Air T, Inc. and its subsidiaries entered into Amendment No. 7 to their credit agreement with Alerus Financial on September 1, 2026. The amendment increases the revolving credit commitment from $20.0 million to $25.0 million and extends the termination date to August 27, 2029. It also consolidates existing term loans into a new Consolidated Term Note with an original principal amount of $11.46 million, requiring monthly principal payments starting at $95,500 through August 2029 and increasing to $119,375 thereafter, with all remaining principal due on August 27, 2031. The borrowing base was revised to include specific percentages of eligible accounts and inventory. Air T operates in the aviation ground support equipment leasing industry.

Air T, Inc. entered into an At the Market Offering Agreement with Ascendiant Capital Markets, LLC on July 10, 2026, allowing the company to offer and sell up to $8,000,000 of its common stock. The agreement includes a 3.0% placement fee for the Agent. Air T, Inc. operates in the aviation and transportation services industry.