AIR T INC Files SC 13D/A Amendment

Ticker: AIRTP · Form: SC 13D/A · Filed: Aug 19, 2024 · CIK: 353184

Sentiment: neutral

Topics: corporate-filing, amendment, ownership-update

Related Tickers: AIRT

TL;DR

AIR T INC filed a 13D/A amendment on 8/19/24, updating ownership details and company history.

AI Summary

On August 19, 2024, AIR T INC filed an amendment to its Schedule 13D, indicating a change in its ownership structure. The filing details the company's business address and historical name changes, including its former names Air Transportation Holding Co Inc and Atlanta Express Airline Corp.

Why It Matters

This filing provides updated information on the ownership and corporate structure of AIR T INC, which is crucial for investors to understand potential control changes and company history.

Risk Assessment

Risk Level: low — The filing is an amendment to a Schedule 13D, primarily providing updated corporate information rather than announcing a new event or significant transaction.

Key Players & Entities

FAQ

What is the primary purpose of this SC 13D/A filing?

The primary purpose is to amend the previously filed Schedule 13D, providing updated information regarding the company's ownership and corporate details.

When was this amendment filed?

This amendment was filed on August 19, 2024.

What are the former names of AIR T INC mentioned in the filing?

The filing mentions two former names: Air Transportation Holding Co Inc and Atlanta Express Airline Corp.

What is the business address of AIR T INC?

The business address is 11020 DAVID TAYLOR DRIVE, SUITE 305, CHARLOTTE, NC 28262.

What is the SIC code for AIR T INC?

The Standard Industrial Classification (SIC) code for AIR T INC is 4513, which corresponds to Air Courier Services.

Filing Stats: 4,070 words · 16 min read · ~14 pages · Grade level 10.3 · Accepted 2024-08-19 16:30:24

Key Financial Figures

Filing Documents

From the Filing

SC 13D/A 1 amendmentno17-schedule13.htm SC 13D/A amendmentno17-schedule13 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D/A Under the Securities Exchange Act of 1934 (Amendment No. 17) LENDWAY, INC. (Name of Issuer) Common Stock, par value of $0.01 per share (Title of Class of Securities) 45765Y204 (CUSIP Number) Air T, Inc. 11020 David Taylor Drive, Suite 305 Charlotte, North Carolina 28262 Telephone: (980) 595-2840 (Name, Address and Telephone Number of Persons Authorized to Receive Notices and Communications) - with copy to- Philip T. Colton Winthrop & Weinstine, P.A. 225 South Sixth Street Suite 3500 Minneapolis, Minnesota 55402 (612) 604-6500 August 15, 2024 (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. CUSIP NO. 45765Y204 Page 2 of 16 Pages 1 NAME OF REPORTING PERSON Air T, Inc. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) (b) 3 SEC USE ONLY 4 SOURCE OF FUNDS (SEE INSTRUCTIONS) WC 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) 6 CITIZENSHIP OR PLACE OF ORGANIZATION Minnesota NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER 486,819 8 SHARED VOTING POWER 0 9 SOLE DISPOSITIVE POWER 486,819 10 SHARED DISPOSITIVE POWER 0 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 486,819* 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 27.5% 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) CO * Reflects the seven-for-one reverse stock split that the Company implemented effective December 31, 2020. CUSIP NO. 45765Y204 Page 3 of 16 Pages 1 NAME OF REPORTING PERSON Groveland Capital LLC 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) (b) 3 SEC USE ONLY 4 SOURCE OF FUNDS (SEE INSTRUCTIONS) WC 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER 0 8 SHARED VOTING POWER 60,284 9 SOLE DISPOSITIVE POWER 0 10 SHARED DISPOSITIVE POWER 60,284 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 60,284* 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 3.4% 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) OO * Reflects the seven-for-one reverse stock split that the Company implemented effective December 31, 2020. CUSIP NO. 45765Y204 Page 4 of 16 Pages 1 NAME OF REPORTING PERSON AO Partners I, L.P. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) (b) 3 SEC USE ONLY 4 SOURCE OF FUNDS (SEE INSTRUCTIONS) WC 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER 0 8 SHARED VOTING POWER 139,444 9 SOLE DISPOSITIVE POWER 0 10 SHARED DISPOSITIVE POWER 139,444 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 139,444* 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.9% 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) PN * Reflects the seven-for-one reverse stock split that the Company implemented effective December 31, 2020. CUSIP NO. 45765Y204 Page 5 of 16 Pages 1 NAME OF REPORTING PERSON AO Partners, LLC 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) (b) 3 SEC USE ONLY 4 SOURCE OF FUNDS (SEE INSTRUCTIONS) WC 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER 0 8 SHARED VOTING POWER 139,444 9 SOLE DISPOSITIVE POWER 0 10 SHARED DISPOSITIVE POWER 139,444 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 139,444* 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.9% 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) OO * Reflects the seven-for-one reverse stock split that the Company implemented effective December 31, 2020. CUSIP NO. 45765Y204 Page 6 of 16 Pages 1 NAME OF REPORTING PERSON Glenhurst Co. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) (b) 3 SEC USE ONLY 4 SOURCE OF FUNDS (SEE INSTRUCTIONS) WC 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or

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