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Material updates from SEC filings (8-K, 10-Q, 10-K) ranked by impact, with no firehose noise.
Entry into a Material Definitive Agreement On June 10, 2026 (the “Closing Date”), Air T, Inc. (the “Company”), through its subsidiaries and affiliates, entered into and consummated a series of related agreements and transactions involving the reorganization and capitalization of its aviation asset management platform and the acquisition of Arena Aviation Partners B.V., a Netherlands private limited company (“Arena”). The transactions were completed through Crestone Air Partners, LLC, a Delawa…
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant The information set forth under
Completion of Acquisition or Disposition of Assets The information set forth under
Entry into a Material Definitive Agreement On March 8, 2026, the Company, through Crestone Air Partners, Inc. (the “ Purchaser ” or “ Crestone ”), entered into a Share Purchase Agreement (the “ Purchase Agreement ”) with Arena, the sellers party thereto (collectively, the “ Sellers ”), and Dirk Jan Smit, as Securityholders’ Agent, pursuant to which Purchaser agreed to acquire all of the outstanding shares of Arena. The transaction is expected to close in approximately two months, subject to t…
Other Events On March 10, 2026, Crestone Air Partners, Inc. (“ Crestone ”), a subsidiary of the Company, announced that it entered into an indicative summary of non-binding terms, dated February 27, 2026 (the “ Term Sheet ”), with a financial investor (the “ Investor ”). The Term Sheet sets forth certain proposed terms pursuant to which the Investor is evaluating a potential minority equity investment in a new holding company combining elements of Crestone, Crestone Asset Management, LLC and,…
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers On March 9, 2026, Travis Swenson (the “Director”) notified the Board of Directors of Air T, Inc. (the “Company”) of his resignation as a director of the Company, effective March 9, 2026. In connection with his resignation, the Director also resigned as Chair of the Audit Committee of the Board. Mr. Swenson has resigned from the Board in order to acc…
Entry into a Material Definitive Agreement On March 8, 2026, Air T, Inc. (the “Company”), through Crestone Air Partners LLC (the “Purchaser” or “Crestone”), entered into a Share Purchase Agreement (the “Purchase Agreement”) with Arena Aviation Partners B.V. (“Arena”), the sellers party thereto (collectively, the “Sellers”), and Dirk Jan Smit, as Securityholders’ Agent, pursuant to which Purchaser agreed to acquire all of the outstanding shares of Arena. At the closing, the Company paid aggreg…
Other Events On March 8, 2026, the Company issued a press release announcing that Crestone has entered into a definitive agreement to acquire Arena. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein. In addition, the Company and Crestone, are evaluating a potential strategic transaction involving Crestone, which could include the sale of a minority equity interest in Crestone (or one or more of its affiliates) to…
Compensatory Arrangements of Certain Officers Effective February 27, 2026, Air T, Inc. (the “Company”) and Tracy Kennedy entered into a new employment agreement. Pursuant to the new employment agreement, Kennedy will remain the Company’s Chief Financial Officer and she will be paid a base salary of $331,000 per year with the base salary to increase to $360,000 per year effective January 1, 2027 and to $397,000 per year effective January 1, 2028, payable in accordance with standard pay practic…
Results of Operations and financial Condition On February 13, 2026, Air T, Inc. (the “Company”) issued a press release announcing its financial results for the quarter ended December 31, 2025. The full text of the press release issued in connection with the announcement is furnished as Exhibit 99.1 to this Current Report on Form 8-K. The information furnished in this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Ex…
Compensatory Arrangements of Certain Officers On December 29, 2025, the Compensation Committee of the Board of Directors of Air T, Inc. (the “Company”) approved changes to the compensatory arrangement for Tracy Kennedy (“Ms. Kennedy”), the Company’s Chief Financial Officer, effective January 1, 2026. The changes provide for base salary market adjustments consisting of increases of 23% for 2026, 9% for 2027 and 10% for 2028, respectively. The changes also increase Ms. Kennedy’s annual bonus ta…
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. To the extent required by
Completion of Acquisition or Disposition of Assets. On December 17, 2025, the Company, through Rex Acquisition, completed the acquisition of all of the outstanding capital stock of Regional Express Holdings Limited (“Rex Express”) for cash consideration of $1.00 and the assumption of Rex Express’s liabilities. The Rex Express corporate group includes the Rex Companies. The acquisition was approved by order of the Federal Court of Australia, New South Wales Registry, dated December 11, 2025. T…
Entry into a Material Definitive Agreement Air T Completes Regional Express Holdings Limited Acquisition and Related Financings On December 17, 2025, Air T, Inc. (the “Company”) completed the acquisition of all the outstanding capital stock of Regional Express Holdings Limited (“Rex Express”), a leading Australian regional airline, in consideration for $1.00 and the assumption of Rex Express’s liabilities which were approximately A$108,000,000 on the date of closing. On December 15, 2025, the…
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. To the extent required by
Entry into a Material Definitive Agreement Alerus Financial Financings On November 24, 2025, Air T Acquisition 22.1, LLC (“22.1”) and Contrail Aviation Services, LLC and Contrail Aviation Leasing, LLC (collectively “Contrail”) completed financings with Alerus Financial, National Association (“Alerus”). (a) 22.1 Term Loan On November 24, 2025, 22.1 entered into a $6,000,000 term loan with Alerus. The loan proceeds were used to repay amounts due on the $3,500,000 term loan from Bridgewater Bank…
Results of Operations and financial Condition On November 12, 2025, Air T, Inc. (the “Company”) issued a press release announcing its financial results for the quarter ended September 30, 2025. The full text of the press release issued in connection with the announcement is furnished as Exhibit 99.1 to this Current Report on Form 8-K. The information furnished in this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities E…
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. To the extent required by
Entry into a Material Definitive Agreement On September 3, 2025, Air’Zona Aircraft Services, Inc., CSA Air, Inc., Global Ground Support, LLC, Jet Yard, LLC, Jet Yard Solutions, LLC, Mountain Air Cargo, Inc., Royal Aircraft Services, LLC, Worldwide Aircraft Services, Inc., and Worthington Aviation, LLC (the “Borrowers”) and Air T, Inc. (the “Guarantor”) entered into a number of agreements with Alerus Financial, National Association (“Alerus”) relating to the Alerus Revolving Credit Financing a…
Results of Operations and financial Condition On , Air T, Inc. (the “Company”) issued a press release announcing its financial results for the quarter ended June 30, 2025. The full text of the press release issued in connection with the announcement is furnished as Exhibit 99.1 to this Current Report on Form 8-K. The information furnished in this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, a…
Entry into a Material Definitive Agreement On July 15, 2025, CASP Leasing I, LLC (“CASP”), a 95% owned subsidiary of Contrail Aviation Support, LLC (“Contrail”), completed the sale of two Airbus aircraft with engines. The total transaction value for the aircraft and engine sales exceeded $18,000,000. The sale and purchase agreements related to the transactions were filed as exhibits to that certain Air T, Inc. Current Report on Form 8-K filed June 25, 2025 and the purchaser of the aircrafts a…
Completion of Acquisition or Disposition of Assets To the extent required by
Results of Operations and financial Condition On June 27, 2025, Air T, Inc. (the “Company”) issued a press release announcing its financial results for the fiscal year ended March 31, 2025. The full text of the press release issued in connection with the announcement is furnished as Exhibit 99.1 to this Current Report on Form 8-K. The information furnished in this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Excha…
Entry into a Material Definitive Agreement On June 19, 2025, CASP Leasing I, LLC (“CASP”), a 95% owned subsidiary of Contrail Aviation Support, LLC (“Contrail”), entered into two separate sale and purchase agreements, each agreement to sell an Airbus Model aircraft. The purchaser of the aircrafts is FTAI Aircraft Leasing Ireland (2025) DAC and the aircraft being sold are further described in the purchase agreements provided as Exhibit 10.1 and 10.2 to this report. The aggregate transaction va…
Entry into a Material Definitive Agreement As previously disclosed by Air T, Inc., a Delaware corporation (the “Company”) in Current Reports on Form 8-K filed on February 26, 2024 and October 22, 2024, the Company, along with its wholly-owned subsidiary AAM 24-1, LLC, a Minnesota limited liability company (the “Issuer”), entered into Note Purchase Agreements (the “Original NPAs”) with two institutional investors (the “Investors”). Pursuant to the Original NPAs, the Issuer issued and sold 8.5%…
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