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Re: OGINVU post# 91534

Tuesday, 02/09/2021 10:34:13 AM

Tuesday, February 09, 2021 10:34:13 AM

Post# of 100913
AIRTW is for AIRTP, not AIRT per this news...

AIRTP is currently trading at $25.30. So for $29 (per your calculation) you can buy a $25.30 preferred share.

News story...

Air T, Inc. Announces Extension of Warrants (AIRTW) to purchase Alpha Income Preferred Securities (AIRTP) Through August 30, 2021

DENVER, NC / ACCESSWIRE / January 11, 2021 / Air T, Inc. (NASDAQ:AIRT) ("Air T") announced today that the Warrants ("Warrants") (NASDAQ:AIRTW) to purchase its Alpha Income Preferred (AIP) securities of Air T Funding (NASDAQ:AIRTP) have been extended through August 30, 2021. The Warrants were scheduled to expire on January 15, 2021.

Each Warrant is exercisable for one-tenth of a share of AIP for $2.40. Therefore, each ten (10) Warrants confer upon the holder the right to purchase one (1) full share of AIP for $24.00, representing a 4% discount to the stated value of $25.00 for one share.

The offering of AIP upon exercise of the Warrants is made only by means of a prospectus. Copies of the final prospectus relating to the offering, which is included in Air T's registration statement on Form S-1 (File Nos. 333-228485 and 333-228485-01), and the prospectus supplements dated June 9, 2020, September 2, 2020 and January 11, 2021, may be obtained for free by visiting EDGAR on the SEC's website at www.sec.gov.

Alternatively, copies of the prospectus and prospectus supplement may be obtained for free from Katrina Philp, Chief of Staff, Air T, Inc., telephone (612) 405-5896, email kphilp@airt.net.

About Air T, Inc.
Established in 1980, Air T Inc. is a portfolio of powerful businesses and financial assets, each of which is independent yet interrelated. Its core segments are overnight air cargo, aviation ground support equipment manufacturing, and commercial aircraft asset management and logistics. We seek to expand, strengthen and diversify Air T's after-tax cash flow per share. Our goal is to build Air T's core businesses, and when appropriate, to expand into adjacent and other industries. We seek to activate growth and overcome challenges while delivering meaningful value for all stakeholders. For more information, visit www.airt.net.

https://finance.yahoo.com/news/air-t-inc-announces-extension-213000321.html
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