Air T amends 8-K for Arena acquisition; audited financials show 61% revenue drop

AIR T INC

Arena 2025 revenue €10.1M, down 61% from €25.9M in 2024; net profit fell to €0.7M from €9.5M.
Total equity turned negative at -€9.4M vs +€5.3M in 2024, driven by €15.5M share buyback.
Cash dropped to €0.5M from €6.7M; non-current related-party loans of €10.7M added.
Amendment corrects auditor report to state audit was conducted under US GAAS; financials unchanged.
Pro forma financials unchanged; acquisition closed June 10, 2026.

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