Air T is evaluating expansion in its Commercial Aircraft Engine and Parts segment and plans to deploy additional capital to support existing investees. The trust preferred securities framework and ATM program provide rapid access to funding while managing dilution and cost of capital, aligning with the company’s disciplined growth objectives. Air T filed a shelf registration under SEC 'baby shelf' provisions, enabling Form S-3 offerings of its Alpha Income Preferred Securities. Through its at-the-market facility and private placements, the company can opportunistically raise funds to support strategic initiatives while adhering to annual shelf limits designed for smaller public floats. For the quarter ended December 31, 2025, Air T reported revenues of $71.1 million, down 9% year-over-year, an operating loss of $3.8 million versus prior operating income of $1.4 million, and adjusted EBITDA of $0.2 million compared to $2.7 million. Earnings per share declined to $(0.91) from $(0.47), reflecting segment pressure.