Here are the 8-K filings from AEVEX Corp. (AVEX) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
An 8-K covers material events a company has to report between its quarterly reports, so if you follow AVEX and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full AVEX filings page.
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. 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 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 completed an underwritten public offering of 5,726,157 newly issued Class A common shares and 2,273,843 shares sold by existing stockholders at $27.00 per share. The company and selling stockholders also granted underwriters a 30-day option for up to 858,923 and 341,077 additional shares, respectively.
The transaction, conducted under an effective Form S-1 registration statement, closed with share delivery on June 5, 2026. An underwriting agreement with Goldman Sachs, BofA Securities and Jefferies includes customary representations, conditions and indemnification for securities law liabilities.
AEVEX Corp. delivered a sharp turnaround in First Quarter 2026, with total revenue of $216.7 million, up 307% from $53.3 million a year earlier. The company moved from a net loss of $27.3 million in Q1 2025 to net income of $21.0 million, a 9.7% net margin.
Adjusted EBITDA improved to $36.4 million from $(13.4) million, lifting Adjusted EBITDA margin to 16.8%. Tactical Systems led growth, with segment revenue of $190.8 million, up 547.8%, and Segment Adjusted EBITDA of $38.5 million.
Funded backlog was $356.6 million as of March 31, 2026, with 93.0% expected to convert to revenue during the remainder of 2026 and 73.9% tied to the U.S. Government. For full-year 2026, AEVEX guides to $600.0–$620.0 million of revenue and Adjusted EBITDA of $88.0–$94.5 million.
AEVEX Corp., through its operating company AEVEX Holdings, LLC, entered into a new credit agreement tied to its initial public offering. The agreement provides up to $375.0 million in senior secured credit facilities, including a $100.0 million term loan, a $75.0 million delayed draw term loan, and a $200.0 million revolving credit facility.
At closing, the company borrowed $100.0 million under the term loan. The facilities mature on April 20, 2031, carry SOFR- or base-rate interest with leverage-based margins, and include letter-of-credit and swing line sublimits. Term and delayed draw loans amortize annually from 2.50% to 10.00% of principal, starting in 2026. The new agreement is secured by substantially all borrower and certain subsidiary assets and replaces a prior 2020 credit agreement, which was fully repaid and terminated.
AEVEX Corp. completed its initial public offering of Class A common stock, issuing 16,000,000 firm shares plus 2,400,000 option shares at $20.00 per share. The underwriters fully exercised their 30‑day option, and the offering closed on April 20, 2026.
In connection with the IPO, AEVEX issued 63,297,524 shares of Class B common stock to ATS Investment Holdings, LLC in a private placement relying on Section 4(a)(2) and Rule 506. The company also appointed five new directors, adopted a 2026 omnibus incentive plan, entered indemnification agreements with directors and officers, and put amended and restated charter and bylaws into effect.