Article

Tenax Aerospace Acquisition and Air Industries Group have signed a merger agreement to combine their businesses, forming a larger aerospace company. The merger will create a diversified firm focused on special mission aviation and precision aerospace manufacturing, expected to generate revenues of over $210 million in 2026.

Post-merger, Tenax shareholders will own approximately 95% of the new entity, which will continue to be listed on NYSE American under the symbol AIRI. The merger is expected to close before June 30, 2026, subject to shareholder and regulatory approvals.