AVEX — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-08-12

• In connection with the IPO, the Company completed the Organizational Transactions described under Note 1, Organization, of the Company’s condensed consolidated financial statements and related notes included in this Quarterly Report on Form 10-Q. The following is a summary of the equity transactions…

• •certain LLC Unitholders contributed their 25,135,300 Series A units to the Company in exchange for 25,135,300 shares of Class A common stock;

• •the Company issued 63,297,524 shares of Class B common stock to ATS Investment Holdings, on a one-to-one basis with the number of Series B units it owned, for $1.0 million;

• •all Series A preferred units converted into 7,208,876 shares of Class A common stock at a conversion price based on 80% of the initial public offering price (and 7,208,876 Series A units were issued to a wholly-owned subsidiary of AEVEX Corp.);

• •the Company issued 18,400,000 shares of its Class A common stock as a result of the IPO; and

Text removed vs the prior filing · source: 10-Q · 2026-05-20

• In connection with the IPO, the Company completed the Organizational Transactions described under Note 5, Subsequent Events, of the condensed consolidated financial statements and related notes of AEVEX Corp. and in Note 12. Subsequent Events, of the condensed consolidated financial statements and r…

• Our results have been affected, and are expected to be affected in the future, by a variety of factors. A discussion of key factors that have had, or may have, an effect on our results is set forth below. Information regarding the Company’s risk factors appears in the Prospectus under “Risk Factors.…

• Funded backlog includes both single and multi-year awards, and fluctuations in backlog are driven primarily by the timing of large program wins. The decrease of $146.5 million in funded backlog for the three months ended March 31, 2026 was primarily due to revenue recognized for the EUCOM AOR Deep S…

• Change in Derivative Liability – During December 2025 and the three months ended March 31, 2026, the Company issued Series A preferred units with conversion features that represent an embedded derivative that is accounted for separately from the Series A preferred units and remeasured at fair value …

• For the Three Months Ended March 31, 2026 Compared to the Three Months Ended March 31, 2025

Text removed vs the prior filing · source: 10-Q · 2026-05-20

• IT controls and underlying data that support the effectiveness of system-generated data and reports) that could result in misstatements potentially impacting all financial statement accounts and disclosures that would not be prevented or detected. Accordingly, management determined that these defici…