Air Industries Group Files 8-K with Material Agreement
Ticker: AIRI · Form: 8-K · Filed: Jun 3, 2024 · CIK: 1009891
| Field | Detail |
|---|---|
| Company | Air Industries Group (AIRI) |
| Form Type | 8-K |
| Filed Date | Jun 3, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.001, $1,000,000, $135,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, filing, regulation-fd
TL;DR
AIR just filed an 8-K for a material agreement. Big news coming.
AI Summary
On May 31, 2024, Air Industries Group entered into a Material Definitive Agreement. The filing also includes Regulation FD Disclosure and Financial Statements and Exhibits. The company, incorporated in Nevada, is involved in the Aircraft Part & Auxiliary Equipment sector.
Why It Matters
This 8-K filing indicates a significant new agreement for Air Industries Group, which could impact its future financial performance and operations.
Risk Assessment
Risk Level: medium — Material definitive agreements can introduce new risks or opportunities that are not yet fully understood.
Key Players & Entities
- Air Industries Group (company) — Registrant
- May 31, 2024 (date) — Date of earliest event reported
- Nevada (jurisdiction) — State of Incorporation
- AIRCRAFT PART & AUXILIARY EQUIPMENT, NEC [3728] (industry) — Standard Industrial Classification
FAQ
What is the nature of the Material Definitive Agreement filed on May 31, 2024?
The filing indicates the entry into a Material Definitive Agreement, but the specific details of the agreement are not provided in the provided text.
What is Air Industries Group's primary business sector?
Air Industries Group is classified under AIRCRAFT PART & AUXILIARY EQUIPMENT, NEC [3728].
In which state is Air Industries Group incorporated?
Air Industries Group is incorporated in Nevada.
What is the principal executive address of Air Industries Group?
The principal executive address is 1460 Fifth Avenue, Bay Shore, New York 11706.
What other items are included in this 8-K filing besides the material agreement?
This 8-K filing also includes Regulation FD Disclosure and Financial Statements and Exhibits.
Filing Stats: 683 words · 3 min read · ~2 pages · Grade level 11.4 · Accepted 2024-06-03 08:04:32
Key Financial Figures
- $0.001 — ch registered Common Stock, par value $0.001 AIRI NYSE American Indicate by ch
- $1,000,000 — r an additional advance of one million ($1,000,000) dollars under the Term Loan and a redu
- $135,000 — l rate of amortization by approximately $135,000. The increase in the term loan is offse
Filing Documents
- ea0207225-8k_airindust.htm (8-K) — 37KB
- ea020722501ex10-1_airindust.htm (EX-10.1) — 48KB
- ea020722501ex99-1_airindust.htm (EX-99.1) — 18KB
- ex99-1_001.jpg (GRAPHIC) — 5KB
- 0001213900-24-048783.txt ( ) — 294KB
- airi-20240531.xsd (EX-101.SCH) — 3KB
- airi-20240531_lab.xml (EX-101.LAB) — 33KB
- airi-20240531_pre.xml (EX-101.PRE) — 22KB
- ea0207225-8k_airindust_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 Seventh Amendment to Loan and Security Agreement with Webster Bank, National Association 99.1 Press Release issued by Air Industries Group on June 3, 2023 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 1
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: June 3, 2024 AIR INDUSTRIES GROUP By: /s/ Scott Glassman Scott Glassman Chief Financial Officer 2