secwatch.observer — SEC 8-K summary
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Issuer:     AIR INDUSTRIES GROUP (AIRI)
CIK:        0001009891
Form:       8-K
Filed at:   2026-11-10T21:21:26+00:00
Accession:  0001213900-26-118047
Event type: debt
Sentiment:  neutral
Materiality: 0.62
Item codes: 1.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Air Industries extends Santander loan maturity to April 30, 2027 and Taglich notes to May 1, 2027
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- Air Industries' Thirteenth Amendment with Santander Bank extends revolving and term loan maturity to April 30, 2027; AIRI paid a $50,000 amendment fee.
- Borrowers also owe a $50,000 additional fee at maturity, making aggregate additional fees $200,000 with the prior $150,000 fee from the Eleventh Amendment.
- Michael and Robert Taglich extended related-party notes to May 1, 2027; if the Tenax merger does not close by Nov. 30, 2026, principal rises 2%.
- Post-Nov. 30, 2026, Taglich note interest resets to greater of 12.5% or SOFR+8.5%, and default rate to greater of 24% or SOFR+15%; conversion price stays unchanged.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1009891/000121390026118047/0001213900-26-118047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1009891/000121390026118047/ea0311564-8k_airindus.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-118047

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