Air T plans up to $8 million at-the-market stock offering - AIRT News | RalliesAir T plans up to $8 million at-the-market stock offering
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AIRT• Air T sets up at-the-market stock offering
- Air T set up an at-the-market stock offering program that can raise up to $8 million over time.
- Ascendiant Capital Markets will act as sales agent, using commercially reasonable efforts to place shares into the market when instructed.
- The company has flexibility to pace issuance or pause sales entirely, with shares sold on Nasdaq or in approved private transactions.
- The placement fee is set at 3% of gross proceeds on shares sold through the agent.
- Sales will run under the existing Form S-3 shelf, with capacity managed alongside Air T Funding’s separate at-the-market program.
