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