8-K/A - Air T, Inc. | StockGist

AI Analysis

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Air T, Inc. filed an 8-K/A on March 4, 2026, providing audited financial statements of Regional Express Holdings Limited for the year ended June 30, 2025, showing a net loss after tax of A$114,643 thousand and net liabilities of A$161,325 thousand, along with unaudited pro forma condensed combined financial statements reflecting the acquisition completed on December 18, 2025 for nominal consideration of $1. Deloitte & Touche Tohmatsu consented to incorporation by reference of their audit report in Air T's registration statements.

Key Takeaways

1Acquisition of Regional Express Holdings Limited completed December 18, 2025 for nominal $1 via Deed of Company Arrangement

2Rex FY2025 revenue A$305,187 thousand, loss after tax A$114,643 thousand from continuing operations A$91,720 thousand plus discontinued A$22,923 thousand

3Rex balance sheet as of June 30, 2025: total assets A$190,922 thousand, total liabilities A$352,247 thousand, net liabilities A$161,325 thousand

4Pro forma combined net loss attributable to Air T stockholders for year ended March 31, 2025: $82,781 thousand

5Assumed CFA Debt of $71.2 million face value, fair valued using DCF with 30-year term, interest-free unless default

6Rex entered voluntary administration July 30, 2024, exited December 18, 2025 post-DOCA; shares delisted September 11, 2025

Current Report Details

Event Type

Exhibits Only

Disclosure

Mandatory

Variant

8-K/A

Items Reported

9.01

is filed herewith as Exhibit 99.2 and is incorporated herein by reference c. Not applicable d. Exhibits Exhibit No. Description 23.1 Consent of Deloitte Touche

Exhibits Only

Transaction Details

Acquisition / Disposition

Exhibits (4)

23.1

EX-23.1

8-K/A

99.1

EX-99.1

99.2

EX-99.2