Aevex Corp. (NYSE: AVEX)

This lawsuit is for anyone who acquired securities in Aevex Corp. (NYSE: AVEX) from April 14, 2026 through June 4, 2026.

The lawsuit alleges that the Company and certain of its executives violated federal law. Specifically, the lawsuit alleges that, in the Prospectus to the Company’s IPO, and throughout the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the lawsuit alleges that the Company misled investors by telling investors that Madison Dearborn Partners, LLC, Aevex’s controlling private equity owner, was subject to a 180-day “lock-up” under which Madison could not sell certain shares except under “limited exceptions, when the Company had a secret agreement with Madison to waive the lock up provision.

On June 1, 2026, just 46 days after the Company filed its IPO’s prospectus, Aevex announced its intention to sell eight million additional shares of Class A common stock to the investing public via a Secondary Public Offering (“SPO”). On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume. Then, on June 5, 2026, the Aevex filed a final prospectus, which, together with the registration statement, formed the SPO Offering Documents. The SPO Offering Documents revealed at least two of the IPO’s underwriters had “agreed to waive . . . the lock-up restrictions” and allow for the sale of Madison’s Aevex holdings, thus revealing the existence of the Company’s previously undisclosed pre-arranged plan to waive Madison’s “lock-up” restrictions. Moreover, the SPO Offering Documents revealed that, of the 8 million Class A common stock sold in the SPO, approximately 2.2 million shares would be sold from Madison’s Class A holdings, while the remaining 5.7 million Class A shares sold in the offering would be newly issued shares, the proceeds of which Aevex would use to purchase an equivalent number of Madison’s other holdings in Aevex, including Madison’s Class B common stock and “LLC Units.” Thus, the SPO Offering Documents revealed the entirety of the SPO’s net proceeds—$207.9 million—went to Madison and Aevex earned zero from the SPO, while certain underwriters shared in over $8 million more in fees. On this news, the price of the Company’s stock again dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Aevex Corp. (NYSE: AVEX) from April 14, 2026 through June 4, 2026 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.