{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-26-016863","form_type":"8-K","ticker":"AIRI","cik":"0001009891","company_name":"AIR INDUSTRIES GROUP","filed_at":"2026-02-17T23:59:59+00:00","discovered_at":"2026-05-14T18:02:34.391854+00:00","generated_at":"2026-05-16T02:17:38.596803+00:00","sec_items":["1.01","3.02","7.01","9.01"],"event_type":"m_and_a","sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Air Industries to acquire Tenax Aerospace via share issuance; Tenax holders to own 95%","bullets":["Issues ~112.5M shares (95% post-close) to Tenax members; existing holders retain ~5%.","Combined FY2025 pro forma revenue ~$183.3M, Adjusted EBITDA ~$65.0M.","Pro forma 2026 revenue >$210M, Adjusted EBITDA >$75.0M; net debt ~$380M.","Tom Foley (Tenax Chair) to become Chairman; closing expected by June 30, 2026.","Debt Adjusted AIR Share Price ~$3.44; tender offer for up to 1M shares if price below that."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-26-016863","json":"https://secwatch.observer/filing/0001213900-26-016863.json","markdown":"https://secwatch.observer/filing/0001213900-26-016863.md","text":"https://secwatch.observer/filing/0001213900-26-016863.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1009891/000121390026016863/0001213900-26-016863-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1009891/000121390026016863/ea0277269-8k_airindus.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T02:17:38.596803+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":[{"claim_id":"bfca666f60527dc854adab47143e3668c2d37af4","claim":"AIR INDUSTRIES GROUP entered into Agreement and Plan of Merger with Tenax Aerospace Acquisition, LLC valued at AIR will issue up to 94,400,000 shares of AIR Common Stock, subject to adjustment, constituting the (effective 2026-02-16).","evidence_excerpt":"On February 16, 2026, Air Industries Group, a Nevada corporation (“ AIR ”), entered into an Agreement and Plan of Merger (the “ Merger Agreement ”) with Tenax Aerospace Acquisition, LLC, a Delaware limited liability company (“ Tenax ”), and Transitory Air Sub LLC , a Delaware limited liability company and wholly owned Subsidiary of AIR (“ Merger Sub ”), pursuant to which Merger Sub will merge with and into Tenax, with Tenax continuing as the surviving company in such merger (the “ Merger ”) and a wholly owned Subsidiary of AIR.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1009891/000121390026016863/0001213900-26-016863-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"merger"},{"label":"Counterparty","value":"Tenax Aerospace Acquisition, LLC"},{"label":"Value","value":"AIR will issue up to 94,400,000 shares of AIR Common Stock, subject to adjustment, constituting the"},{"label":"Effective","value":"2026-02-16"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}