{"schema_version":"secwatch.filing_event.v1","accession":"0000353184-26-000024","form_type":"8-K/A","ticker":"AIRT","cik":"0000353184","company_name":"AIR T INC","filed_at":"2026-03-04T23:59:59+00:00","discovered_at":"2026-05-14T18:02:37.377323+00:00","generated_at":"2026-05-15T21:54:32.285469+00:00","sec_items":["9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Air T completes acquisition of Regional Express Holdings (Rex) for $1; Rex reports $114.6M loss, negative equity","bullets":["Rex audited FY25 loss after tax of $114.6M; revenue $305.2M; net liabilities of $161.3M at June 30, 2025.","Acquisition closed Dec 17, 2025 for nominal $1 consideration; Air T provided $50M facility with 5-yr term at 12% interest.","Commonwealth loan of $147.6M restructured: $39.8M forgiven, balance $107.8M converted to 30-yr interest-free facility.","Rex entered voluntary administration July 30, 2024; exited Dec 18, 2025 via DOCA extinguishing legacy creditor claims.","Rex Airlines (domestic jets) placed into liquidation Nov 11, 2025; Rex now focused on regional flight services."],"urls":{"canonical":"https://secwatch.observer/filing/0000353184-26-000024","json":"https://secwatch.observer/filing/0000353184-26-000024.json","markdown":"https://secwatch.observer/filing/0000353184-26-000024.md","text":"https://secwatch.observer/filing/0000353184-26-000024.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/353184/000035318426000024/0000353184-26-000024-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/353184/000035318426000024/airt-20260304.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T21:54:32.285469+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}