Here are the S-1 registration statements from AEVEX Corp. (AVEX) in our archive over the last 12 months, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
An S-1 covers the registration statement a company files to sell shares publicly, 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. is registering 8,000,000 shares of Class A common stock in a mixed primary and secondary offering. The company will sell 5,726,157 shares and selling securityholders will sell 2,273,843 shares. AEAVEX will use its net primary proceeds to buy Class B common stock and LLC Units of Athena Technology Solutions Holdings, LLC from existing equityholders.
The structure is an Up-C, where AEVEX is a holding company whose sole asset is LLC Units of Holdings LLC. A Tax Receivable Agreement obligates AEVEX to share 85% of certain tax benefits with TRA Rights Holders, which the company expects to be substantial and potentially material to liquidity. AEVEX is an emerging growth company and a controlled company, with Madison Dearborn Partners’ funds expected to hold about 70% of voting power after the offering.
The business focuses on unmanned systems and ISR solutions for U.S. defense and intelligence customers, with significant revenue concentration in U.S. Government agencies, exposure to Ukraine-related demand, and extensive risk disclosures around government budgets, supply chain constraints, AI use, cybersecurity, sanctions, tariffs and reliance on key personnel.