AIR T INC (AIRT): Nasdaq/NYSE listing notice — Air T transfers listing to Nasdaq Capital Market effective April 8, resolves equity deficiency

AIR T INC

Approval received April 4, 2024; transfer from Global to Capital Market at open on April 8.
Transfer cures prior non-compliance with Nasdaq minimum $10M stockholders' equity requirement.
Common stock continues trading under symbol AIRT; preferred securities (AIRTP) remain on Global Market.
Nasdaq Capital Market has lower financial requirements but same corporate governance rules.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

AIR T INC received a nasdaq deficiency notice notice regarding stockholders equity (rules 5450(b)(1)(A)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: stockholders equity
Rules: 5450(b)(1)(A)

Exact text from the filing

February 15, 2024 notifying the Company that it was not in compliance with the minimum stockholders’ equity requirement for continued listing set forth in Nasdaq Listing Rule 5450(b)(1)(A). Nasdaq Listing Rule 5450(b)(1)(A) requires listed companies to maintain stockholders’ equity of at least $10,000,000. Upon the transfer of listing of the Company’s securities on the Nasdaq Capital Market on April 8, 2024, such deficiency would be resolved. Air T Funding’s Alpha Income Trust Preferred Securities, par value $25.00, will continue to trade on the Nasdaq Global Market under the symbol “AIRTP.” S

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Source: SEC EDGAR

accession 0000353184-24-000051

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