secwatch.observer — SEC 8-K summary
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Issuer:     AIR INDUSTRIES GROUP (AIRI)
CIK:        0001009891
Form:       8-K
Filed at:   2026-07-09T20:45:15+00:00
Accession:  0001213900-26-076769
Event type: m_and_a
Sentiment:  positive
Materiality: 0.95
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Air Industries amends merger with Tenax; fixed share consideration, reverse split, eliminates tender offer
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- Fixed Merger Consideration: 126.9M shares (25.38M post-split) to Tenax members; Debt Adjusted AIR Share Price set at $3.05 ($15.25 post-split).
- Requires 1-for-5 reverse stock split before closing; authorized shares reduced proportionally from 200M to 40M post-split.
- Eliminates post-closing tender offer for up to 1M shares at Debt Adjusted AIR Share Price.
- Tenax members will own ~96% of outstanding AIRI common stock post-merger; existing stockholders ~4%.
- Closing subject to stockholder approval of charter amendment (increase authorized to 200M) and stock issuance; HSR waiting period expired.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1009891/000121390026076769/0001213900-26-076769-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1009891/000121390026076769/ea0297462-8k_airindus.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-076769

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