Air Industries Group (AIRI) announced on November 10, 2026, that its board of directors has approved a 1-for-5 reverse stock split of its issued and outstanding common stock. The split is scheduled to become effective at 12:01 a.m. Eastern Time on November 20, 2026. Following the split, the company’s common stock will begin trading on a split-adjusted basis when the market opens on that date.
The company stated that the reverse stock split is necessary to meet the continued listing requirements of the NYSE American. Under Section 101 of the NYSE American Company Guide, listed issuers must maintain a minimum share price of $4.00 per share. As of July 2, 2026, the trading price of AIRI’s common stock was below this threshold. The company anticipates that the trading price will remain below $4.00 prior to the closing of its previously announced merger with Tenax Aerospace Acquisition, LLC, meaning the combined entity would fail to meet the initial listing standards without the reverse split.
Under the terms of the split, each five pre-split shares of common stock will automatically combine into one new share. The number of outstanding shares will be reduced from 4,856,181 to approximately 971,237 shares. The company noted that no fractional shares will be issued; shareholders who would otherwise receive a fractional share will have their share count rounded up to the nearest whole share.
The reverse stock split will be effected by filing a certificate of change with the Nevada Secretary of State. The company’s board of directors has the authority to implement the split without shareholder approval, provided the number of authorized shares is proportionally reduced. The trading symbol “AIRI” will remain unchanged, and the new CUSIP number for the stock following the split is 00912N 502.
