Air t, inc. announces completion of $4.0 million private placement of trust preferred securities

Charlotte, nc / accesswire / november 28, 2023 / today the company announces the completion of a private placement of $4.0 million of its 8% trust preferred securities (nasdaq:airtp) at a price of $17.00 per share for a 12.1% yield to maturity. this offering complements the company's currently active program to sell up to $5.4 million of 8% trust preferred securities ("trups") through its at-the-market offering.
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