secwatch.observer — SEC 8-K summary
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Issuer:     AIR T INC (AIRT)
CIK:        0000353184
Form:       8-K
Filed at:   2025-05-21T23:59:59+00:00
Accession:  0000353184-25-000024
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Air T subsidiary MAC acquires Royal Aircraft Services for $1.05M; funds via term loan
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- Mountain Air Cargo purchased all membership interests of Royal Aircraft Services, an aircraft painting, MRO, and parts supplier.
- $1.05M term loan from Alerus Financial; interest at greater of 5% or 1-month SOFR plus 2.25%.
- Term loan matures May 15, 2030; monthly principal payments of $12,500 plus accrued interest start June 15, 2025.
- Royal Aircraft added as borrower under existing Alerus credit agreement; Amendment No. 4 executed.
- Acquisition will be included within MAC division operations.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/353184/000035318425000024/0000353184-25-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/353184/000035318425000024/airt-20250521.htm
  HTML page:      https://secwatch.observer/filing/0000353184-25-000024

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