BAY SHORE, N.Y., April 24 — Air Industries Group (NYSE American: AIRI), an integrated Tier 1 manufacturer of precision assemblies and components for mission-critical aerospace and defense applications, and a prime contractor to the U.S. Department of Defense, today advised that its Financial Statements included in its Annual Report on Form 10-K for the year ended December 31, 2025, contained an audit report from its Independent Registered Public Accounting Firm with an explanatory paragraph emphasizing that the Consolidated Financial Statements were prepared assuming that the Company will continue as a going concern. Release of this information is required by Section 610(b) of the NYSE American Company Guide and does not reflect any change or amendment to any of the Company’s filings for the fiscal year ended December 31, 2025.
As previously announced on February 17, 2026, the Company entered into a merger agreement with Tenax Aerospace Acquisition, LLC. Pursuant to the merger agreement, all of the Company’s existing indebtedness is to be paid upon closing of the transaction. Details of the merger can be found in the Company’s Report on Form 8-K filed on February 17, 2026.
