The Law Offices of Frank R. Cruz reminds investors of the upcoming October 20, 2026 deadline to participate as a lead plaintiff in the securities fraud class action lawsuit filed on behalf of investors who acquired Aevex Corp. (“Aevex” or the “Company”) (NYSE: AVEX) securities between April 14, 2026 and June 4, 2026, inclusive (the “Class Period”).
IF YOU ARE AN INVESTOR WHO LOST MONEY ON AEVEX CORP. (AVEX), CLICK HERE TO PARTICIPATE IN THE SECURITIES FRAUD LAWSUIT.
What Happened?
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, 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.
What Is The Lawsuit About?
The complaint filed in this class action alleges that between April 14, 2026 and June 4, 2026, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (i) Madison and certain Underwriter Defendants had a pre-arranged plan to prematurely abrogate Aevex’s 180-day lock up and allow for an SPO shortly after the IPO; (ii) as a result of the forgoing, Madison would dispose of a significant portion of its Aevex holdings in the SPO, and the entirety of the SPO’s net proceeds went to Madison, with Aevex earning zero from the SPO; (iii) as a result, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.
If you purchased or otherwise acquired Aevex Corp. securities between April 14, 2026 and June 4, 2026, the deadline to seek appointment as the lead plaintiff in the securities fraud class action is October 20, 2026.
Contact Us To Participate or Learn More:
If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact us:
Frank R. Cruz
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: twitter.com/FRC_LAW
If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.
To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260831706176/en/
Media gallery
