secwatch.observer — SEC 8-K summary
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Issuer:     AIR INDUSTRIES GROUP (AIRI)
CIK:        0001009891
Form:       8-K
Filed at:   2025-09-15T23:59:59+00:00
Accession:  0001213900-25-087386
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Air Industries amends credit agreement; $3.93M ATM proceeds placed as collateral
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- Ninth Amendment to Loan and Security Agreement with Webster Bank, dated Sept 9, 2025.
- $3,930,000 of ATM offering proceeds must be held in a blocked interest-bearing account as security.
- Borrowing base definition amended to include 'Qualified Cash' (unrestricted cash in a Controlled Account with Lender).
- Deposit Account requirements updated; controlled account for Qualified Cash is blocked so no credit party access.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1009891/000121390025087386/0001213900-25-087386-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1009891/000121390025087386/ea0256921-8k_airindus.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-087386

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