secwatch.observer — SEC 8-K summary
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Issuer:     AIR T INC (AIRT)
CIK:        0000353184
Form:       8-K
Filed at:   2026-03-09T23:59:59+00:00
Accession:  0000353184-26-000031
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Air T's Crestone Air Partners to acquire Arena Aviation Capital for over $35M
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- Consideration in excess of $35M, subject to post-closing adjustments for debt and transaction expenses.
- Combined platform to have ~124 aircraft, 17 engines, >$4B AUM, 55+ employees across 5 countries.
- Arena brings seasoned team; CEO Kevin Milligan cites disciplined consolidation.
- Crestone also evaluating potential sale of minority equity interest; no definitive agreement yet.
- Closing subject to conditions and approvals.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/353184/000035318426000031/0000353184-26-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/353184/000035318426000031/airt-20260309.htm
  HTML page:      https://secwatch.observer/filing/0000353184-26-000031

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