AIR INDUSTRIES GROUP (AIRI) Form 8-K — Jul 9, 2026
Air Industries Group entered into an Amended and Restated Agreement and Plan of Merger with Tenax Aerospace Acquisition, LLC to acquire Tenax in an all-stock transaction. Pursuant to the agreement, Air Industries will issue 126,900,000 shares of common stock to Tenax members, which after a mandatory 1-for-5 reverse stock split will total 25,380,000 shares. Upon closing, Tenax members will own approximately 96% of the outstanding Air Industries common stock, effectively diluting current shareholders to roughly 4% ownership.
Key figures
- Shares Issued
- 126900000
- Termination Fee
- $1,250,000
- Reverse Split Ratio
- 1-for-5
- Shares Issued Post Split
- 25380000
- Tenax Ownership Post Close
- 96%
- Authorized Shares Increase
- 20,000,000 to 200,000,000
- Authorized Shares Post Split
- 40000000
- Debt Adjusted Price Pre Split
- $3.05
- Redemption Price Percentage
- 107.3%
- Debt Adjusted Price Post Split
- $15.25
- Current Shareholder Ownership Post Close
- 4%
Price after filing
Close on the filing date to close N calendar days later (from $2.94). Historical, not a forecast.
AI analysis
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