Welcome to our dedicated page for AEVEX SEC filings (Ticker: AVEX), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
AEVEX Corp. filings document the company's public-company structure, material agreements, capital structure, governance matters, shareholder voting items, operating and financial results, and NYSE-listed Class A common stock. Its 8-K disclosures include material-event reporting tied to financing arrangements and agreements entered into by AEVEX operating entities.
The filing record also identifies securities registered under Section 12(b) of the Exchange Act and describes disclosure categories relevant to a defense technology issuer, including corporate governance, financing facilities, risk-related matters, and reported business operations for autonomous systems, mission software, ISR, and electronic warfare activities.
AEVEX Corp. (AVEX) is reported to have a significant shareholder group led by Black Sea Technologies LLC, which directly holds 12,727,273 shares of Class A common stock. Razor's Edge Fund III, LP, Razor's Edge Fund III-A, LP and Razor's Edge Ventures III, LLC share voting and investment authority over these shares through their controlling interests in Black Sea.
This position represents 18.4% of AEVEX Corp.’s Class A common stock, based on 56,470,333 shares outstanding as of August 12, 2026 plus 12,727,273 shares issued to Black Sea on September 8, 2026. All reporting entities are organized in Delaware and report shared voting and dispositive power over the same 12,727,273 shares.
AEVEX Corp. (AVEX) reported that entities affiliated with Razor's Edge hold a significant stake in its Class A Common Stock. As of September 8, 2026, Black Sea Technologies LLC held 12,727,273 shares indirectly for these affiliated investment funds, which are identified as ten percent owners.
The Razor's Edge funds and their general partner may be deemed to beneficially own the shares held by Black Sea, but each disclaims beneficial ownership except to the extent of its pecuniary interest.
AEVEX Corp. (AVEX) completed its previously announced acquisition of Maritime Applied Physics, LLC (BlackSea Technologies) on September 8, 2026 under a reorganization agreement valued at a total enterprise value of $600,000,000, subject to customary adjustments. At closing, the seller received 12,727,273 Class A shares valued at $350,000,000 plus cash, with up to $5,000,000 held in an adjustment escrow for post-closing working capital and other true-ups.
The seller may earn up to an additional $50,000,000 in contingent consideration in AEVEX stock if, by December 31, 2027, AEVEX’s 30-trading-day VWAP reaches at least $28.00 and BlackSea meets specified revenue and gross profit targets on U.S. government autonomous vessel contracts. Total shares issued in the transaction are capped so that all stock consideration does not exceed 19.99% of AEVEX’s outstanding capital stock.
BlackSea becomes AEVEX’s Maritime Systems division, led by former BlackSea CEO Bob Pudney. The companies highlight BlackSea’s delivery of 350+ unmanned surface vessels, 25,000+ operational hours, and ~40 USVs per month production capacity, combined with AEVEX’s more than 10,000 systems delivered and committed through 2026 and 114% year-over-year production volume growth in Q2, positioning the combined business as a multi-domain autonomous systems provider across air, surface, and subsea domains.
AEVEX Corp. received a Schedule 13G from Madison Dearborn Capital Partners VII-B, VII Executive-B, VII-C and Madison Dearborn Partners LLC, which together report beneficial ownership of 80,423,676 shares of Class A common stock. This represents 49.5% of the Class A common stock on an as-converted basis.
The position includes 57,564,830 shares of Class A common stock issuable upon conversion of Series B Units of Athena Technology Solutions Holdings, LLC, together with an equal number of Class B common shares. The calculation uses 56,470,333 Class A shares outstanding as of August 12, 2026, plus the as-converted shares. Shares are directly held through ATS PubCo Holdings, L.P., ATS Management Holdings, LLC, and ATS Investment Holdings, LLC, which are controlled by the Madison Dearborn funds. The reporting persons may be deemed to beneficially own these securities but expressly disclaim beneficial ownership under the Exchange Act.
Fidelity National Financial, Inc. (FNF), a Nevada corporation, reports beneficial ownership of 5,937,500 shares of Aevex Corp. Class A Common Stock, held through its wholly owned subsidiary National Alliance Group, LLC. FNF has sole voting and dispositive power over all of these shares and no shared power.
These Class A shares represent 5.2% of the total combined voting power of Aevex’s outstanding Class A and Class B Common Stock. As of August 12, 2026, Aevex had 56,470,333 Class A shares and 57,571,367 Class B shares outstanding, for a combined total of 114,041,700 voting shares. FNF does not own any Class B shares.
AEVEX Corp. entered into an Agreement and Plan of Reorganization to acquire Maritime Applied Physics Corporation / BlackSea Technologies through a two-step merger structure, valuing the target at an enterprise value of $600,000,000, subject to customary net working capital, cash, debt and transaction expense adjustments.
At closing, the seller will receive 12,727,273 AEVEX Class A shares deemed worth $350,000,000 plus cash equal to the adjusted merger consideration minus a $5,000,000 adjustment escrow and the stock value, with total consideration structured so that equity does not exceed 19.99% of AEVEX’s outstanding stock. The seller may earn up to an additional $50,000,000 in contingent stock consideration if AEVEX’s 30‑day volume weighted average price reaches $28.00 per share and specified revenue and gross profit thresholds are met by year‑end 2027 under defined U.S. government contracts. AEVEX plans to fund the cash portion with cash on hand and existing credit facilities, and closing is subject to antitrust clearance, NYSE listing approval, completion of a pre‑closing restructuring and other customary conditions.
AEVEX Corp. reported strong growth and a shift to profitability for the six months ended June 30, 2026. Total revenue was $418.5 million, up from $154.4 million a year earlier, driven mainly by product revenue. Net income attributable to AEVEX Corp. was $23.3 million versus a prior-year loss of $39.2 million, despite a negative $2.1 million revenue impact from contract estimate changes.
Cash and cash equivalents increased to $215.2 million from $27.9 million at December 31, 2025, primarily from the IPO and a secondary offering. Operating cash flow was positive at $8.6 million compared with negative $27.9 million in the prior-year period. AEVEX refinanced its prior credit facilities with a new $100.0 million term loan and an undrawn $200.0 million revolving credit facility, reducing term debt from $259.1 million.
The company now operates with a dual-class share and “Up‑C” structure. AEVEX holds 49.5% of Holdings LLC, while ATS Investment Holdings owns 50.5% through Series B units recorded as $1.20 billion in redeemable noncontrolling interests, contributing to a stockholders’ deficit of $533.7 million. Results are heavily tied to the U.S. Government, which represented 86% of six‑month revenue.
AEVEX Corp. reported very strong results for the quarter ended June 30, 2026, with total revenue of $201.8 million, up 99.5% from $101.1 million a year earlier, driven almost entirely by UAS products and services in the Tactical Systems segment, including $72.2 million from the EUCOM AOR Deep Strike program. The company moved from a net loss of $11.8 million to net income of $6.7 million, a 3.3% margin, as products and services gross profit rose and R&D spending declined.
Adjusted EBITDA increased to $28.1 million (13.9% margin) from $3.6 million (3.6% margin), led by Tactical Systems Adjusted EBITDA of $29.6 million. Global Solutions revenue declined 5.0% to $27.6 million, but its Adjusted EBITDA nearly doubled to $3.9 million. AEVAEX announced a definitive agreement to acquire BlackSea Technologies to expand its multi-domain autonomous systems portfolio and expects full‑year 2026 revenue of $700.0–$720.0 million and Adjusted EBITDA of $105.0–$111.5 million, excluding BlackSea. Cash and cash equivalents rose to $215.2 million while long‑term debt fell to $96.6 million, though funded backlog declined to $259.8 million from $503.1 million, with 95.1% expected to convert to revenue over the next 12 months.
AEVEX Corp. director Brian Raduenz reported disposing of his entire position related to certain equity securities back to the company. He returned 104,722 shares of Class B common stock and 104,722 Series B Units to the issuer in transactions coded as dispositions to the issuer at a stated price of $0.00 per security.
According to the footnotes, these securities had been received from ATS Investment Holdings, LLC in a pro rata distribution for no consideration in connection with a secondary offering. The issuer purchased the Series B Units at $25.99 per unit, together with one share of Class B common stock for no additional consideration. Each Series B Unit of Athena Technology Solutions Holdings, LLC was exchangeable, together with an equal number of Class B shares, into Class A common stock on a one-for-one basis and did not expire. Following these transactions, the filing shows Raduenz with zero reported holdings in these securities.
AEVEX Corp. insider filing shows IPO-related sales and restructurings by Madison Dearborn–controlled entities. ATS PubCo Holdings, L.P. and ATS PubCo Seller Holdings, LLC sold 2,273,843 Class A shares at a net offering price of $25.99 per share to the underwriters, while ATS PubCo Holdings also distributed 2,611 Class A shares pro rata to its limited partners for no consideration.
Separately, ATS Investment Holdings, LLC distributed 5,732,694 Class B shares and corresponding Series B Units pro rata to its members and the Madison Dearborn funds then sold 4,757,448 Series B Units, together with corresponding Class B shares, to AEVEX at a net offering price of $25.99 per unit. After these steps, ATS PubCo Holdings holds 22,694,184 Class A shares and ATS Management Holdings, LLC holds 164,662 Class A shares, while ATS Investment Holdings holds 57,153,106 Class B shares and Series B Units and ATS Management Holdings holds 411,724 Class B shares and Series B Units, all controlled by Madison Dearborn funds.