Air T is conducting an at-the-market offering of up to $8M of common stock (last sale $31.99)/share

Filed July 10, 2026 · ~2 min read

Key Changes

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  Air T offers up to $8 million of common stock in an at-the-market offering through Ascendiant Capital Markets at a 3% commission, with shares sold into the existing trading market over time at prevailing prices rather than in a single transaction.

  The Offering verify on EDGAR →
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  The offering is subject to Form S-3 General Instruction I.B.6, which caps the aggregate market value of securities Air T and affiliate Air T Funding can sell in any 12-month period because Air T's public float is below $75 million; Air T Funding's separate at-the-market program for Alpha Income Trust Preferred Securities reduces capacity available under this prospectus.

  Use of Proceeds verify on EDGAR →
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  New investors face immediate dilution of $7.31 per share (23% of the $31.99 offer price), receiving stock with net tangible book value of $24.68 per share while existing stockholders gain $0.11 per share in net tangible book value.

  Dilution verify on EDGAR →