---
schema_version: "secwatch.filing_event.v1"
accession: "0000353184-23-000136"
form_type: "8-K"
ticker: "AIRT"
cik: "0000353184"
company_name: "AIR T INC"
filed_at: "2023-10-18T23:59:59+00:00"
generated_at: "2026-06-09T22:05:29.688736+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Air T enters ATM facility to sell up to $6.45M of preferred securities

## Summary
- Up to $6,450,000 of Alpha Income Preferred Securities (AIRTP) may be sold at the market via Ascendiant Capital Markets.
- Commission to sales agent is 3.0% of gross proceeds from any sales; trust can suspend or terminate at any time.
- Sales may be made on NASDAQ or in negotiated transactions with prior approval; no obligation to sell any shares.
- Proceeds will be used for general corporate purposes; existing shelf registration statement (333-254110) will be used.

## SEC filing metadata
- accession: 0000353184-23-000136
- form_type: 8-K
- ticker: AIRT
- cik: 0000353184
- company_name: AIR T INC
- filed_at: 2023-10-18T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/353184/000035318423000136/0000353184-23-000136-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/353184/000035318423000136/airt-20231018.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000353184-23-000136
- JSON: https://secwatch.observer/filing/0000353184-23-000136.json
- Plain text: https://secwatch.observer/filing/0000353184-23-000136.txt

## Key facts
- Material Agreements
  AIR T INC entered into ATM Agreement with Ascendiant Capital Markets, LLC valued at up to $6,450,000 (effective 2023-10-17).
  - Action: entry
  - Agreement: atm program
  - Counterparty: Ascendiant Capital Markets, LLC
  - Value: up to $6,450,000
  - Effective: 2023-10-17
  source text: On October 17, 2023, Air T, Inc. (the “Company”) and Air T Funding (the “Trust”) entered into an At-the-Market Offering Agreement (the “ATM Agreement”) with Ascendiant Capital Markets, LLC (the “sales agent” or “Ascendiant”), pursuant to which the Trust may sell and issue its Alpha Income Preferred Securities having an aggregate offering price of up to $6,450,000
  evidence_url: https://www.sec.gov/Archives/edgar/data/353184/000035318423000136/0000353184-23-000136-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.