AIR Global PLC

AIR Global PLC announced a strategic equity investment of USD $20 million in Greentank Innovations Corp., a leader in vaporization hardware. This investment, made through preferred shares, values Greentank at approximately USD $170 million pre-money. AIR also secured a warrant to potentially increase its stake by another 20% at a USD $250 million valuation, gaining a board nomination right and enhanced commercial terms. Additionally, AIR shared preliminary pilot study results for its Crown Switch electronic vape, powered by Greentank's technology, indicating significantly lower levels of certain harmful chemicals compared to other products.

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.

AIR Global PLC announced that its ordinary shares have commenced trading on the Nasdaq Stock Market under the ticker symbol "AIIR". This marks a pivotal moment for the company, which is a global leader in flavored shisha molasses and advanced inhalation technologies. The company highlighted strategic growth initiatives, including a new manufacturing facility in Romania, the acquisition of NameLess brand rights, the launch of Crown Switch vape system, and a collaboration with Snoop Dogg. The flavored molasses market is estimated at $15-19 billion, with a projected CAGR of 4-6% from 2025-2030.