AEVEX Corp. Faces Securities Lawsuit Over Alleged Lock-Up Waiver

The legal complaint centers on claims that AEVEX’s IPO documents promised a 180-day restriction on share sales by controlling stockholders and insiders to protect market stability. However, just 41 days after the IPO, the company filed for a secondary offering of 8 million shares. The lawsuit alleges that underwriters had secretly agreed to waive the lock-up restrictions before the IPO pricing, enabling the controlling owner to net $207.9 million while the company received no proceeds from the sale.

This discrepancy hit shareholders hard in early June 2026. AEVEX Class A shares plummeted 16% on June 2 and another 7% on June 5, erasing nearly $900 million in market capitalization. Joseph E. Levi of Levi & Korsinsky, the firm representing the class, argues that investors bought shares at inflated prices, unaware of the imminent supply of insider stock. With an October 20, 2026, deadline for lead plaintiff applications, the court is now tasked with determining how these undisclosed plans affected the material risks presented to public investors.