Taglich's need to address this and really act like they care about ANY shareholders' funds who invested in this company. Who would invest further into a company with a 10-K like this??? I cannot believe what I am reading.
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Risks Related to our common stock
The ownership of our common stock is highly concentrated, and your interests may conflict with the interests of our existing stockholders.
Two of our directors, Michael N. Taglich and Robert F. Taglich, and their affiliates own a significant number of shares of our outstanding common stock, which together with their position as directors of our company, give them significant influence over the outcome of corporate actions requiring stockholder approval and the terms on which we complete transactions with their affiliates. The interests of these directors may be different from the interests of other stockholders on these matters. This concentration of ownership could also have the effect of delaying or preventing a change in our control or otherwise discouraging a potential acquirer from attempting to obtain control of us, which in turn could reduce the price of our common stock.
We can provide no assurance that our common stock will continue to meet NYSE American listing requirements. If we fail to comply with the continuing listing standards of the NYSE American, our common stock could be delisted.
If we fail to satisfy the continued listing requirements of the NYSE American, the NYSE American may take steps to delist our common stock. The delisting of our common stock would likely have a negative effect on the price of our common stock and would impair your ability to sell or purchase common stock when you wish to do so.
There is only a limited public market for our common stock.
Our common stock is listed on the NYSE American. However, trading volume has been limited and a more active public market for our common stock may not develop or be sustained over time. The lack of a robust market may impair a stockholder’s ability to sell shares of our common stock. In the absence of a more active trading market, any attempt to sell a substantial number of our shares could result in a decrease in the price of our stock. Specifically, you may not be able to resell your shares of common stock at or above the price you paid for such shares or at all.
Moreover, sales of our common stock in the public market, or the perception that such sales could occur, could negatively impact the price of our common stock. As a result, you may not be able to sell your shares of our common stock in short time periods, or possibly at all, and the price per share of our common stock may fluctuate significantly.
If we fail to meet the expectations of securities analysts or investors, our stock price could decline significantly.
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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