Air T Inc.
11/12/2025 | Press release | Distributed by Public on 11/12/2025 16:29
Regulation FD Disclosure (Form 8-K)
Item 7.01 Regulation FD Disclosure
On November 11, 2025, Air T, Inc. ("Air T") issued a press release updating its involvement in the process to acquire Regional Express Holdings Limited ("Rex"), a regional airline in Australia. On November 11, 2025, the Commonwealth of Australia announced that a majority of Rex's creditors - both in number and in value - voted at the second meeting of creditors in favor of Air T's (and its indirect subsidiary's) bid to acquire Rex. Air T presently expects that court and other approvals for the proposed transaction will occur by calendar year end 2025.
The transaction provides for Air T's indirect subsidiary to acquire all of the outstanding capital stock of Rex and further information about the transaction will be provided following closing of the transaction which is current anticipated to occur shortly following court approval. The proposed transaction is subject to numerous conditions, including court approval and other terms and conditions and there is no assurance that the transaction will occur or occur on the timing or terms presently expected.
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