Investment entities affiliated with Razor's Edge report shared control over 12.7 million AEVEX Corp. shares, representing 18.4% of the Class A common stock.
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.
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Key Figures
Shares beneficially owned:12,727,273 sharesOwnership percentage:18.4%Shares outstanding baseline:56,470,333 shares+2 more
5 metrics
Shares beneficially owned12,727,273 sharesClass A common stock directly held by Black Sea Technologies LLC
Ownership percentage18.4%Percentage of AEVEX Corp. Class A common stock beneficially owned by each reporting person
Shares outstanding baseline56,470,333 sharesClass A common stock outstanding on August 12, 2026 used in the ownership calculation
New shares issued to Black Sea12,727,273 sharesClass A common stock issued to Black Sea on September 8, 2026 included in the denominator
Shared voting and dispositive power12,727,273 sharesShares over which the reporting persons report shared voting and investment authority
Key Terms
beneficially owned, shared voting power, shared dispositive power, Class A Common Stock, +1 more
5 terms
beneficially ownedfinancial
"sets forth the aggregate number of shares of Class A common stock ... beneficially owned"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
shared voting powerfinancial
"Shared Voting Power 12,727,273.00"
Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.
shared dispositive powerfinancial
"Shared Dispositive Power 12,727,273.00"
Class A Common Stockfinancial
"Title of class of securities: Class A Common Stock, par value $0.0001 per share"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
percent of classfinancial
"Row 11 ... sets forth the percentages of the shares of Class A common stock"
Percent of class is the portion of a specific category of securities—such as a company’s common shares, preferred shares, or a bond series—that takes part in or approves a corporate action (vote, consent, tender, etc.). Investors watch this number because it reveals how much support or opposition exists within that particular shareholder group; like counting how many members of a club back a proposal, it can determine whether a plan passes or how influence is distributed.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How many AEVEX Corp. (AVEX) shares are held by the reporting group?
The reporting group states that 12,727,273 shares of AEVEX Corp. Class A common stock are directly held by Black Sea Technologies LLC, with related Razor's Edge entities sharing voting and investment authority over these shares.
What percentage of AEVEX Corp. (AVEX) does the Razor's Edge group report owning?
The reporting entities each report beneficial ownership of 18.4% of AEVEX Corp.’s Class A common stock, based on the outstanding and newly issued shares described in the ownership calculation.
How was the 18.4% ownership of AVEX calculated in this Schedule 13G?
The 18.4% figure is based on the sum of 56,470,333 shares of Class A common stock outstanding on August 12, 2026 and 12,727,273 shares of Class A common stock issued to Black Sea on September 8, 2026.
Which entities are included as reporting persons for AEVEX Corp. (AVEX) in this Schedule 13G?
The reporting persons are Razor's Edge Fund III, LP, Razor's Edge Fund III-A, LP, Razor's Edge Ventures III, LLC, and Black Sea Technologies LLC. They collectively report beneficial ownership of the same 12,727,273 AEVEX shares.
Do the Razor's Edge entities claim to act as a group regarding AVEX shares?
The reporting entities collectively refer to themselves as the reporting persons but expressly disclaim status as a "group" for purposes of their beneficial ownership reporting of AEVEX Corp. Class A common stock.
Where are the AEVEX Corp. reporting entities organized?
All of the reporting entities—Razor's Edge Fund III, LP, Razor's Edge Fund III-A, LP, Razor's Edge Ventures III, LLC, and Black Sea Technologies LLC—state that they were organized in Delaware.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
AEVEX Corp.
(Name of Issuer)
Class A Common Stock, par value $0.0001 per share
(Title of Class of Securities)
00835T107
(CUSIP Number)
09/08/2026
(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)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
00835T107
1
Names of Reporting Persons
Razor's Edge Fund III, LP
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
12,727,273.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
12,727,273.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
12,727,273.00
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)
18.4 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP Number(s):
00835T107
1
Names of Reporting Persons
Razor's Edge Fund III-A, LP
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
12,727,273.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
12,727,273.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
12,727,273.00
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)
18.4 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP Number(s):
00835T107
1
Names of Reporting Persons
Razor's Edge Ventures III, 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
12,727,273.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
12,727,273.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
12,727,273.00
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)
18.4 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP Number(s):
00835T107
1
Names of Reporting Persons
Black Sea Technologies 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
12,727,273.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
12,727,273.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
12,727,273.00
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)
18.4 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
AEVEX Corp.
(b)
Address of issuer's principal executive offices:
440 Stevens Ave. #150, Solana Beach, CA, 92075.
Item 2.
(a)
Name of person filing:
The names of the persons filing this report (collectively, the "Reporting Persons") are:
Razor's Edge Fund III, LP ("RE Fund III")
Razor's Edge Fund III-A, LP ("RE Fund III-A")
Razor's Edge Ventures III, LLC ("RE Ventures III")
Black Sea Technologies LLC ("Black Sea")
The Reporting Persons expressly disclaim status as a "group" for purposes of this Schedule 13G.
(b)
Address or principal business office or, if none, residence:
1875 Explorer Street, Suite 560
Reston, VA 20190
(c)
Citizenship:
All of the Reporting Persons were organized in Delaware.
(d)
Title of class of securities:
Class A Common Stock, par value $0.0001 per share
(e)
CUSIP Number(s):
00835T107
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:
Row 9 of each Reporting Person's cover page to this Schedule 13G sets forth the aggregate number of shares of Class A common stock of the Issuer beneficially owned by such Reporting Person and is incorporated by reference.
The Reporting Persons' ownership of the Issuer's securities consists of 12,727,273 shares of Class A common stock directly held by Black Sea.
RE Fund III and RE Fund III-A collectively own a controlling interest in Black Sea and share voting and investment authority over the shares held by Black Sea.
As the general partner of each of RE Fund III and RE Fund III-A, RE Ventures III shares voting and investment authority over the shares held by Black Sea.
(b)
Percent of class:
Row 11 of each Reporting Person's cover page to this Schedule 13G sets forth the percentages of the shares of Class A common stock of the Issuer beneficially owned by such Reporting Person and is incorporated by reference. The percentage set forth in each row 11 is based upon the sum of: (i) 56,470,333 shares of Class A common stock outstanding on August 12, 2026, as disclosed in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 12, 2026, and (ii) 12,727,273 shares of Class A common stock issued to Black Sea on September 8, 2026.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
Row 5 of each Reporting Person's cover page to this Schedule 13G sets forth the sole power to vote or to direct the vote of securities of the Issuer beneficially owned by such Reporting Person and is incorporated by reference.
(ii) Shared power to vote or to direct the vote:
Row 6 of each Reporting Person's cover page to this Schedule 13G sets forth the shared power to vote or to direct the vote of securities of the Issuer beneficially owned by such Reporting Person and is incorporated by reference.
(iii) Sole power to dispose or to direct the disposition of:
Row 7 of each Reporting Person's cover page to this Schedule 13G sets forth the sole power to dispose or to direct the disposition of securities of the Issuer beneficially owned by such Reporting Person and is incorporated by reference.
(iv) Shared power to dispose or to direct the disposition of:
Row 8 of each Reporting Person's cover page to this Schedule 13G sets forth the shared power to dispose or to direct the disposition of securities of the Issuer beneficially owned by such Reporting Person and is incorporated by reference.
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
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.
Razor's Edge Fund III, LP
Signature:
/s/ Mark Spoto
Name/Title:
By Razor's Edge Ventures III, LLC, its general partner, By Mark Spoto, Managing Partner
Date:
09/15/2026
Razor's Edge Fund III-A, LP
Signature:
/s/ Mark Spoto
Name/Title:
By Razor's Edge Ventures III, LLC, its general partner, By Mark Spoto, Managing Partner
