Securities Fraud Investigation Into Aevex Corp. (AVEX) Announced – Shareholders Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz
Securities Fraud Investigation Into Aevex Corp. (AVEX) Announced – Shareholders Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz
LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of Aevex Corp. (“Aevex” or the “Company”) (NYSE: AVEX) on behalf of investors concerning the Company’s possible violations of federal securities laws.
IF YOU ARE AN INVESTOR WHO LOST MONEY ON AEVEX CORP. (AVEX), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING A CLAIM TO RECOVER YOUR LOSS.
What Is The Investigation About?
Aevex held its Initial Public Offering (“IPO”) on or about April 17, 2026. According to Aevex’s IPO offering documents, Madison Dearborn Partners, LLC (“Madison”), 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.”
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, shares of Aevex fell $6.17 or 15.98% to close at $32.44 on June 2, 2026, thereby injuring investors.
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, shares of Aevex fell $1.74 or 7.07%, to close at $22.87 on June 5, 2026, thereby injuring investors further.
Contact Us To Participate or Learn More:
If you purchased Aevex Corp. securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:
The Law Offices of Frank R. Cruz,
2121 Avenue of the Stars, Suite 800,
Century City, California 90067
Call us at: 310-914-5007
Email us at: info@frankcruzlaw.com
Visit our website at: www.frankcruzlaw.com.
Follow us for updates on Twitter at twitter.com/FRC_LAW.
If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Contacts
Contact Us:
The Law Offices of Frank R. Cruz, Los Angeles
Frank R. Cruz
310-914-5007
fcruz@frankcruzlaw.com
www.frankcruzlaw.com
