Paul J. Glazer Discloses 6.06% Stake in AvidXchange (AVDX)

Rhea-AI Filing Summary

Glazer Capital, LLC and its managing member Paul J. Glazer filed a Schedule 13G reporting shared beneficial ownership of 12,577,251 shares of AvidXchange Holdings, Inc. common stock, representing 6.06% of the class as of the filing event dated 10/03/2025. The filing states the shares are held by Glazer-managed funds and accounts and that the Reporting Persons have shared voting and dispositive power over those shares but no sole voting or dispositive power. The statement certifies that the holdings were not acquired to change or influence control of the issuer. Signatures from Mr. Glazer appear with a signature date of 10/10/2025.

Positive

• Material passive stake: 12,577,251 shares equals 6.06% of the class, triggering public disclosure
• CLEAR REPORTING ENTITY: Both the manager (Glazer Capital, LLC) and individual (Paul J. Glazer) are identified with addresses and citizenship

Negative

• No sole control: Reporting Persons state 0 shares of sole voting or dispositive power, indicating limited unilateral influence
• Potential for change: A >5% position may require conversion to Schedule 13D if acquisition purpose or control intentions change

Insights

Institutional Ownership Analyst

Institutional stake exceeds the 5% disclosure threshold and signals a meaningful passive position.

The filing shows 12,577,251 shares, equal to 6.06% of AvidXchange's common stock, held in funds managed by Glazer Capital with shared voting and dispositive power. That position meets the materiality threshold that requires Schedule 13G disclosure and indicates the holder is a significant passive investor rather than an activist.

Key dependencies include the funds' continued holdings and any future amendments if the position changes; watch for any future filings that convert to Schedule 13D or report changes in voting power within weeks to months.

Securities Compliance Specialist

Filing aligns with Section 13 reporting rules and includes the required certification language.

The statement is filed under Schedule 13G conventions and includes the certification that the shares were not acquired to change or influence control, consistent with a passive investor filing. It discloses the business address, citizenship, and the dual reporting by both the manager entity and individual manager.

Investors should monitor any amendments for changes in ownership percentage or conversion to active status; the signature date is 10/10/2025, which completes the procedural requirements.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

AvidXchange Holdings, Inc.

(Name of Issuer)

Common Stock, $0.001 par value per share

(Title of Class of Securities)

05368X102

(CUSIP Number)

10/03/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 05368X102

1

Names of Reporting Persons

Glazer Capital, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 12,577,251.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 12,577,251.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

12,577,251.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.06 %

12

Type of Reporting Person (See Instructions)

IA, OO

SCHEDULE 13G

CUSIP No. 05368X102

1

Names of Reporting Persons

Paul J. Glazer

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 12,577,251.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 12,577,251.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

12,577,251.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.06 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: AvidXchange Holdings, Inc.
(b)	Address of issuer's principal executive offices: 1210 AvidXchange Lane, Charlotte, North Carolina 28206
Item 2.
(a)	Name of person filing: This statement is filed by: (i) Glazer Capital, LLC, a Delaware limited liability company ("Glazer Capital"), with respect to the shares of Common Stock (as defined in Item 2(d)) held by certain funds and managed accounts to which Glazer Capital serves as investment manager (collectively, the "Glazer Funds"); and (ii) Mr. Paul J. Glazer ("Mr. Glazer"), who serves as the Managing Member of Glazer Capital, with respect to the shares of Common Stock held by the Glazer Funds. The foregoing persons are hereinafter sometimes collectively referred to as the "Reporting Persons." The filing of this statement should not be construed as an admission that any of the Reporting Persons is, for the purposes of Section 13 of the Act, the beneficial owner of the shares of Common Stock (as defined in Item 2(d)) reported herein.
(b)	Address or principal business office or, if none, residence: The address of the business office of each of the Reporting Persons is 250 West 55th Street, Suite 30A, New York, New York 10019.
(c)	Citizenship: Glazer Capital is a Delaware limited liability company. Mr. Glazer is a United States citizen.
(d)	Title of class of securities: Common Stock, $0.001 par value per share
(e)	CUSIP No.: 05368X102
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 12,577,251
(b)	Percent of class: 6.06%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 12,577,251
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 12,577,251
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. See Item 2.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Glazer Capital, LLC

Signature:	Paul J. Glazer
Name/Title:	Paul J. Glazer, Managing Member
Date:	10/10/2025

Paul J. Glazer

Signature:	Paul J. Glazer
Name/Title:	Paul J. Glazer
Date:	10/10/2025

FAQ

What stake in AVDX does Glazer Capital report?

Glazer Capital and Paul J. Glazer report beneficial ownership of 12,577,251 shares, representing 6.06% of AvidXchange common stock.

Does Glazer Capital have sole voting control over the AVDX shares?

No. The filing reports 0 shares of sole voting power and 12,577,251 shares of shared voting power.

Is this a Schedule 13G or 13D filing for AVDX?

This is a Schedule 13G filing, which is typically used by passive investors who do not intend to change or influence control.

What certification do the reporting persons make?

They certify the shares were not acquired to change or influence control and are not held in connection with any transaction having that purpose.

When were the signatures dated on the AVDX filing?

Signatures by Paul J. Glazer are dated 10/10/2025.