Initial Filing of Schedule 13D by Charles Frischer
Charles Frischer has filed a Schedule 13D, reporting beneficial ownership of 449,998 shares of common stock in AIR INDUSTRIES GROUP, representing approximately 9.4% of the outstanding shares. The acquisition, totaling $1,461,479.75, was funded by personal resources. Frischer acquired these shares with the intention of making a profit and reserves the right to review his investment, engage in discussions with the issuer's management and board, and potentially take further actions. These actions could include seeking board representation, advocating for changes in management, or pursuing strategic transactions. The filing indicates no other person is known to have the right to receive or direct the sale of dividends or proceeds from these shares. Frischer has not been convicted of any crimes or been a party to civil proceedings that would restrict his activities under securities laws within the past five years.