Applied Aerospace & Defense, Inc. completed its initial public offering of 32,500,000 shares of common stock at $20.00 per share under an underwriting agreement with major investment banks. The underwriters also received a 30-day option to buy up to 4,875,000 additional shares.
In connection with the IPO, the company put key governance and compensation structures in place, including new indemnification agreements for directors and officers, a 2026 Omnibus Incentive Plan, and a 2026 Employee Stock Purchase Plan. It also adopted a second amended and restated certificate of incorporation and amended and restated bylaws.
Applied Aerospace & Defense, Inc. is offering 32,500,000 shares of common stock in an initial public offering at $20.00 per share. The offering size implies gross proceeds of $650,000,000 and net proceeds to the company of $614,250,000 before expenses, assuming no exercise of the underwriters’ option.
Immediately after this offering, affiliates of Greenbriar Equity Group, L.P. will beneficially own approximately 81.0% of the company (or 78.7% if the underwriters’ 30-day option to purchase up to 4,875,000 additional shares is exercised in full), making the company a controlled company under NYSE rules. The company qualifies as an emerging growth company and intends to list on the New York Stock Exchange under the symbol AADX. The underwriters expect to deliver shares on or about June 4, 2026.
Applied Aerospace & Defense, Inc. filed an initial ownership report on Form 3 for Morris Jack, who is identified as a director of the company. The filing does not list any transactions or current holdings, so it functions as a baseline disclosure of his status as an insider.
Applied Aerospace & Defense, Inc. reported that Noah Blitzer has become a director and filed an initial ownership report on Form 3. The filing does not list any equity holdings or report any stock transactions, so it simply establishes his status as an insider for future filings.
Applied Aerospace & Defense, Inc. executive Kasiguran Kai W, the company’s Chief Accounting Officer, has filed an initial statement of beneficial ownership on Form 3. This filing lists the reporting relationship but shows no reported purchases, sales, option exercises, gifts, or other equity transactions.
AA&D Holdings, LP filed an initial ownership report for Applied Aerospace & Defense, Inc.. The filing shows AA&D Holdings directly holds 138,243,518 shares of common stock, making it a significant, more than ten percent owner of the company.
AA&D Holdings is a Delaware limited partnership managed by affiliates of Greenbriar Equity Group. Voting and dispositive power over these shares is exercised by a board of managers, which includes director Noah Roy. The affiliated entities disclaim beneficial ownership of the securities except to the extent of their pecuniary interest.
Applied Aerospace & Defense, Inc. filed an insider ownership report for its Chief Financial Officer, Jeffrey L. McRae. The Form 3 data show no reported purchases, sales, gifts, or derivative exercises, with all buy, sell, and exercise share counts at zero, indicating an administrative disclosure of his insider status rather than a trading event.
Applied Aerospace & Defense, Inc. executive Kevin Bidlack, the company’s Chief Operating Officer, has filed an initial Form 3 as a reporting insider of AADX. The filing does not report any share purchases, sales, option exercises, or other transactions, and serves mainly to register his insider status with regulators.
Applied Aerospace & Defense, Inc. director Roy Noah has filed an initial Form 3, which is the first beneficial ownership report for insiders. The data provided shows no reported purchases, sales, gifts, or other share transactions in this filing.
Applied Aerospace & Defense, Inc. director and Chief Executive Officer Ferguson James William III has filed an initial ownership report as a reporting insider. This Form 3-style disclosure lists him as both a director and officer but does not report any stock transactions or holdings in the summarized data.