Altair International Corporation (QB) (ATAO) Share Price

Does anyone have an opinion on what the share price will open up at under the new company. Just wanted to get others insight. I think based on limited info and speculation that it will open between $2 and $5 a share. Anyone have a different outlook?

I wasn't here last January when it went to .14, but maybe if we're lucky it will repeat itself. Decmeber tax loss sell off? Insiders could like that if it meant getting more shares for cheap.

There are only 8.8 million shares out there left. The insiders own the rest. Just curious to how many shares everyone's holding . I'm holding over 660,000. The insiders are holding over 23 million shares. The insiders will not be apart of the new company. So how do you think they plan on getting paid. There are only 8 insiders total. Largest insider shareholder owns over 9.6 million shares,18.9% of the stock. The lowest inside shareholder owns 960,000 shares, 3.3% of the stock The only question I believe that matters, is what will the new company be valued at when the stock opens the first day. My guess is between $2 and $5 a share. But it will definitely be higher than 4 cents. I think buying is the right choice here not selling.

Dont blame ya. The delays get old. I sold half of mine after the 2nd delay. I put in a order at .049 which was what the ask was even tho there was a huge spread. I was suprised to get filled on it the next day. I bought most of my shares between .02 and .03, so I am in good shape. This one has held up suprising well considering the 2 delays. I still have a decent position and pretty much riding freebies now. I also plan on rebuying closer to the next date if shares become available. You just never know which is why I chose to hold the rest.

Sold this. small position. will look to re-enter after the New year

Well, I guess you can't trust AI to tell the truth all the time. I hope everyone is buying and HOLDING, as many shares as you can get their hands on. There are only 8,807,944 shares out that the insiders do not hold. I have a chunk of that. The less stock available the higher the price when they do merge.

Yeap . Lets just keep our fingers crossed that the 3rd delay is the charm.

Yep. guess that makes us long.

Well there it is.Looks like another delay. At least it is not cancelled. Such a large spread not worth selling. Might as well hold.

tem 1.01 Entry into a Material Definitive Agreement.

On December 2, 2024, the registrant ("Altair") executed Amendment No. 5 to the Agreement and Plan of Merger (“Amendment 5 to 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 Amendment 5 to the Merger Agreement, the Outside Date by which the merger by Altair with Premier must be consummated was changed from November 31, 2024 to January 31, 2025. Additionally, the maximum number of shares outstanding upon consummation of the proposed merger was increased from 270,000,000 to 280,000,000. No other changes were made to the Agreement and Plan of Merger.

No 8K yet

Still holding as well.

A Giving Tuesday sale, perhaps? I am contemplating adding more at this point, can't hurt.

I am still holding. Hopefully just a minor delay. Happens often in pennyland.

I want to sell, but at this point I am back to what I paid so there's no reason to. Maybe we just wait it out and hope we get another run to .12 like last year. Whether they went through with the merger or not, it doesn't seem like they care to inform us in any timely manner.

Is anyone on the board here selling any shares. Or are you still holding? I'm holding.

As PPS plummets 

Sounds good. Thanks for the post. Best of luck

This is what the google AI said about the merger. Hope we get a filing soon.

Altair International Corp. (Altair) and Premier Air Charter, Inc. (Premier) finalized their merger on November 18, 2024. The merger is expected to help Altair grow in the aviation industry by increasing the number of aircraft and destinations it acquires. Premier's leadership will also take on key roles at Altair.

Thanks for the great info. I missed that one. Glad to hear it is still in the works.

10Q out today. Premier has advanced $52,600 to Altair in the last 6 months for operating expenses. So merger seems to still be on. Hope they stick to the closing amendment timeline this time.

Thanks PC. I’ve been holding patiently, so this is a great reminder that we should see the end soon.

Between $2 and $5 a share after merger. That's my speculation based on what limited info there is. Someone has been consistently buying. By my calculations on share float, there are a little over 8.1 million shares left, after myself and insider holdings. I'm sure that number is a lot lower, but I can't confirm anyone elses share count. The less shares available when merger happens the higher the share price could go. And it is my understanding that the insiders can only sell small portions at a time on a daily basis.

Just a reminder. We are now in the month that the Merger will hopefully take place. The PPS has held up much better than I thought it would after the delay. Makes me think insiders have been buying. Some nice numbers mentioned in the PR's so IMO when this merger happens we will see a nice move.

Item 1.01 Entry into a Material Definitive Agreement.

On September 10, 2024, the registrant ("Altair") executed Amendment No. 4 to the Agreement and Plan of Merger (“Amendment 4 to 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 Amendment 4 to the Merger Agreement, the Outside Date by which the merger by Altair with Premier must be consummated was changed from August 31,2024 to November 31, 2024. No other changes were made to the Agreement and Plan of Merger.

Love seeing this go down each day from some ridiculous 200 share trade (the most sarcasm possible)

Almost every post I make is done as a reminder to myself on why I bought or what is coming. LOL. I do it for myself. Its the only way I can keep up with it many times. If anyone else benifits from it then that is ok also.

I hope they close this merger before Nov 31st. Because there are only 30 days in November. I emailed the CEO of Premier and stated this and asked if he could contact Lovallo (CEO of Altair) and have an amended 8k filed changing this to an actual date. I haven't heard back from anyone one. Hopefully the date does not matter because they plan to close early. I guess we will see.

YW. Its hard to keep all this stuff straight. Making notes is helpful

Thank you for posting this. Very much appreciated. Have a good one

Reference date. Nov 31 impact date
On September 10, 2024, the registrant ("Altair") executed Amendment No. 4 to the Agreement and Plan of Merger (“Amendment 4 to 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 Amendment 4 to the Merger Agreement, the Outside Date by which the merger by Altair with Premier must be consummated was changed from August 31,2024 to November 31, 2024. No other changes were made to the Agreement and Plan of Merger.

8K out today. Not exactly what we were looking for but could be worse. At least the RM is still on the table. I plan to keep holding and if it dips back down to the lows again then I will add a few more. Not sure if these type of deals ever happen before the date but just incase I plan on having some. Not sure what caused the delay.

Item 1.01 Entry into a Material Definitive Agreement.

On September 10, 2024, the registrant ("Altair") executed Amendment No. 4 to the Agreement and Plan of Merger (“Amendment 4 to 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 Amendment 4 to the Merger Agreement, the Outside Date by which the merger by Altair with Premier must be consummated was changed from August 31,2024 to November 31, 2024. No other changes were made to the Agreement and Plan of Merger.

https://www.otcmarkets.com/filing/html?id=17829357&guid=8RL-kaQlROkHJth

Do you know if Premier was at fault this time or is there another reason for the postponement?

I am confused with the 8k stating ANOTHER postponement. It said that all the conditions were not met. It doesn't seem like there are a lot of difficult conditions for them not to be met after 7 months. Also seems it is being postponed on purpose. I could be wrong but things are not making sense. Especially the fact that it is stated they moved the closing date to Nov 31st when there are only 30 days in that month. Could be a typo. What are others thoughts?

Seems those of us holding are doing just that.

I agree and don't expect to get a reply. Pretty much just sent it so they know that shareholders are waiting for the outcome. Personally I would just as soon nobody know anything until it is a done deal and all paperwork is in. The element of surprise may be in our best interest.. it's a risk to hold but also could be big reward.

Don't hold your breath on a reply to your email. Been here since 2019 and no one from the company nor the CEO has ever replied to any phone call or email. Altair anyway not Premier. No worries though, the existing management will be gone with their 23,995,583 shares. Looking to make their millions soon. It's crazy that there is only 8,807,944 shares not held by insiders, that's shown on the PRE14c anyway. I wonder what kind of arrangement Premier has with them, if any, not to sell all their shares right away and tank the new stock before it gets any traction.

Thanks. I think we are still on track myself also. We wont know for sure until it happens but you can usually tell very quickly after a date if something is wrong. Someone always knows. The day after the merger was to happen there was a surge of buy volume. The spread is pretty wide so the last price pretty much depends on whether the last trade was a buy or a sell. Volume has been pretty low since then but no big sell off like you normally see if bad news is expected. Today only 2 trades with 5488 shares traded which is only $318. Both companies are very quiet which is understood. This type of merger is not one you want to be leaking info out even tho we try. LOL. I have been watching closely and googled for any new info and got zilch. I have watched their twitter and facebook and websites I sent a email to the company also but havent got a response. Fingers crossed . I am holding tight.

It seems like we could be right on schedule. According to this paragraph I took from an attorney that deals with reverse mergers.

Here is just a sample of the legal requirements:

A reverse merger requires a definitive agreement that contractually describes the stock exchange between the shareholders of the private company and the publicly traded company. Usually the transaction is structured as a tax-free reorganization.
Because you're communicating with shareholders of a publicly-traded shell, you have to file a proxy with the SEC, but which is governed by state corporate law in which the publicly traded company is incorporated in.
Accounting rules - 2 or 3 years of audited financial statements that must be filed 4 days after the reverse merger takes place. Only when this is completed should they sign the definitive agreement - otherwise they will merge into the shell and immediately become delinquent and they will then have merged into a worthless shell, in essence.

I was doing a little research on it. Kind of hard to put a exact finger or time on anything.

From the PR
Altair International Corp., Premier Aviation Merger Sub, Inc. a wholly owned subsidiary of Altair International Corp.and Premier Air Charter, Inc. are currently finalizing closing items as detailed in the Plan of Merger Agreement. The closing items, per the terms of the agreement, are being completed andboth parties look forward to finalizing the transaction and filing the DEF14C allowing the corporate actions to become effective shortly after.
https://www.otcmarkets.com/stock/ATAO/news/Altair-International-Corp-provides-shareholder-update-on-merger-with-Premiere-Air-Charter-Inc?id=436525




Copied this from the website listed below

Actions that require Schedule 14A or 14C filings include name changes, reverse mergers, stock splits, domicile changes, corporate reorganizations, and other events that require a vote by the issuer’s shareholders.
4

Schedule 14C also provides investors with information on actions that have been approved by the issuer’s majority shareholders. Ten days after filing a preliminary information statement on Schedule 14C, if no SEC comments are received, the issuer may file a definitive information statement.
5
Code of Federal Regulations. "Title 17, Chapter II, § 240.14c-5 Filing Requirements."


In summary, the issuer of the schedule is requesting that a shareholder consent to an action. The schedule asks for the shareholders' approval, and the issuer must comply with Schedule 14A’s proxy solicitation requirements.

https://www.investopedia.com/terms/s/schedule14c.asp

Sounds good. Thanks for checking. We should know soon.

Rigatoni may be right about the 10 days. Although I didn't find a definite answer, I did find a DEF14c filing from another company from a few years back, that was going through a similar reverse merger. They closed their merger on October 6th and the DEF14c was filed on October 16th.

Agreed. Not positive but I think they have up to 5 trading days to put out the filing.

I'm speculating the DEF14c drops today or tomorrow, but could be any day this week. If not, then there is the possibility that it gets postponed again for a third time or canceled all together. But those two actions wouldn't benefit anyone. Insiders own 70% of the company and seem to have a golden parachute here with Premier.

Thanks. Looking forward to it

If the merger was signed and completed on the 31st, then there should be a DEF14c filing with the SEC dropping here today or tomorrow after hours. Then the stock should start trading under new company and management soon after. And it would only make sense that the stock price will be substantially higher due to the new companies valuation.

Premier Air Charter operates out of Carlsbad here in San Diego county. Its 7;30 am here

Havent seen anything today yet but some interesting action going on. Also noticed that Level2 on OTC Markets is normally right but so far today it is not even close on anything there with what I am showing on Etrade. Hopefully we hear more today. There has definitely been some buying today.

Thanks. This one has my curiosity built up. I dont want to get myself or anyone else overly excited but I dont think I have ever been in a stock quite like this. All the filings show exactly how the reverse merger will work and there should be zero notes or dilution from what I can tell. Everything has to be clean slate to make the merger. The new company has over 4000 happy clients and making the big bucks and the revenue is rising nicely every quarter. With the way our airlines have been having so much trouble and cancelations here lately I can see how this could keep growing. They have flights to all the most popular destinations. The PR says to be complete by Aug 31st which is on a Saturday so we may see something tomorrow. Combine all of the above with a float of only 14M then we just might be in for a nice suprise if the merger goes off as planned. Maybe next week before we know anything which is fine with me. I plan on keeping some shares here for awhile just to see what happens down the road. Could see a PR blitz begin after the R/M


Also Miami and San Francisco is on the list

Here is the link to that
https://www.otcmarkets.com/stock/ATAO/news/Altair-International-Corp-Merger-Partner-Premier-Air-Charter-Inc-Announces-Revenue-Increase-of-12-in-Charter-Services-fo?id=447176

Tick Tock. Reverse Merger on schedule to happen this week. Definitely been some accumalation going on altho the stock is very quiet.

Thanks PC. Great to be in a great stock with great traders! Best to everyone here!💪🏻💎👊🏻