Air Industries Group Inc. has entered into a significant financial agreement with Webster Bank. As part of the Ninth Amendment to their Loan and Security Agreement, signed on September 10, 2025, Air Industries has committed to maintaining $3,930,000 from their At The Market Offering in an interest-bearing account at Webster Bank. This fund will act as security for the company's obligations under the existing agreement, indicating a strategic move to strengthen its financial stability. Further details of the agreement can be found in the company's latest report.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Air Industries Group Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-087386), on September 15, 2025, and is solely responsible for the information contained therein.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.