secwatch.observer — SEC 8-K summary
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Issuer:     AIR T INC (AIRT)
CIK:        0000353184
Form:       8-K/A
Filed at:   2026-08-26T20:40:39+00:00
Accession:  0000353184-26-000088
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.60
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/353184/000035318426000088/0000353184-26-000088-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/353184/000035318426000088/airt-20260826.htm
  HTML page:      https://secwatch.observer/filing/0000353184-26-000088

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