inc.
CENTRAL INDEX KEY: 0001846084
STANDARD INDUSTRIAL CLASSIFICATION: AIR TRANSPORTATION, SCHEDULED [4512]
ORGANIZATION NAME: 01 Energy & Transportation
IRS NUMBER: 981350261
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 4200 NW 36TH STREET, BUILDING 5A
STREET 2: MIAMI INT'L AIRPORT, 4TH FLOOR
CITY: MIAMI
STATE: FL
ZIP: 33166
BUSINESS PHONE: 7867518503
MAIL ADDRESS:
STREET 1: 4200 NW 36TH STREET, BUILDING 5A
STREET 2: MIAMI INT'L AIRPORT, 4TH FLOOR
CITY: MIAMI
STATE: FL
ZIP: 33166
4
1
form4.xml
X0508
4
2023-12-21
0001846084
Global Crossing Airlines Group Inc.
JETMF
0001673921
Axelrod Andrew
C/O AXAR CAPITAL MANAGEMENT L.P.
402 W 13TH STREET, FLOOR 5
NEW YORK
NY
10014
true
true
0001650781
AXAR CAPITAL MANAGEMENT L.P.
C/O AXAR CAPITAL MANAGEMENT L.P.
402 W 13TH STREET, FLOOR 5
NEW YORK
NY
10014
true
true
0001673869
Axar GP, LLC
C/O AXAR CAPITAL MANAGEMENT L.P.
402 W 13TH STREET, FLOOR 5
NEW YORK
NY
10014
true
true
false
Warrants to purchase Common Stock
1
2023-12-21
4
D
0
1233285
0
D
2023-08-02
2030-06-30
Common Stock
1233285
3766715
I
See footnote
Warrants to purchase Common Stock
1
2023-12-21
4
A
0
1428736
0
A
2023-12-21
2030-06-30
Common Stock
1428736
5195451
I
See footnote
Each of the Reporting Persons disclaims beneficial ownership of these securities except to the extent of his or its pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose.
Andrew Axelrod serves as the sole member of Axar GP, LLC, a Delaware limited liability company (the "GP"), which is the general partner of Axar Capital Management L.P., a Delaware limited partnership, that serves as the investment manager (the "Investment Manager") to certain funds and/or managed accounts (collectively, the "Axar Vehicles"), with respect to these warrants (and any common stock received upon exercise thereof) held by the Axar Vehicles.
Because Mr. Axelrod serves on the board of directors of the Issuer as a representative of the Reporting Persons, each of the Investment Manager and the GP may be deemed a director of the Issuer by deputization of Mr. Axelrod.
/s/ Andrew Axelrod
2023-12-26
AXAR CAPITAL MANAGEMENT L.P., By: Axar GP LLC, its general partner, By: /s/ Andrew Axelrod, its Sole Member
2023-12-26
AXAR GP, LLC, By: /s/ Andrew Axelrod, its Sole Member
2023-12-26