{"schema_version":"secwatch.filing_event.v1","accession":"0000353184-26-000094","form_type":"8-K/A","ticker":"AIRT","cik":"0000353184","company_name":"AIR T INC","filed_at":"2026-08-28T20:31:26+00:00","discovered_at":"2026-08-28T20:32:16.335800+00:00","generated_at":"2026-08-28T20:32:29.817797+00:00","sec_items":["9.01"],"event_type":"m_and_a","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Air T amends 8-K for Arena acquisition; audited financials show 61% revenue drop","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0000353184-26-000094","json":"https://secwatch.observer/filing/0000353184-26-000094.json","markdown":"https://secwatch.observer/filing/0000353184-26-000094.md","text":"https://secwatch.observer/filing/0000353184-26-000094.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/353184/000035318426000094/0000353184-26-000094-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/353184/000035318426000094/airt-20260828.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-08-28T20:32:29.817797+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}