Here are the 424B prospectus supplements from Air T Inc (AIRT) in our archive over the last 12 months, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow AIRT and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full AIRT filings page.
Air T Funding, a finance subsidiary of Air T, Inc., is offering up to 320,000 Alpha Income Trust Preferred Securities ("Capital Securities") with a $25 liquidation amount per share, for aggregate gross proceeds of up to $8,000,000, in an "at the market" program through Ascendiant Capital Markets, LLC. The trust will invest all proceeds in 8.0% Junior Subordinated Debentures of Air T, which mature on June 7, 2049, and Air T fully and unconditionally guarantees distributions and redemption payments to the extent of funds in the trust. The Capital Securities pay cumulative quarterly cash distributions of $2.00 per year per share (8.0% of $25), are redeemable at par plus accrued distributions on or after June 7, 2024, and may also be redeemed upon a Tax Event or Investment Company Event. The securities are listed on NASDAQ under the symbol AIRTP; as of July 6, 2026, the last reported sales price was $19.63. Sales, combined with any separate Air T common stock ATM program, are limited by General Instruction I.B.6 of Form S-3, with one‑third of Air T’s non‑affiliate equity market value (about $9.0 million) capping primary offerings in any 12‑month period.
Air T, Inc. is establishing an at-the-market offering program to issue and sell up to $8,000,000 of common stock from time to time through Ascendiant Capital Markets, LLC as sales agent. The shares may be sold on NASDAQ or through other market transactions, with the sales agent earning a 3.0% commission on the gross sales price per share.
As of July 6, 2026, the aggregate market value of common equity held by non-affiliates was about $27.1 million, so sales are constrained by General Instruction I.B.6 of Form S‑3, monitored together with Air T Funding’s separate at‑the‑market program for up to $8,000,000 of Alpha Income Trust Preferred Securities. Air T intends to use any net proceeds for general corporate purposes, including investments in or advances to subsidiaries and debt reduction. An illustrative scenario using a sale of 52,757 shares at $31.99 per share shows immediate dilution of $7.31 per share to new investors relative to an as-adjusted net tangible book value of $24.68 per share.