---
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"
generated_at: "2026-08-28T20:32:29.817797+00:00"
event_type: "m_and_a"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000353184-26-000094
- JSON: https://secwatch.observer/filing/0000353184-26-000094.json
- Plain text: https://secwatch.observer/filing/0000353184-26-000094.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.