Air Industries (NYSE: AIRI) amends Webster loan, pledges $3.93M cash

Rhea-AI Filing Summary

Air Industries Group entered into a Ninth Amendment to its Loan and Security Agreement with Webster Bank on September 10, 2025. Under this amendment, the company agreed that $3,930,000 of proceeds from its at-the-market equity offering will be kept in an interest-bearing account at Webster Bank.

The cash in this account will serve as security for Air Industries Group’s obligations under the existing loan and security agreement, effectively pledging part of its ATM proceeds as collateral to support its credit facility.

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SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (date of earliest event reported): September 10, 2025

AIR INDUSTRIES GROUP

(Exact Name of Registrant as Specified in its Charter)

Nevada		001-35927		80-0948413
State of Incorporation		Commission File Number		IRS Employer I.D. Number

1460 Fifth Avenue, Bay Shore, New York 11706

(Address of Principal Executive Offices)

Registrant’s telephone number: (631) 968-5000

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, par value $0.001		AIRI		NYSE American

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01 Entry Into a Definitive Material Agreement.

On September 10, 2025, we, Air Industries Group, entered into the Ninth Amendment to Loan and Security Agreement with Webster Bank (“Ninth Amendment”). In the Ninth Amendment, we agreed that $3,930,000 of the proceeds from our At The Market Offering would be maintained in an interest bearing account at Webster Bank. The funds in this account serve as security for our obligations under the Loan and Security Agreement.

A copy of the Ninth Amendment is annexed to this Report as Exhibit 10.1 and reference is made thereto for the complete terms and conditions of the Ninth Amendment.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.		Description
10.1		Ninth Amendment to Loan and Security Agreement with Webster Bank, National Association
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: September 12, 2025

	AIR INDUSTRIES GROUP
	By:	/s/ Scott Glassman
		Scott Glassman
		Chief Financial Officer

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FAQ

What did Air Industries Group (AIRI) disclose in this 8-K?

Air Industries Group disclosed that it entered into the Ninth Amendment to its Loan and Security Agreement with Webster Bank, updating certain terms related to collateral.

How much cash is being pledged under the new loan amendment by AIRI?

The company agreed that $3,930,000 of proceeds from its At The Market Offering will be maintained in an interest-bearing account at Webster Bank.

What is the purpose of the $3,930,000 account for Air Industries Group?

The $3,930,000 held in the interest-bearing account at Webster Bank will serve as security for Air Industries Group’s obligations under its Loan and Security Agreement.

Which bank is involved in Air Industries Group’s Ninth Amendment?

The Ninth Amendment to the Loan and Security Agreement is with Webster Bank, National Association, which holds the secured interest-bearing account.

Where can investors find the full terms of the Ninth Amendment for AIRI?

The complete terms are contained in Exhibit 10.1 to the report, titled "Ninth Amendment to Loan and Security Agreement with Webster Bank, National Association."

Does this filing relate to Air Industries Group’s at-the-market offering?

Yes. The amendment specifies that $3,930,000 of proceeds from Air Industries Group’s At The Market Offering must be kept on deposit as collateral at Webster Bank.