AIRI·July 9, 2026·activist
Air Industries Group Amends Merger Terms With Tenax Aerospace, Eliminates Post-Closing Tender Offer
Air Industries Group filed an amended merger agreement with Tenax Aerospace on July 2, 2026, revising the deal structure to remove a planned post-closing tender offer and adjusting the share issuance terms. The transaction, which would result in Tenax members owning approximately 96% of the combined company, remains subject to stockholder approval and other closing conditions.