AIR T INC (AIRT) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: November 12, 2025

Risk Assessment Details

Potential Dilution: 55.63% of current shares
Recent Dilution: 0% (2 years)
Historical Dilution Factor: minimal recent dilution
Outstanding Shares
2.7M
Potential Supply
1.5M
Additional shares possible
Splits
None
Past 2 years

Summary

AIRT currently has 2.7M outstanding shares. with significant dilution risk as 1.5M authorized shares could dilute existing holders by 55.6%. The company has not diluted shareholders through share issuances in the past 2 years, which is positive for existing holders.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Nov 12, 2025

10-Q filing | 2.7M shares outstanding

2.7M 1.5M
Aug 13, 2025

10-Q filing | 2.7M shares outstanding

2.7M 1.5M
Jun 27, 2025

10-K filing | 2.8M shares outstanding

2.8M 1.5M
Feb 12, 2025

10-Q filing | 2.8M shares outstanding

2.8M 1.5M
Nov 25, 2024

RW filing: The Company is seeking withdrawal of the Registration Statement as it does not intend to pursue the contemplated offering of the securities covered by the Registration Statement at this time.

2.8M 1.4M
Nov 12, 2024

10-Q filing | 2.8M shares outstanding

2.8M 1.4M
Aug 14, 2024

10-Q filing | 2.8M shares outstanding

2.8M 1.4M
Jun 26, 2024

10-K filing | 2.8M shares outstanding

2.8M 1.4M
May 10, 2024

S-3/A filing: This S-3/A filing registers the offer and sale from time to time of up to 496,763 shares of Alpha Income Trust Preferred Securities by the Selling Securityholders.

2.8M 1.4M
Mar 12, 2024

S-3 filing: An S-3 filing was submitted on 2024-03-12 for a shelf offering of up to 496,763 Capital Securities (preferred stock) by selling securityholders.

2.8M 1.4M
Mar 12, 2024

S-3 filing: This S-3 filing registers an indeterminate number of common stock, preferred stock, debt securities, warrants, depository shares, units and trust preferred securities with a maximum aggregate offering price of $25,000,000.

2.8M 1.4M
Feb 12, 2024

10-Q filing | 2.8M shares outstanding

2.8M 1.4M
Nov 29, 2023

8-K filing: Air T Funding entered into a Securities Purchase Agreement to sell Alpha Income Trust Preferred Securities to Swenson Groveland Farms, LLC and GTS Holdings, LLC for an aggregate amount of $4,000,000. ($4.0M proceeds)

2.8M 1.4M
Nov 14, 2023

10-Q filing | 2.8M shares outstanding

2.8M 1.4M
Oct 17, 2023

RW filing: The Company is seeking withdrawal of the Registration Statement as it does not intend to pursue the contemplated offering of the securities covered by the Registration Statement at this time.

2.8M 1.4M
Aug 23, 2023

S-1 filing: Air T, Inc. is conducting an exchange offer to acquire Shares of its common stock to provide value to its stockholders. As of June 30, 2023, the company had 2,817,754 shares of common stock outstanding and is offering to acquire 138,000 shares.

2.8M 1.5M
Aug 11, 2023

10-Q filing | 2.8M shares outstanding

2.8M 1.4M
Jun 27, 2023

10-K filing | 2.8M shares outstanding

2.8M 1.4M
Mar 28, 2023

8-K filing: Air T, Inc. announced an exchange offer for up to 138,000 shares of its common stock in exchange for Air T Funding's Alpha Income Trust Preferred Securities, with the exchange offer expected to commence the week of April 3, 2023, and expire on July 6, 2023.

2.8M 1.4M
Feb 10, 2023

10-Q filing | 2.8M shares outstanding

2.8M 1.4M
Nov 10, 2022

10-Q filing | 2.9M shares outstanding

2.9M 1.3M
Aug 12, 2022

10-Q filing | 2.9M shares outstanding

2.9M 1.3M
Jun 28, 2022

10-K filing | 2.9M shares outstanding

2.9M 1.3M
Feb 14, 2022

10-Q filing | 2.9M shares outstanding

2.9M 1.3M
Nov 12, 2021

10-Q filing | 2.9M shares outstanding

2.9M 1.3M
Aug 12, 2021

10-Q filing | 2.9M shares outstanding

2.9M 1.3M
Jun 25, 2021

10-K filing | 2.9M shares outstanding

2.9M 1.3M
Mar 11, 2021

S-3 filing: Air T, Inc. is filing an S-3 to offer Common Stock, Preferred Stock, Warrants, Depositary Shares, Units and Debt Securities for a total amount of $15,000,000; selling securityholders may also offer 1,324,546 shares of Common Stock, 242,825 Capital Securities, and 808,469 Capital Securities Warrants.

1.1M 3.1M
Nov 12, 2020

10-Q filing | 2.9M shares outstanding

2.9M 0
Aug 14, 2020

10-Q filing | 2.9M shares outstanding

2.9M 0
Jun 26, 2020

10-K filing | 2.8M shares outstanding

2.8M 0
Feb 13, 2020

10-Q filing | 3.0M shares outstanding

3M 0
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