Air t, inc. announces commencement of exchange offer

Denver, nc / accesswire / may 18, 2023 / air t, inc. (nasdaq:airt) ("airt" or the "company") today announced the official commencement of an exchange offer for up to 138,000 of its shares of common stock, $0.25 par value per share ("common shares"). as first announced on march 28, 2023, the company will acquire common shares in exchange for consideration consisting of newly‑issued shares of air t funding 8.0% alpha income trust preferred securities valued at their liquidation preference $25.00 per share ("trups") (collectively, the "exchange offer").
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