AIR INDUSTRIES GROUP (AIRI) Form 8-K — Jun 12, 2026
Air Industries Group (AIRI) entered into an amendment to its merger agreement with Tenax Aerospace Acquisition, LLC on June 8, 2026. The amendment adjusts the definition of 'AIR Net Indebtedness' to mitigate the impact of a recent customer advance on the number of shares issued to Tenax members in the pending transaction. The adjustment follows a $1,971,070 non-interest-bearing advance received by subsidiary Air Industries Machining Corp. on June 2, 2026, for the manufacture of specific products.
Key figures
- Debt Amount
- 1971070
- Interest Rate
- 0
- Maturity Date
- 2026-11-30
- Advance date
- 2026-06-02
- Amendment date
- 2026-06-08
- Merger agreement date
- 2026-02-16
Price after filing
Close on the filing date to close N calendar days later (from $3.08). Historical, not a forecast.
AI analysis
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