Company: AIRTP
Filing Date: 2025-08-15
Form Type: 424B5
Source: 0000353184-25-000099
Chunk: 10

Company: AIR T INC
Filing Date: 2025-08-15
Form: 424B5
Chunk 10
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| Distributions      |     | The Distributions payable on each Capital Security will be fixed at a rate per annum of 8% of the Liquidation Amount of $25.00 per Capital Security, will be cumulative, will accrue from the date of issuance of the Capital Securities, and will be payable quarterly in arrears on the 15th day of February, May, August and November of each year (subject to possible deferral as described below). Additionally, from time to time the Board of Air T may in its sole discretion may declare Distributions in addition to the Distributions equal to the 8.0% per annum Liquidation Amount of the Capital Securities. |

<div align='center'>S-2</div>

| Extension Periods                              
 Maturity                                       |     | So long as no Debenture event of default has occurred and is continuing, Air T will have the right, at any time on or after, June 7, 2024, to defer payments of interest on the Junior Subordinated Debentures by extending the interest payment period thereon for a period not exceeding 20 consecutive quarters with respect to each deferral period (each an “Extension Period”), provided that no Extension Period may extend beyond the Stated Maturity of the Junior Subordinated Debentures. If interest payments are so deferred, Distributions on the Capital Securities will also be deferred and Air T will not be permitted, subject to certain exceptions described herein, to declare or pay any cash distributions with respect to Air T’s capital stock or debt securities that rankpari passuwith or junior to the Junior Subordinated Debentures. During an Extension Period, Distributions will continue to accrue with income thereon compounded quarterly.                             
 The Junior Subordinated Debentures will mature on June 7, 2049, which date may be shortened (such date, as it may be shortened, the “Stated Maturity”) to a date not earlier than June 7, 2024.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
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| Redemption                                     |     | At any time on or after June 7, 2024, the Capital Securities are subject to mandatory redemption upon repayment of the Junior Subordinated Debentures at maturity or their earlier redemption in an amount equal to the amount of Junior Subordinated Debentures maturing on or being redeemed at a redemption price