---
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"
generated_at: "2026-05-15T21:54:32.285469+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Air T completes acquisition of Regional Express Holdings (Rex) for $1; Rex reports $114.6M loss, negative equity

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000353184-26-000024
- JSON: https://secwatch.observer/filing/0000353184-26-000024.json
- Plain text: https://secwatch.observer/filing/0000353184-26-000024.txt

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