Air T files Arena acquisition financials; total consideration $33.9M

AIR T INC

Total consideration for Arena: $21.7M cash plus $12.2M contingent consideration = $33.9M.
Pro forma FY2026 revenue $338.5M, with Arena contributing $11.4M; net income attributable to Air T $72.6M vs $78.0M standalone.
Arena 2025 revenue €10.1M ($11.4M), net income €0.7M ($0.8M) per audited IFRS statements.
Acquisition funded by $21.7M cash contributions from Air T and Blue Owl to CAP for Class B Preferred Units.
Pro forma adjustments include $4.96M intangible amortization and $1.74M transaction costs for FY2026.

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