AIR INDUSTRIES GROUP amended Agreement and Plan of Merger with Tenax Aerospace Acquisition, LLC valued at Amendment to Merger Agreement dated June 8, 2026 amending definition of AIR Net Indebtedness; amendm (effective 2026-06-08).
“On June 8, 2026, Air Industries Group (" AIR ") entered into an amendment (the " Amendment ") to the Agreement and Plan of Merger, dated as of February 16, 2026, among Tenax Aerospace Acquisition, LLC (" Tenax "), AIR and Transitory Air Sub LLC (" Merger Sub ") (the " Merger Agreement ").”
Material Agreements
AIR INDUSTRIES GROUP amended Eleventh Amendment to Loan and Security Agreement with Webster Bank valued at Maturity date extended to September 30, 2026 (effective 2026-02-26).
“On February 26, 2026, we, Air Industries Group, entered into an Eleventh Amendment to our Loan and Security Agreement with Webster Bank ("Eleventh Amendment").”
Material Agreements
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).
“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.”
Material Agreements
AIR INDUSTRIES GROUP amended Tenth Amendment to Loan and Security Agreement with Webster Bank (effective 2025-12-15).
“On December 15, 2025, we, Air Industries Group, entered into a Tenth Amendment to Loan and Security Agreement with Webster Bank (“Tenth Amendment”).”
Governance Changes
AIR INDUSTRIES GROUP: Amended quorum requirement in Bylaws from a majority to thirty-three and one third percent (33.33%) of outstanding shares (effective 2025-07-08).
“Pursuant to a resolution approved by its Board of Directors, effective July 8, 2025, the Company adopted an amendment to the quorum requirement contained in Section 2.07 of the Company’s Amended and Restated Bylaws (“Bylaws”) to provide that the holders of thirty-three and one third percent (33.33%) of the outstanding shares of Common Stock entitled to vote at a shareholders meeting, present in person or represented by proxy, shall constitute a quorum for the transaction of business.”
Governance Changes
AIR INDUSTRIES GROUP: Increased authorized shares of common stock from 6,000,000 to 20,000,000 (effective 2025-07-08).
“On July 8, 2025, Air Industries Group (the “Company”) filed with the Secretary of State of Nevada a Certificate of Amendment to its Articles of Incorporation increasing the number of shares of common stock, par value $0.001 per share, it is authorized to issue from 6,000,000 to 20,000,000 shares.”
Auditor Changes
AIR INDUSTRIES GROUP engaged CBIZ CPAs P.C. as its auditor.
“On April 17, 2025, following the approval of the Audit Committee of the Company’s Board of Directors, CBIZ CPAs was engaged, effectively immediately, as the Company’s independent registered public accounting firm for the fiscal year ended December 31, 2025.”
Auditor Changes
Marcum LLP resigned as auditor of AIR INDUSTRIES GROUP.
“On April 16, 2025, Air Industries Group (the "Company") was notified by Marcum LLP ("Marcum") that Marcum resigned as the Company’s independent registered accounting firm.”
Earnings Releases
AIR INDUSTRIES GROUP reported third quarter ended September 30, 2023 results: revenue $12.3 million, net income net loss of $1.3 million.
“to continue to drive our bookings and sales levels higher from here”. Third Quarter 2023 Results ● Consolidated net sales for the third quarter ended September 30, 2023 were $12.3 million, a decrease of $912,000 or (6.9%) from $13.2 million in the second quarter of 2023, and $985,000 or (7.4%) lower than sales of $13.3 million in the third quarter of 2022. ●”
Listing & Compliance Notices
AIR INDUSTRIES GROUP received a nyse_american deficiency notice notice regarding late filing (rules 1007).
“November 21, 2023, Air Industries Group (the “Company”) received a notice from NYSE Regulation stating that the Company is not in compliance with the continued listing standards of the NYSE American (the “Exchange”) under the timely filing criteria included in Section 1007 of the NYSE American Company Guide (the “Company Guide”) because the Company failed to file by the extended due date of November 20, 2023, its Quarterly Report on Form 10-Q for the quarter ended September 30, 2023 (the “Form 10-Q”). In accordance with Section 1007 of the Company Guide, the Company will have six months from t”
Material Agreements
AIR INDUSTRIES GROUP amended Sixth Amendment to the Loan and Security Agreement with Webster Bank valued at Waived defaults for Fixed Charge Coverage Ratio; amended ratio calculations; increased Capital Expen (effective 2023-11-20).
“On November 20, 2023, we, Air Industries Group, entered into a Sixth Amendment to the Loan and Security Agreement with Webster Bank ("Sixth Amendment"). In the amendment Webster Bank waived the defaults caused by the failure to achieve the required Fixed Charge Coverage Ratio for the Fiscal Quarter ended September 30, 2023, and the fact that our Capital Expenditures were in excess of the amount permitted in the Webster Facility.”
Michael Recca departed as Chief Financial Officer at AIR INDUSTRIES GROUP.
“Mr. Glassman succeeds Michael Recca as the Company’s Chief Financial Officer, Principal Accounting Officer and Secretary of the Company.”
Scott Glassman was appointed as Chief Financial Officer, Principal Accounting Officer and Secretary at AIR INDUSTRIES GROUP.
“On October 16, 2023, Scott Glassman was appointed by the Board of Directors of Air Industries Group (the “Company”) to the positions of Chief Financial Officer, Principal Accounting Officer and Secretary of the Company.”
Shareholder Votes
AIR INDUSTRIES GROUP shareholders approved Ratification of the appointment of Marcum LLP as independent registered public accounting firm at the 2023-09-13 meeting.
“Proposal No. 3 -- Ratification of the appointment of Marcum LLP. The Company’s stockholders voted to ratify the appointment of Marcum LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2023. There were 1,903,517 votes in favor of ratification, 77,266 votes against and 14,698 abstentions. There were no broker non-votes in respect of this proposal.”
Shareholder Votes
AIR INDUSTRIES GROUP shareholders approved Amendment of the Company’s 2022 Equity Incentive Plan to increase shares and permit Restricted Stock Units at the 2023-09-13 meeting.
“Proposal No. 2 – Amendment of the Company’s 2022 Equity Incentive Plan. The Company’s stockholders voted to approve the amendment of the Company’s 2022 Equity Incentive Plan to (a) increase the number of shares of Common Stock available for issuance under the 2022 Plan by 250,000 shares from 100,000 shares to 350,000 shares and (b) specify that the Company may grant Restricted Stock Units pursuant to the Plan. There were 1,340,391 votes in favor of the amendment, 86,998 votes against and 8,449 abstentions. There were 559,643 broker non-votes in respect of this proposal.”
Shareholder Votes
AIR INDUSTRIES GROUP shareholders approved Election of directors at the 2023-09-13 meeting.
“Proposal No. 1 – Election of directors. The Company’s stockholders voted to elect the following persons as directors to serve for the following year or until their successors are duly elected and qualified: Name Votes For Votes Withheld Michael N. Taglich 1,271,466 164,372 Peter D. Rettaliata 1,267,339 168,499 Robert F. Taglich 1,272,415 163,423 David J. Buonanno 1,252,690 183,148 Michael Brand 1,252,881 182,957 Michael D. Porcelain 1,260,788 175,050 There were 559,643 broker non-votes.”
Material Agreements
AIR INDUSTRIES GROUP amended Fifth Amendment to Loan and Security Agreement with Webster Bank (effective 2023-08-04).
“On August 4, 2023, we, Air Industries Group, entered into a Fifth Amendment to Loan and Security Agreement with Webster Bank.”
Earnings Releases
AIR INDUSTRIES GROUP reported the quarter ended June 30, 2023 results: revenue $13.2 million, net income $395,000.
“Consolidated net sales for the second quarter ended June 30, 2023 were $13.2 million”
Earnings Releases
AIR INDUSTRIES GROUP reported the Three Months Ended March 31, 2023 results: revenue $12.5 million, net income $618,000.
“Consolidated net sales for the three months ended March 31, 2023 were $12.5 million, an increase of $487,000 or 4.0% from the first quarter of 2022.”
Listing & Compliance Notices
AIR INDUSTRIES GROUP received a nyse_american noncompliance notice notice regarding late filing (rules 1007).
“May 23, 2023, Air Industries Group (the “Company”) received a notice from NYSE Regulation stating that the Company is not in compliance with the continued listing standards of the NYSE American (the “Exchange”) under the timely filing criteria included in Section 1007 of the NYSE American Company Guide (the “Company Guide”) because the Company failed to file by the extended due date of May 22, 2023, its Quarterly Report on Form 10-Q for the quarter ended March 31, 2023 (the “Form 10-Q”). In accordance with Section 1007 of the Company Guide, the Company will have six months from the date of the”
Listing & Compliance Notices
AIR INDUSTRIES GROUP received a nyse_american deficiency notice notice regarding late filing (rules 1007).
“April 18, 2023, Air Industries Group (the “Company”) received a notice from NYSE Regulation stating that the Company is not in compliance with the continued listing standards of the NYSE American (the “Exchange”) under the timely filing criteria included in Section 1007 of the NYSE American Company Guide (the “Company Guide”) because the Company failed to file by the extended due date of April 17, 2023, its Annual Report on Form 10-K for the year ended December 31, 2022 (the “Form 10-K”). In accordance with Section 1007 of the Company Guide, the Company will have six months from the date of th”
Earnings Releases
AIR INDUSTRIES GROUP reported the twelve months ended December 31, 2022 results: revenue approximately $53.2 million, net income approximately $1.1 million.
“the following reflects preliminary and unaudited financial data for the year ended December 31, 2022: ● Consolidated net sales revenues in 2022 are expected to approximate $53.2 million, a decrease of 9.7% as compared to the $58.9 million achieved in 2021. This represents no change to the preliminary net sales amounts discussed on the Company’s year-end”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.