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Recent Updates — AIRI

August 24, 2026View Source ↗

Air Industries Group entered into a Twelfth Amendment to its Loan and Security Agreement with Webster Bank on August 18, 2026. This amendment extends the maturity date of the revolving credit and term loans to November 30, 2026. Concurrently, holders Michael Taglich and Robert Taglich agreed to extend the maturity of their subordinated notes until December 1, 2026. The company operates in the aerospace industry, manufacturing aircraft components.

August 3, 2026View Source ↗

Air Industries Group amended its merger agreement with Tenax Aerospace Acquisition, LLC to extend the closing deadline from September 30, 2026, to November 30, 2026. The extension addresses delays caused by a Securities and Exchange Commission review of the company's Form S-4 registration statement filed on July 22, 2026. Management anticipates the registration will become effective before the end of the third quarter, followed by a shareholder meeting and transaction closure prior to the new November deadline. The economic terms of the merger remain unchanged. Air Industries Group manufactures precision components and assemblies for aerospace and defense prime contractors.

July 9, 2026View Source ↗

Air Industries Group entered into an Amended and Restated Agreement and Plan of Merger with Tenax Aerospace Acquisition, LLC, involving the issuance of 126,900,000 shares of common stock to Tenax members, resulting in Tenax members owning approximately 96% of the company. The transaction includes a 1-for-5 reverse stock split to adjust share counts and pricing. Air Industries Group operates in the aerospace industry and provides various aviation-related services.

June 12, 2026View Source ↗

Air Industries Group entered into an amendment to its merger agreement with Tenax Aerospace Acquisition, LLC and Transitory Air Sub LLC on June 8, 2026. The amendment modifies the definition of Net Indebtedness to account for a $1,971,070 prepayment received by its subsidiary, Air Industries Machining Corp., on June 2, 2026. This adjustment is intended to mitigate the impact of this advance and a related promissory note on the calculation of the number of shares of common stock to be issued in the merger. Air Industries Group operates in the aerospace industry and provides machining and manufacturing services.