Item 5. Market for Registrant’s Common Equity
ITEM
5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Market for Our Common Stock
Our
common stock is listed on the NYSE American under the symbol “AIRI.”
Holders
On April 11, 2024, there were 70 stockholders
of record of our common stock. The number of record holders does not include persons who held our Common Stock in nominee or “street
name” accounts through brokers.
Securities Authorized for Issuance
Under Equity Compensation Plans
The
following table summarizes shares of our Common Stock to be issued upon exercise of options and warrants, the weighted-average exercise
price of outstanding options and warrants and options available for future issuance pursuant to our equity compensation plans as of December
31, 2023:
Plan Category
Number
of
Securities to
Be Issued Upon
Exercise of
Outstanding
Options,
Warrants
and Rights
Weighted
Average
Exercise
Price Of
Outstanding
Options,
Warrants
and
Rights
Number
of
Remaining
Shares
Available for
Future
Securities
Issuance
Under
Equity
Compensation
Plans
Equity compensation
plans approved by security holders
461,870
$ 8.94
78,130
Equity compensation
plans not approved by security holders
None
0.00
None
Total
461,870
78,130
The provisions of
each of our equity compensation plans provide that shares covered by an award that is forfeited, expires or is settled in cash, and shares
that are retained by us upon exercise of an award to satisfy the exercise price of such award or withholding taxes due in respect of
such award, are available for future issuance under such plan provided the plan has not been terminated or expired. We anticipate that
a portion of the option awards that have been granted will expire or be forfeited without having been exercised and will increase the
number of shares remaining for issuance under our equity compensation plans.
Recent Sales of Unregistered Equity
Securities
Except as previously
reported in our periodic reports filed under the Exchange Act, we did not issue any unregistered equity securities during the fiscal
year ended December 31, 2023.
Purchases of Our Equity Securities
No repurchases of
our common stock were made during the fiscal year ended December 31, 2023.
ITEM 6. [RESERVED]
Not required.
20
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