New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
May 29, 2014
08:02 EDTAIRIAir Industries raises $10.5M in a registered direct offering
Air Industries announced that it has entered into definitive agreements with certain investors to sell an aggregate of 1,170,000 shares of its common stock in a registered direct offering for gross proceeds of approximately $10,530,000, before deducting placement agent fees and estimated offering expenses. The shares were sold at a price of $9.00 per share. Taglich Brothers, Inc. acted as exclusive placement agent for the offering. National Securities Corporation acted the qualified independent underwriter for the offering.
News For AIRI From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
March 5, 2015
14:21 EDTAIRIAir Industries confirms turbine maker purchase, names Sterling as target
In a regulatory filing, Air Industries stated that on February 27, it entered into an agreement and plan of merger with The Sterling Engineering Corporation and all of its stockholders. The agreement provides that Air Industries will acquire all of the outstanding shares of Sterling pursuant to a merger for 425,000 shares of its common stock and $1.925M in cash, subject to a working capital adjustment. It anticipates that the merger will be consummated early in March. Following the merger, the management and employees of Sterling will remain and Sterling will be operated as a separate subsidiary as part of the Air Industries group of companies.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use