Company: AIRTP
Filing Date: 2025-08-15
Form Type: 424B5
Source: 0000353184-25-000099
Chunk: 2

Company: AIR T INC
Filing Date: 2025-08-15
Form: 424B5
Chunk 2
---
ING STATEMENTS S-iii

PROSPECTUS SUPPLEMENT SUMMARY S-1

SUPPLEMENTAL RISK FACTORS S-5

PLAN OF DISTRIBUTION S-8

VALIDITY OF SECURITIES S-9

EXPERTS S-9

<div align='center'>Prospectus</div>

#### Page
| ABOUT THIS PROSPECTUS                                                           |     |  4 |
| ABOUT AIR T, INC. AND THE ISSUER TRUST                                          |     |  4 |
| RISK FACTORS                                                                    |     |  6 |
| CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS                       |     | 25 |
| WHERE YOU CAN FIND MORE INFORMATION                                             |     | 26 |
| INCORPORATION OF CERTAIN INFORMATION BY REFERENCE                               |     | 26 |
| USE OF PROCEEDS                                                                 |     | 27 |
| PLAN OF DISTRIBUTION                                                            |     | 27 |
| SECURITIES THAT MAY BE OFFERED                                                  |     | 28 |
| DESCRIPTION OF CAPITAL STOCK                                                    |     | 29 |
| DESCRIPTION OF WARRANTS                                                         |     | 32 |
| DESCRIPTION OF DEPOSITARY SHARES                                                |     | 34 |
| DESCRIPTION OF UNITS                                                            |     | 34 |
| DESCRIPTION OF DEBT SECURITIES                                                  |     | 35 |
| DESCRIPTION OF CAPITAL SECURITIES, JUNIOR SUBORDINATED DEBENTURES AND GUARANTEE |     | 37 |
| LEGAL MATTERS                                                                   |     | 57 |
| EXPERTS                                                                         |     | 57 |
| DISCLOSURE OF COMMISSION POSITION ON INDEMNIFICATION                            |     | 57 |

We have not, and the sales agent has not, authorized any dealer, salesperson or other person to give any information or to make any representation other than those contained in or incorporated by reference into this prospectus supplement, the accompanying prospectus or any applicable free writing prospectus. You must not rely upon any information or representation not contained in or incorporated by reference into this prospectus supplement, the accompanying prospectus or any applicable free writing prospectus as if we had authorized it. This prospectus supplement, the accompanying prospectus and any applicable free writing prospectus do not constitute an offer to sell or the solicitation of an offer to buy any securities other than the registered securities to which they relate, nor does this prospectus supplement, the accompanying prospectus or any applicable free writing prospectus constitute