Air Industries Group Increases Authorized Stock Shares

Air Industries Group has increased its authorized common stock shares from 6 million to 20 million and amended its bylaws to change the quorum requirement for shareholder meetings. The company's overall score reflects significant financial challenges, including high leverage and negative profitability. Spark, TipRanks' AI Analyst, rates AIRI as Neutral, highlighting the need for strategic improvements to enhance financial health and market perception.

Air Industries Group (NYSE American: AIRI) has recently taken significant steps to bolster its financial structure and operational efficiency. The company has increased its authorized common stock shares from 6 million to 20 million, as reported in a filing with the Secretary of State of Nevada [1]. This move was approved by shareholders at the company’s annual meeting on June 26.

In addition to the increase in authorized shares, the company’s board of directors has amended the quorum requirement in its bylaws. Effective Tuesday, July 1, 2025, the new quorum standard for shareholder meetings is set at 33.33% of outstanding common stock entitled to vote, either present in person or represented by proxy. Previously, a majority of outstanding shares was required to constitute a quorum.

These changes come amidst a backdrop of financial challenges for Air Industries Group. The company reported a decline in net sales for the first quarter of 2025, with revenues decreasing to $12.1 million from $14.1 million in the same period last year. Despite the drop in sales, the company improved its gross margin to 16.8% from 13.6% a year earlier. However, Air Industries Group reported a net loss of $988,000, or $0.27 per share, compared to a loss of $706,000, or $0.21 per share, in Q1 2024. The company’s adjusted EBITDA increased nearly 60% to $576,000 compared to the same period last year.

The company is focusing on expanding its presence in the electric vehicle and electric aircraft markets and plans to increase its content in the F-35 platform. Air Industries Group remains confident in surpassing 2024’s results despite potential challenges in the industry.

In other recent news, Air Industries Group shares were up 13% after the company announced a new contract worth $5.4 million for landing gear steering collar components for the U.S. Air Force's B-52 aircraft [2]. Deliveries of the components are expected to begin in late 2026 and continue through the third quarter of 2027.

Spark, TipRanks' AI Analyst, rates AIRI as Neutral, highlighting the need for strategic improvements to enhance financial health and market perception [3]. The company's high leverage and negative profitability indicate significant challenges that must be addressed to improve its financial standing.

References:
[1] https://www.investing.com/news/sec-filings/air-industries-group-increases-authorized-shares-and-amends-quorum-requirement-93CH-4129531
[2] https://www.marketwatch.com/story/air-industries-group-shares-rise-after-new-5-4-million-contract-497f8d42
[3] https://www.timothysykes.com/news/air-industries-group-airi-news-2025_07_10/