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“Through our acquisitions and investments, along with our ongoing support of the dynamic leadership within our portfolio of powerful companies, we seek to focus our resources, activate growth and deliver long-term value creation for everyone associated with Air T, Inc.”
— Nick Swenson, Chairman & CEO
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Air T, Inc. Announces Completion of $4.0 million Private Placement of Trust Preferred Securities
CHARLOTTE, NC, November 28, 2023 — Today The Company announces the completion of a private placement of $4.0 million of its 8% Trust Preferred Securities (NASDAQ: AIRTP) at a price of $17.00 per share for a 12.1% yield to maturity. This offering complements the Company’s currently active program to sell up to $5.4 million of 8% Trust Preferred Securities (“TruPs”) through its at-the-market offering. The principal buyers of the private placement were its largest shareholder and their affiliates. Moreover, the private placement buyers have an option to buy an additional $4.0 million at the same $17.00 per-share price.
Air T, Inc. Reports Second Quarter Fiscal 2024 Results
CHARLOTTE, NC, November 13, 2023 —Air T, Inc. (NASDAQ: AIRT) is an industrious American company with a portfolio of businesses, each of which is independent yet interrelated. We seek dynamic individuals and teams to operate companies using processes that increase value over time. We believe we can apply corporate resources to help activate growth and overcome challenges.
Our core segments are overnight air cargo; aviation ground equipment manufacturing and sales; commercial jet engines and parts; and corporate and other.
AIR T, INC (NASDAQ:AIRT) announced today that the Company’s 2023 Annual Meeting of Stockholders (the “Annual Meeting”) will be available to attendees via webcast as well as in person
CHARLOTTE, NC, August 11, 2023 —AIR T, INC (NASDAQ:AIRT) announced today that the Company’s 2023 Annual Meeting of Stockholders (the “Annual Meeting”) will be available to attendees via webcast as well as in person. As previously announced, the Annual Meeting will be held on Wednesday, August 16, 2023, at 8:30 AM, Central Time. Stockholders will be able to physically attend the Annual Meeting or participate via webcast. Directors and members of management will be physically in attendance at the Company’s St. Louis Park office.