Air T Inc. offers up to $8M of 8% trust preferred securities in at-the-market program

Filed July 10, 2026 · ~2 min read

Key Changes

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  At-the-market offering of 8% cumulative trust preferred securities with $25 liquidation amount, trading at $19.63 on NASDAQ as of July 6, 2026 (21.5% below liquidation value). Proceeds fund general corporate purposes including debt repayment.

  The Offering verify on EDGAR →
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  Air T can defer distributions for up to 20 consecutive quarters (5 years) without default, during which distributions accrue at 8% compounded quarterly. During deferral, Air T cannot pay common dividends but can continue servicing senior debt.

  The Offering verify on EDGAR →
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  Securities subordinated to $38.7 million of senior and subordinated debt at March 31, 2026. An additional $51.7 million of pari passu trust preferred securities already outstanding. No covenant limits on incurring additional senior debt.

  Risk Factors verify on EDGAR →