secwatch.observer — SEC 8-K summary
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Issuer:     AIR T INC (AIRT)
CIK:        0000353184
Form:       8-K/A
Filed at:   2026-03-10T23:59:59+00:00
Accession:  0000353184-26-000035
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 8.01
LLM model:  deepseek-v4-flash:cloud

Air T amends 8-K to clarify Arena acquisition consideration and discloses potential minority investment in NewCo
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- Air T, through Crestone, agreed to acquire Arena Aviation Partners for ~$20M cash plus contingent payments estimated >$10M, closing expected in ~2 months.
- Crestone entered a non-binding term sheet for a $10M convertible preferred equity investment in NewCo at an $80M valuation, with earn-out up to $40M.
- Crestone management is negotiating to invest up to 5% minority interest in NewCo, with terms not final.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/353184/000035318426000035/0000353184-26-000035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/353184/000035318426000035/airt-20260310.htm
  HTML page:      https://secwatch.observer/filing/0000353184-26-000035

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