---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-051990"
form_type: "8-K"
ticker: null
cik: "0001760001"
company_name: "AIR T FUNDING"
filed_at: "2024-04-25T23:59:59+00:00"
generated_at: "2026-06-03T08:09:19.399472+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Air T enters ATM agreement to sell up to $8M of 8% Cumulative Capital Securities

## Summary
- Air T Funding may sell up to $8,000,000 of Alpha Income Preferred Securities (8% cumulative) through Ascendiant Capital Markets.
- Sales agent receives 3.0% commission on gross proceeds; sales at market prices on NASDAQ under Rule 415.
- Trust has no obligation to sell; offering may be suspended or terminated at any time.

## SEC filing metadata
- accession: 0001104659-24-051990
- form_type: 8-K
- cik: 0001760001
- company_name: AIR T FUNDING
- filed_at: 2024-04-25T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1760001/000110465924051990/0001104659-24-051990-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/353184/000110465924051990/tm2412644d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-051990
- JSON: https://secwatch.observer/filing/0001104659-24-051990.json
- Plain text: https://secwatch.observer/filing/0001104659-24-051990.txt

## Key facts
- Material Agreements
  AIR T FUNDING entered into At the Market Offering Agreement with Ascendiant Capital Markets, LLC valued at up to $8,000,000 (effective 2024-04-24).
  - Action: entry
  - Agreement: atm program
  - Counterparty: Ascendiant Capital Markets, LLC
  - Value: up to $8,000,000
  - Effective: 2024-04-24
  source text: On April 24, 2024, Air T, Inc. (the “Company”) and Air T Funding (the “Trust”) entered into an At the Market Offering Agreement (the “ATM Agreement”) with Ascendiant Capital Markets, LLC (the “sales agent” or “Ascendiant”), pursuant to which the Trust may sell and issue its Alpha Income Preferred Securities having an aggregate offering price of up to $8,000,000 (the “Capital Securities”) from time to time through Ascendiant, as the Trust’s sales agent (the “ATM Offering”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1760001/000110465924051990/0001104659-24-051990-index.htm

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