AIR Global (NASDAQ: AIIR) announced that Crown Switch™ won Best Vape Device of the Year at the InterTabac World Alternative Awards. Developed with Greentank, AIR’s first rechargeable pod vape system debuted in Germany last year. AIR plans to bring it to the United States in the future. Winners are selected through public online voting and expert jury evaluations.
AIR announced a USD $20 million equity investment in Greentank in July 2026. A McKinney Specialty Labs pilot study compared Crown Switch aerosol emissions with published data from the Smith study of FDA-authorized e-cigarettes. Crown Switch showed carbon monoxide below detection limits, approximately 94% less formaldehyde and 97% less nickel metal than comparable products in that study. The pilot data are preliminary and subject to further testing and verification.
AIR Global (AIIR) subsidiary AIR Limited has priced $425 million of senior unsecured notes maturing in 2031. The five-year notes carry a 7.875% annual coupon and will be guaranteed on a senior basis by AIR Global and certain AIR Limited subsidiaries.
AIR Limited expects to use the gross proceeds to repay amounts outstanding under its term loan and revolving credit facilities, including related interest, premiums, fees and expenses. The proceeds may also be used for general corporate purposes, including offering costs. Settlement is expected on or around October 1, 2026, subject to customary closing conditions.
AIR Limited (AIIR) has launched an offering of U.S. dollar‑denominated senior unsecured notes under Rule 144A/Regulation S on September 21, 2026.
The notes will be guaranteed on a senior basis by AIR Global PLC and certain subsidiaries. Pricing terms, including interest rate and offering price, will be set at the time of pricing, subject to market conditions. AIR Limited expects to use gross proceeds primarily to repay amounts outstanding under its term loan and revolving credit facilities, including related interest, premiums, fees and expenses, and for general corporate purposes. Completion of the offering and planned use of proceeds is not assured.
AIR Global (AIIR) will participate in a fireside chat at the Barclays Global Consumer Conference at 4:30 p.m. ET on Tuesday, September 8, 2026. CEO Stuart Brazier and CFO Bassem Lotfy are scheduled to represent the company. A live webcast will be available via the News & Events section of AIR’s Investor Relations website, with an archived replay accessible shortly after the event.
AIR Global (NASDAQ: AIIR) reported that all resolutions at its Extraordinary General Meeting held on August 24, 2026 in London were approved. Shareholders authorized the Company to repurchase 5,000,000 ordinary shares from Harraden Circle Investors, LP and related entities at US$10.49 per share, for an aggregate consideration of US$52.45 million, and approved the related share repurchase contract linked to a prepaid share forward entered on May 11, 2026.
Shareholders also granted general authorities for future off‑market repurchases, including tender offers and privately negotiated transactions, and for open‑market buybacks on a securities exchange, subject to legal, regulatory and fiduciary constraints. In addition, they approved amendments to the articles of association allowing meeting notices to be given via a notice on the Company’s website. Voting turnout was high relative to the 160,386,602 issued shares, with most proposals receiving over 89% of votes cast in favor.
AIR Global (NASDAQ: AIIR) reported its first-half 2026 results, with revenue up 3.7% year over year to $206.9 million, driven mainly by FSM revenue of $204.7 million and strong 14.0% price/mix growth despite a 9.0% decline in FSM shipment volumes and major Strait of Hormuz disruptions.
The company posted an operating loss of $63.6 million and a net loss of $81.8 million, versus prior-year profit, largely due to IPO and listing-related expenses, non-cash share-based compensation and regional supply chain costs. EBITDA was a loss of $52.1 million, while Adjusted EBITDA was stable at $71.7 million. By region, FSM-Americas Adjusted EBITDA rose 17.2%, Europe’s fell sharply, and MEAA Adjusted EBITDA declined 4.0%. NGC revenue grew 37.5% but remained loss-making.
For FY 2026, AIR expects shipment volumes broadly flat versus 2025, revenue growth of 4%–6% and low- to mid-single-digit Adjusted EBITDA growth, plus stable leverage. The company also announced a $20 million strategic investment in Greentank and confirmed approximately 160.39 million ordinary shares outstanding, including earnout structures.
AIR Global (Nasdaq: AIIR) outlines key metrics following its Nasdaq listing. As of June 5, 2026, the share price was US$6.91 with about 160.39 million shares outstanding. The company details a Forward Purchase Agreement over ~5 million shares and reports Net Debt of ~US$268.1 million as of December 31, 2025, plus additional lease, derivative and transaction-cost liabilities. Potential FPA gross proceeds could reach about US$52.45 million if fully executed.
AIR Global (Nasdaq: AIIR) announced that its ordinary shares have begun trading on the Nasdaq Stock Market under the symbol “AIIR”. The company will ring the Nasdaq Opening Bell on May 21, 2026 to mark the milestone.
AIR highlights a flavored shisha molasses market estimated at $15–19 billion with projected 4–6% CAGR from 2025–2030. Recent initiatives include a planned 70,000 sq ft Romania facility (targeted operational by Q1 2027, supporting 150+ jobs, 4,000+ tons capacity), acquisition of NameLess brand rights, launch of the Crown Switch vape system in Germany, and a product collaboration with Snoop Dogg.
The Nasdaq listing follows a business combination between AIR and CAEP, resulting in AIR Global PLC becoming publicly listed in the United States under ticker AIIR.