Each director opens the passage of the proxy that names them. "Not stated" means the proxy does not say; it never means "no". Pay is the proxy's Director Compensation table; the CEO is paid as an executive.
Term note agreements with LamVen with aggregate principal amounts of $4.5 million and $1.0 million, bearing 8.25% interest
Additional term note agreement in exchange for cash from LamVen, bearing 10.0% interest
$5.0 million note agreement with LamVen, bearing 10.0% interest, later amended and increased
Secured convertible promissory note to LamVen to refinance certain existing notes, bearing SOFR plus 5.00% or 9.75%, maturing December 31, 2028
Exchange of existing LamVen notes for 750,000 shares of common stock and 3,389,398 warrants
Promissory note with LamVen for advances up to a maximum principal amount, secured by aircraft assets, maturing April 20, 2029, bearing 12.5% interest
Advisory services agreement with monthly fee, plus warrant to purchase up to 142,857 shares; terminated effective February 13, 2026
Advisory services agreement with annual fee, plus warrant to purchase up to 911,544 shares
Advisory services agreement with annual fee paid in approximately equal monthly payments
Reimbursement Agreement for letter of credit backstopping the Credit Agreement, with reimbursement interest at 15.00% and a 1.00% annual fee
Park Lane appointed an observer to the Company’s Board of Directors under the Reimbursement Agreement
Issuance of 2,025,000 shares of common stock to Park Lane as consideration for credit support for the letter of credit supporting a convertible note
Company previously leased four aircraft from Park Lane on a monthly lease, extended month to month as of January 31, 2025
Settlement agreement on aircraft return conditions; Company issued 1,200,000 shares to Park Lane and terminated the leases
Company leased three aircraft from JAFS under short-term operating leases
Company leased one aircraft from BAJFS under a short-term operating lease
Company leased six aircraft from Schuman under 60-month leases with fixed monthly payments and engine and other reserve payments
Combined lease and engine reserve expense attributable to Schuman; approximately $0.5 million owed to Schuman at year-end
Agreement obtained with the 2020 acquisition of Schuman under which Schuman agreed not to fly certain Makani Kai airline routes
Advisory Services Agreement with annual fee, annual equity compensation, and a one-time award of 1,000,000 shares in two tranches
Loading...
