Air Industries sets 1-for-5 reverse stock split effective Nov. 20 to meet NYSE American $4 listing rule

AIR INDUSTRIES GROUP

Reverse split effective 12:01 a.m. ET on Nov. 20, 2026; ticker stays AIRI, new CUSIP 00912N 502; outstanding shares drop from 4,856,181 to about 971,237.
Board authorized the split on Nov. 3, 2026 under Nevada NRS 78.207 without shareholder approval; fractional shares rounded up, no cash paid for fractions.
Split is driven by the Tenax Aerospace Acquisition merger: NYSE American Section 341 requires a post-reverse-merger entity to meet the $4.00 initial listing price.
Stockholders vote Nov. 18, 2026 on raising authorized shares from 20 million to 200 million; the split then reduces authorized shares to 40 million.
Company warns there is no assurance AIRI trades above $4.00 at the merger's effective time, which would leave the combined company short of NYSE American listing standards.

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