# Air Industries Sets Conditional 1-for-5 Reverse Split for Nov. 20

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/54423
Published: 2026-11-11T20:28:28.000Z
Updated: 2026-11-11T20:28:28.000Z
Section: Business

> The change depends on approval of an authorized-share proposal at a Nov. 18 shareholder meeting.

Air Industries Group plans a 1-for-5 reverse stock split on Nov. 20 ahead of its planned merger with Tenax Aerospace Acquisition, LLC (Tenax), but the change depends on a shareholder vote.

The split is scheduled to take effect at 12:01 a.m. ET, with split-adjusted trading set to begin at market open. Implementation depends on stockholders approving a proposal to increase authorized common shares from 20 million to 200 million and the related charter amendment taking effect. The split would then reduce the authorized share count to 40 million.

At the Nov. 18 special meeting, shareholders are also scheduled to vote on issuing shares to Tenax holders under the merger agreement. Air Industries estimates its outstanding shares would fall from 4,856,181 to about 971,237 before any merger shares are issued, subject to holder-level rounding. No fractional shares will be issued; holders’ resulting share counts will be rounded up to the next whole share.

NYSE American’s initial listing standards after a reverse merger include a $4.00 minimum share price. AIRI was below that level when it announced the split. Air Industries said there was no assurance its share price would be above $4.00 when the merger takes effect. The shareholder vote on Nov. 18 is the next step for the proposed change.