secwatch.observer — SEC 8-K summary
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Issuer:     AIR T INC (AIRT)
CIK:        0000353184
Form:       8-K/A
Filed at:   2026-08-28T20:31:26+00:00
Accession:  0000353184-26-000094
Event type: m_and_a
Sentiment:  negative
Materiality: 0.70
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/353184/000035318426000094/0000353184-26-000094-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/353184/000035318426000094/airt-20260828.htm
  HTML page:      https://secwatch.observer/filing/0000353184-26-000094

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