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Saturday, September 07, 2024 11:03:56 AM
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.
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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.
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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
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