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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
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November 14, 2014
16:08 EDTAIRIAir Industries 'confident' about Q4, FY15
Peter Rettaliata, President of Air Industries, said, "We are confident that our results will improve in the fourth quarter and are also increasingly confident about 2015 due to increases in our backlog as a result of recent contract awards. Based upon near term projections predicated on orders in hand, we expect EBITDA to improve in the fourth quarter of this year, and this trend should continue next year."
16:07 EDTAIRIAir Industries reports Q3 EPS 5c, one estimate 9c
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