secwatch.observer — SEC 8-K summary
======================================

Issuer:     AIR T INC (AIRT)
CIK:        0000353184
Form:       8-K
Filed at:   2023-10-18T23:59:59+00:00
Accession:  0000353184-23-000136
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/353184/000035318423000136/0000353184-23-000136-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/353184/000035318423000136/airt-20231018.htm
  HTML page:      https://secwatch.observer/filing/0000353184-23-000136

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer