Activist Investor Galloway Capital Increases Stake to 8.10%, Urges Management to Boost Shareholder Value
Summary
Galloway Capital Partners, an activist investor, has increased its stake in Global Crossing Airlines Group to 8.10% and sent a letter to management advocating for actions to address the company's perceived undervaluation.
Key Events
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Increased Ownership
Galloway Capital Partners, LLC and its affiliates now beneficially own 5,372,000 shares, representing an 8.10% stake in Global Crossing Airlines Group Inc.
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Recent Purchases
The investor group acquired 768,000 shares in open market purchases over the last 60 days at an average price of $0.484 per share, totaling approximately $371,712.
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Activist Engagement
Galloway Capital sent a letter to management on April 10, 2026, stating their belief that the company is significantly undervalued and expressing intent to engage constructively to enhance shareholder value.
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Valuation Perspective
The investor estimates the company has the potential to generate at least $30 million in EBITDA and $90 million in EBITDAR this year, suggesting an enterprise value in excess of $600 million, or approximately $9.50 per share.
Analysis
Galloway Capital Partners, LLC and its affiliates have significantly increased their ownership in Global Crossing Airlines Group Inc. to 8.10% and are actively engaging with management. The investor group believes the company is substantially undervalued, estimating a potential share price of $9.50 compared to the current trading price. This activist stance, coupled with recent open market purchases, signals strong conviction and could pressure management to explore strategies to unlock shareholder value.
At the time of this filing, JETMF was trading at $0.58 on OTC in the Energy & Transportation sector, with a market capitalization of approximately $29.8M. The 52-week trading range was $0.38 to $0.87. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.