Air T INC Schedule 13D activist filings

An amended Schedule 13D filing reveals significant beneficial ownership changes and strategic intentions regarding Air T, Inc. common stock.

The Swenson Group and Air T, Inc. have increased their collective beneficial ownership in Bloomia Holdings, Inc. to 60.1% following a rights offering and debt-to-equity conversion.

Nicholas J. Swenson and affiliated entities have increased their beneficial ownership in Air T Inc. to 49.4%, signaling an intent to influence company policies and maximize shareholder value.

Lendway, Inc. has secured an additional $6.3 million in debt financing from Air T, Inc. and AO Partners I, L.P., increasing its total beneficial ownership by a group led by Nicholas J. Swenson to 39.6%.

Air T Inc. and the Swenson Group have increased their combined beneficial ownership in Lendway, Inc. to 39.5% and amended a delayed draw term note, raising the principal amount to $3.5 million.