{"id":750828,"date":"2023-04-25T09:46:01","date_gmt":"2023-04-25T13:46:01","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/air-industries-group-receives-notice-from-nyse-american-regarding-late-filing-of-annual-report-on-form-10-k\/"},"modified":"2023-04-25T09:46:01","modified_gmt":"2023-04-25T13:46:01","slug":"air-industries-group-receives-notice-from-nyse-american-regarding-late-filing-of-annual-report-on-form-10-k","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/air-industries-group-receives-notice-from-nyse-american-regarding-late-filing-of-annual-report-on-form-10-k\/","title":{"rendered":"Air Industries Group Receives Notice from NYSE American Regarding Late Filing of Annual Report on Form 10-K"},"content":{"rendered":"

<\/p>\n

Air Industries Group Receives Notice from NYSE American Regarding Late Filing of Annual Report on Form 10-K <\/b><\/p>\n

BAY SHORE, N.Y.–(BUSINESS WIRE<\/a>)–Air Industries Group (NYSE American: AIRI)<\/b> (\u201cAir Industries\u201d or the \u201cCompany\u201d) announced that on April 18, 2023, the Company received a notice from NYSE Regulation stating that the Company is not in compliance with the continued listing standards of the NYSE American (the \u201cExchange\u201d) under the timely filing criteria set forth in Section 1007 of the NYSE American Company Guide (the \u201cCompany Guide\u201d). The non-compliance results from the Company\u2019s failure to timely file its Annual Report on Form 10-K for the year ended December 31, 2022 (the \u201cDelinquent Report\u201d) by the filing due date of April 17, 2023 (the \u201cFiling Delinquency\u201d).<\/p>\n

\nIn accordance with Section 1007 of the Company Guide, the Company will have six months from the date of the Filing Delinquency, or until October 17, 2023 (the \u201cInitial Cure Period\u201d), to file the Form 10-K with the SEC. If the Company fails to file the Form 10-K during the Initial Cure Period, the Exchange may, in its sole discretion, provide an additional six-month cure period (the \u201cAdditional Cure Period\u201d). The Company can regain compliance with the Exchange\u2019s continued listing standards at any time during the Initial Cure Period or Additional Cure Period, as applicable, by filing the Form 10-K and any subsequent delayed filings with the SEC.<\/p>\n

\nThe Company is seeking to file its Form 10-K as soon as practicable.<\/p>\n

\nDuring the Initial Cure Period and the Additional Cure Period, if applicable, the Company\u2019s securities will continue to trade on the Exchange, subject to the Company\u2019s compliance with other continued listing requirements, with a late filer (\u201c.LF\u201d) indicator.<\/p>\n

AIR INDUSTRIES GROUP is <\/b>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.<\/p>\n

Forward Looking Statements
\n
<\/b>Certain matters discussed in this press release are ‘forward-looking statements’ intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. In particular, the Company’s statements regarding trends in the marketplace, future revenues, earnings and Adjusted EBITDA, the ability to realize firm backlog and projected backlog, cost cutting measures, potential future results and acquisitions, are examples of such forward-looking statements. The forward-looking statements are subject to numerous risks and uncertainties, including, but not limited to, the timing of projects due to variability in size, scope and duration, the inherent discrepancy in actual results from estimates, projections and forecasts made by management, regulatory delays, changes in government funding and budgets, and other factors, including general economic conditions, not within the Company’s control. [Other important factors that may cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, the Company\u2019s ability to file its Form 10-K within the fifteen-day extension permitted by the rules of the U.S. Securities and Exchange Commission.] The factors discussed herein and expressed from time to time in the Company’s filings with the Securities and Exchange Commission could cause actual results and developments to be materially different from those expressed in or implied by such statements. The forward-looking statements are made only as of the date of this press release and the Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230425005347\/en\/<\/a><\/span><\/p>\n

Information<\/b><\/p>\n

\nAir Industries Group
\n
Investor Relations
\n
631.328.7078
\n
ir@airindustriesgroup.com<\/a><\/p>\n

KEYWORDS:<\/b> New York United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Aerospace Manufacturing Other Transport Air Transport Other Manufacturing Other Defense Steel Defense Contracts Engineering<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
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Air Industries Group Receives Notice from NYSE American Regarding Late Filing of Annual Report on Form 10-K BAY SHORE, N.Y.–(BUSINESS WIRE)–Air Industries Group (NYSE American: AIRI) (\u201cAir Industries\u201d or the \u201cCompany\u201d) announced that on April 18, 2023, the Company received a notice from NYSE Regulation stating that the Company is not in compliance with the continued listing standards of the NYSE American (the \u201cExchange\u201d) under the timely filing criteria set forth in Section 1007 of the NYSE American Company Guide (the \u201cCompany Guide\u201d). The non-compliance results from the Company\u2019s failure to timely file its Annual Report on Form 10-K for the year ended December 31, 2022 (the \u201cDelinquent Report\u201d) by the filing due date of April 17, 2023 (the \u201cFiling … <\/p>\n

Continue reading “Air Industries Group Receives Notice from NYSE American Regarding Late Filing of Annual Report on Form 10-K”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-750828","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nAir Industries Group Receives Notice from NYSE American Regarding Late Filing of Annual Report on Form 10-K - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/air-industries-group-receives-notice-from-nyse-american-regarding-late-filing-of-annual-report-on-form-10-k\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Air Industries Group Receives Notice from NYSE American Regarding Late Filing of Annual Report on Form 10-K - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Air Industries Group Receives Notice from NYSE American Regarding Late Filing of Annual Report on Form 10-K BAY SHORE, N.Y.–(BUSINESS WIRE)–Air Industries Group (NYSE American: AIRI) (\u201cAir Industries\u201d or the \u201cCompany\u201d) announced that on April 18, 2023, the Company received a notice from NYSE Regulation stating that the Company is not in compliance with the continued listing standards of the NYSE American (the \u201cExchange\u201d) under the timely filing criteria set forth in Section 1007 of the NYSE American Company Guide (the \u201cCompany Guide\u201d). 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