Harraden Circle Investments, LLC and Frederick V. Fortmiller, Jr. filed an amended Schedule 13G reporting their holdings in AIR Global PLC Class A shares. The reporting persons beneficially own 4,998,421 Class A shares, representing 3.12% of the class, with no sole voting or dispositive power and shared voting and dispositive power over all reported shares. Certain Harraden funds have the right to receive dividends and sale proceeds from these securities. The amendment states that the reporting persons have ceased to be beneficial owners of more than five percent of the outstanding Class A shares and is characterized as an exit filing. AIR Global PLC was formerly known as Cantor Equity Partners III Inc., with a prior CUSIP of G1828A108.
Conifer Management, L.L.C. reports a significant passive stake in AIR Global PLC ordinary shares. Conifer beneficially owns 9,666,791 ordinary shares, representing 6.0% of the class as of June 30, 2026. The firm has sole voting and sole dispositive power over all reported shares, with no shared voting or dispositive authority. Conifer notes that each reporting person disclaims beneficial ownership beyond its pecuniary interest.
AIR Global PLC received a Schedule 13G reporting a large passive ownership position by a group of Kingsway-managed investment vehicles and Manuel Stotz. As of June 30, 2026, the reporting persons collectively beneficially owned 97,404,379 Ordinary Shares of AIR Global PLC, based on 160,386,602 Ordinary Shares outstanding as of May 15, 2026. This represents 60.7% of the outstanding class. The shares are held across several Kingsway entities, including Kingsway Fund Frontier Consumer Franchises and multiple Kingsway FCF Overflow SPC segregated portfolios. The ownership includes 4,638,302 earnout shares that may be redesignated, redeemed, or cancelled if vesting conditions are not met within five years after May 15, 2026. Kingsway Capital Partners Limited acts as investment manager to the Kingsway entities, and Manuel Stotz, as its Chief Executive Officer and control person, has voting and investment control, resulting in shared voting and dispositive power over the reported shares.
AIR Global PLC received a Schedule 13G reporting that KIM AIR Limited and Khaleel Mamoori together beneficially own 15,463,722 Ordinary Shares, or 9.6% of the company’s Ordinary Shares. This is based on 160,386,602 shares outstanding as of May 15, 2026.
KIM AIR Limited is the record owner of these shares, including 736,367 earnout shares that may be redesignated, redeemed or cancelled if vesting conditions are not met within five years after May 15, 2026. Mr. Mamoori exercises voting and investment power over the shares held by KIM AIR Limited, giving them shared voting and dispositive power over all 15,463,722 shares.
Bank of Jordan plc filed a Schedule 13G reporting passive beneficial ownership in AIR Global PLC ordinary shares. As of June 30, 2026, based on 160,386,602 ordinary shares outstanding as of May 15, 2026, Bank of Jordan plc reports beneficial ownership of 9,906,941 ordinary shares, representing 6.2% of the class. This position includes 471,759 earnout shares that may be redesignated, redeemed or cancelled if vesting conditions are not met within five years following May 15, 2026. The reporting person has sole voting and dispositive power over all 9,906,941 shares and no shared voting or dispositive power.
AIR Global PLC is convening an Extraordinary General Meeting on 24 August 2026 at 2:00 p.m. London time, with a record date of 10 July 2026, to seek shareholder approval for several share repurchase authorities and an articles amendment. The central transaction is the repurchase of 5,000,000 ordinary shares from Harraden Circle funds at US$10.49 per share, for an aggregate US$52,450,000, implemented under a prepaid share forward agreement that requires shareholder approval under the Companies (Jersey) Law 1991.
Two further proposals would authorise the Board, subject to price limits, to repurchase up to 20% of the Company’s outstanding ordinary shares in each defined period through 24 August 2031, via off‑market issuer tender offers or privately negotiated transactions and via open‑market purchases on a securities exchange. The minimum repurchase price is set at US$0.0001 per share, with maximum prices tied to independent market bids, last transaction prices and, for tender offers, up to 30% above a 30‑day volume‑weighted average price. The Company states that, other than the Harraden repurchase, it has no other share repurchases currently planned.
The final proposal is a special resolution to amend the Articles of Association so that at least 14 clear days’ notice of general meetings may be given solely by directing eligible persons to a notice on the Company’s website instead of mailing notices. The Board of Directors unanimously recommends voting FOR all five proposals. Shareholders may attend in person in London or participate and vote via a virtual meeting platform, with internet voting instructions accepted until 11:59 p.m. Eastern Time on 23 August 2026.
AIR Global PLC filed a prospectus supplement to its Form F-4 registration statement covering up to 30,221,578 ordinary shares and incorporating a recent report as additional information. Ordinary shares trade on the Nasdaq Global Market under the symbol AIIR, with a last reported price of $6.00 per share on July 28, 2026.
The incorporated report describes a strategic equity investment in Greentank Innovations Corp. AIR invested $20 million in Greentank preferred shares, based on a $170 million pre-money valuation, and received a warrant to increase its ownership stake by another 20% over the next 24 months at a $250 million valuation. AIR also obtained the right to nominate a Greentank director, along with enhanced commercial terms, access to new technologies and long-term supply assurances.
AIR Global PLC provided key metrics following its Nasdaq listing and recent business combination. The company reported Net Debt of approximately US$268 million as of December 31, 2025, based on total borrowings of US$387.53 million and cash and cash equivalents of US$119.46 million.
As of June 5, 2026, AIR’s share price on Nasdaq was US$6.91, with approximately 160.39 million ordinary shares outstanding, including about 5 million shares tied to a Forward Purchase Agreement and 8.69 million earnout shares that vest only if price thresholds of US$12.50 and US$15.00 are met before May 31, 2031.
The Forward Purchase Agreement covers roughly 5 million shares with a current Redemption Price of US$10.49 per share. If fully executed, AIR would receive gross proceeds of about US$52.45 million; if the share price stays below US$10.00 through the valuation date six months after May 15, 2026, those shares would be returned and no cash would be received under the agreement.
AIR Global PLC, now listed on Nasdaq as “AIIR,” filed a post‑business‑combination Form 20‑F after completing its SPAC merger with Cantor Equity Partners III and acquiring AIR Limited on May 15, 2026. Following the transactions, 160,386,602 Pubco ordinary shares were issued and outstanding, out of 600,000,000 authorized shares.
Before closing, 22,373,640 CAEP Class A shares were redeemed for about $234.7 million, leaving 5,226,360 CAEP Class A shares outstanding at closing. AIR operates as Pubco’s wholly owned subsidiary and is described as a leading global producer of branded flavored molasses for hookah, with an estimated 36%–44% market share in its operating markets (excluding Russia and Turkey) as of December 31, 2025.
Ownership is highly concentrated: affiliates of Kingsway Capital Partners Limited beneficially own 97,404,379 shares, or 60.73% of Pubco, while all directors and executive officers as a group hold 62.00%. The filing also notes a Dubai Court of First Instance judgment in a trademark dispute with a former Ajman sponsor, granting injunctive relief but denying $20 million in requested damages; the parties have 30 days to appeal.
AIR Global PLC reports that its ordinary shares have begun trading on the Nasdaq Stock Market under the symbol “AIIR”, marking the company’s entry into U.S. public markets. AIR positions itself as a global leader in flavored shisha molasses and advanced inhalation technologies with distribution in more than 90 markets.
The company highlights a flavored molasses market estimated at $15–19 billion in consumer spending, with expected 4–6% CAGR from 2025–2030. To support growth, AIR plans a new roughly 70,000-square-foot manufacturing facility in Romania, targeted to start operations by Q1 2027 and ultimately support over 150 jobs and produce more than 4,000 tons of flavored shisha molasses annually.
AIR also notes recent initiatives including acquiring rights to Germany’s NameLess brand, launching the Crown Switch rechargeable pod vape system in Germany, and a collaboration with Snoop Dogg on exclusive hookah flavors, all aimed at expanding its global product and brand footprint.