The litigation, Rosenberg v. Aevex Corp., centers on claims that the company misled shareholders regarding a 180-day lock-up period intended to restrict the sale of Class A common stock. Plaintiffs allege that AEVEX executives concealed a pre-arranged agreement between the firm’s majority owner, Madison, and the Underwriter Defendants. This arrangement purportedly allowed for an early exit strategy, enabling Madison to liquidate shares and generate over $200 million shortly after the IPO, while underwriters collected more than $8 million in associated fees. By allegedly bypassing the commitment that was set to expire in mid-October, the company reportedly cleared the way for a secondary public offering that contradicted the terms outlined in the initial registration statement. Investors who acquired publicly traded shares between April 17 and June 4, 2026, may be eligible to participate in the ongoing legal proceedings.