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Tenax Rejects Air Industries’ Proposed Taglich Loan Amendment
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Tenax Rejects Air Industries’ Proposed Taglich Loan Amendment
  • Tenax refused consent to Air Industries Group's proposed AIR Subordinated Notes amendment with Michael Taglich and Robert Taglich.
  • The proposed amendment would extend the notes' maturity to May 1, 2027.
  • Failure to repay by November 30, 2026, would trigger higher principal amounts and interest rates, alongside lower AIR Convertible Notes conversion prices.
  • Tenax's consent remains pending for the Webster Loan amendment, which would extend maturity to April 30, 2027.
  • The Webster amendment carries a $50,000 fee payable on execution, with another $50,000 due at maturity.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Air Industries Group Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-118187), on November 12, 2026, and is solely responsible for the information contained therein.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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