Air T Inc., a Delaware corporation, has entered into a new financing agreement replacing its previous arrangements. As disclosed in recent filings, Air T Inc., along with its wholly-owned subsidiary AAM 24-1, LLC, has executed a Third Note Purchase Agreement with institutional investors. This agreement facilitates the issuance and sale of a Multiple Advance Senior Secured Note with an aggregate principal amount of up to $100 million. As of the closing date, the investors have advanced an additional $10 million, bringing the total amount funded to $40 million. The agreement allows for further advancements up to $60 million, contingent on the absence of default and other stipulated conditions. This new arrangement underscores Air T Inc.'s strategic financial planning and commitment to leveraging structured financing for corporate growth.