AEVEX Corp. (AVEX) director returns Series B Units and Class B shares to issuer
Rhea-AI Filing Summary
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Series B Units | 104,722 | $0.00 | -- |
| Disposition | Class B Common Stock | 104,722 | $0.00 | -- |
Footnotes (1)
- The reported transactions represent a sale to the Issuer of securities received by the Reporting Person from ATS Investment Holdings, LLC in a pro rata distribution to its members for no consideration which was exempt from reporting pursuant to Rule 16a-9. Such distribution was affected by ATS Investment Holdings, LLC in connection with the secondary offering as described in the Issuer's Registration Statement on Form S-1 (Registration No. 333-296396). The Issuer purchased such Series B Units for $25.99 per unit (together with one share of Class B common stock of the Issuer for no additional consideration). Series B Units of Athena Technology Solutions Holdings, LLC are exchangeable (together with an equal number of shares of Class B common stock of the Issuer) for shares of Class A common stock of the Issuer on a one-for-one basis. Series B Units do not expire.