Aevex (AVEX) said late Monday it has commenced a public offering of its Class A common shares, along with certain selling stockholders.
The company said it is offering about 5.7 million Class A common shares, and the selling stockholders are offering nearly 2.3 million.
Aevex and the selling stockholders plan to allow the underwriters a 30-day option to buy up to an additional 858,923 and 341,077 Class A common shares at the public offering price, respectively, less underwriting discounts and commissions.
The offering is subject to market and other conditions.
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