Business UpdateJun 8, 2026, 10:11 AM
AIR Global Highlights Key Financials Post-Nasdaq Listing
AI Summary
AIR Global PLC highlighted key operating and financial metrics following its recent Nasdaq listing. The company reported approximately 160.39 million ordinary shares outstanding, including 5 million shares subject to a Forward Purchase Agreement (FPA) and 8.69 million earnout shares that vest at specific price thresholds. As of June 5, 2026, the closing price was US$6.91 per share, below the FPA and earnout thresholds. AIR also disclosed a Net Debt of approximately US$268 million as of December 31, 2025, and provided details on cash flows related to its business combination with Cantor Equity Partners III, Inc.
Key Highlights
- Approximately 160.39 million ordinary shares are outstanding.
- Approximately 5 million shares are subject to a Forward Purchase Agreement (FPA).
- Approximately 8.69 million earnout shares vest upon achieving US$12.50 and US$15.00 share-price thresholds.
- The Nasdaq closing price on June 5, 2026, was US$6.91 per share.
- Net Debt as of December 31, 2025, was approximately US$268 million.
- If the FPA is fully executed, AIR could receive gross proceeds of approximately US$52.45 million.
- AIR received approximately US$2.3 million cash from the business combination with CAEP.
- Cash transaction costs for the business combination did not exceed US$55 million.
Price Impact
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