Item 3.02 Sale of Unregistered Equity Securities.
On January 9, 2018 Air Industries Group (the “Company”) issued and sold to 35 accredited investors an aggregate of 852,000 shares of its common stock (the “Shares”) and warrants to purchase an additional 255,600 shares of common stock (the “Warrants”), for gross proceeds of $1,065,000 pursuant to a private placement (the “Offering”). The purchase price for the Shares and Warrants was $1.25 per Share. The Company previously sold a total of 725,390 shares of common stock and warrants to purchase an additional 224,400 shares of common stock for gross proceeds of $935,000 on November 29, 2017, December 5, 2017 and December 29, 2017 pursuant to the Offering.
The Warrants have an exercise price of $1.50 per share, subject to certain anti-dilution and other adjustments, including stock splits, and in the event of certain fundamental transactions such as mergers and other business combinations, and may be exercised on a cashless basis for a lesser number of shares depending upon prevailing market prices at the time of exercise. The Warrants may be exercised until November 30, 2022.
Recent AIRI News
- Air Industries Group Reports Preliminary Fourth Quarter and Full-Year 2023 Financial Results and Initial 2024 Business Outlook • Business Wire • 04/01/2024 08:00:00 PM
- Air Industries Group To Preliminary Report Q4 and FY 2023 Results on April 1, 2024 and Schedules Earnings Conference Call • Business Wire • 03/27/2024 09:06:00 PM
- Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend] • Edgar (US Regulatory) • 02/05/2024 09:30:10 PM
- Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend] • Edgar (US Regulatory) • 02/05/2024 09:30:10 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/23/2024 02:00:29 PM
- Air Industries Group Receives Two Strategically Important New Contracts from New Customers • Business Wire • 01/23/2024 01:30:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/10/2024 09:09:51 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/10/2024 09:08:18 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/10/2024 09:06:53 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/03/2024 01:45:07 PM
- Air Industries Group Subsidiary Sterling Engineering Corporation Receives $3.2M in New Contracts • Business Wire • 01/03/2024 01:30:00 PM
- Form S-8 - Securities to be offered to employees in employee benefit plans • Edgar (US Regulatory) • 12/13/2023 09:29:22 PM
- Air Industries Group Announces Results for Third Quarter Ended September 30, 2023 and Comments on Business Outlook • Business Wire • 12/06/2023 09:30:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 12/06/2023 09:05:49 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/29/2023 09:50:08 PM
- Air Industries Group Receives Notice from NYSE American Regarding Late Filing of Quarterly Report on Form 10-Q • Business Wire • 11/29/2023 09:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/27/2023 08:00:10 PM
- Form NT 10-Q/A - Notification of inability to timely file Form 10-Q or 10-QSB: [Amend] • Edgar (US Regulatory) • 11/21/2023 09:30:10 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 11/15/2023 07:31:00 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 10/24/2023 09:34:23 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/19/2023 04:00:10 PM
- Air Industries Group Announces CFO Transition • Business Wire • 10/19/2023 12:30:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/04/2023 08:25:04 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/04/2023 08:24:26 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/04/2023 08:23:50 PM
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