Shareholders who lost money in shares AEVEX Corp. (NYSE: AVEX) should contact Wolf Haldenstein Immediately

Lead Plaintiff Deadline October 20, 2026

NEW YORK, Aug. 28, 2026 (GLOBE NEWSWIRE) -- Wolf Haldenstein Adler Freeman & Herz LLP (“Wolf Haldenstein”), a nationally recognized securities litigation law firm, announces that a securities class action lawsuit has been filed on behalf of all persons or entities who purchased or otherwise acquired AEVEX Corp. (“Aevex” or the “Company”) (NYSE: AVEX) acquired Aevex Class A common stock:

(1) between April 17, 2026, and June 4, 2026, inclusive (the “Class Period”); and/or

(2) pursuant and/or traceable to the registration statement and related prospectus (collectively, the “Offering Documents”) issued in connection with Aevex’s initial public offering conducted on or about April 17, 2026 (the “IPO”).

Investors who purchased Aevex shares during the class period and suffered losses may be eligible to participate in the case, with the lead-plaintiff deadline set for October 20, 2026.

Aevex is a military technology contractor that designs and manufactures unmanned aerial and surface vehicles, as well as provides AI-enabled intelligence, surveillance, and reconnaissance services. Madison Dearborn Partners, LLC (“Madison”), is a private equity firm that acquired a majority stake in Aevex in 2020, and by the April 2026 IPO, owned 100% of Aevex’s
common stock.

In regard to restrictions on Madison in the IPO, the Offering Documents stated that Madison would not sell any shares of Aevex Class A common stock in the IPO, and that it would be subject to a 180-day “lock-up,” meaning Madison could not sell any Class A common stock, nor exchange any other shares into Class A to then sell. This “lock-up” period is typical in an initial public offering to reassure investors that corporate insiders and significant investors cannot sell their stakes in the company and flood the market. Here, the “lock-up” period would run 180 days after the date of the prospectus, until October 13, 2026.

Just over a month after the IPO, on June 1, 2026, Defendants filed a registration statement with the SEC announcing the company’s intention to sell eight million more shares of Class A common stock to the public via a secondary public offering (“SPO”). Shortly thereafter, on or about June 3, 2026,

Defendants followed through with their plan and sold eight million shares, revealing through the SPO offering documents that at least two Defendants had “agreed to waive…the lock-up restrictions,” allowing for the sale of more than two million shares from Madison’s Class A holdings. The rest of the six million shares would be newly issues, the proceeds of which Aevex would purchase an equivalent number of Madison’s other Aevex holdings. This meant that the entirety of the SPO proceeds, which amounted to $207.9 million, went to Madison while Aevex earned nothing from the SPO.

The market reacted quickly to these disclosures, with Aevex’s Class A common stock price falling approximately 16% on June 2, 2026. Aevex’s stock price continued to fall, plummeting a further 7% on June 5, 2026.

WHY WOLF HALDENSTEIN?

This illustrious firm, founded in 1888, is steadfast in their pursuit of justice for investors who have suffered financial harm due to these misrepresented statements. The law firm brings to the fore over 125 years of legal expertise in securities litigation and has a proven record of protecting the rights of investors.

We encourage all investors who have been affected or have information that will assist in our investigation, to contact Wolf Haldenstein Adler Freeman & Herz LLP.

There is no cost or obligation to speak with an attorney.

Contact:

• Phone: (800) 575-0735 or (212) 545-4774
• Email: classmember@whafh.com
• Contact Person: Gregory Stone, Director of Case and Financial Analysis
  

Firm Website: Wolf Haldenstein Adler Freeman & Herz LLP

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