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Tenax Aerospace Acquisition and Air Industries Group announced a merger to combine Tenax's special mission aviation with Air's precision aerospace manufacturing. The merger will result in a company projected to have 2026 revenues exceeding $210 million and Adjusted EBITDA above $75 million.

Following the merger, Tenax shareholders will own approximately 95% of the combined entity, which will maintain its listing on NYSE American under the AIRI symbol. The transaction requires shareholder and regulatory approvals, with an expected closing before June 30, 2026. The combined company anticipates employing around 430 individuals.