AEVEX Closes $600M BlackSea Acquisition, Paying $350M in Stock
AVEX sits 31% above its 52-week low of $13.07.
Summary
AEVEX closed its BlackSea Technologies acquisition at a $600 million enterprise value, paying $350 million in stock and the rest in cash, with up to $50 million in performance-based contingent consideration.
Key Events · M&A and Partnerships · AVEX
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BlackSea Acquisition Closed
The acquisition of Maritime Applied Physics, LLC (BlackSea Technologies) was completed on September 8, 2026, at a total enterprise value of $600 million.
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Stock and Cash Consideration
The seller received 12,727,273 shares of Class A common stock valued at $350 million, with the balance paid in cash, subject to a $5 million post-closing adjustment escrow.
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Contingent Earn-Out Terms
Up to $50 million in additional shares is payable if the 30-day VWAP reaches $28.00 and the target generates at least $24.75M revenue and $8.91M gross profit from GARC/CHASER vessels by December 31, 2027.
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Share Issuance Cap
Cumulative shares issued in the transaction cannot exceed 19.99% of AEVEX's outstanding capital stock.
Analysis · AVEX · Manufacturing
The acquisition of BlackSea Technologies closed on September 8, 2026, with final terms that differ from the initial announcement. The deal was completed at a $600 million enterprise value—below the 'up to $650 million' headline—with $350 million paid in 12.7 million newly issued shares and the remainder in cash. An additional $50 million in contingent consideration is tied to both a $28.00 share price threshold and specific revenue and gross profit targets for autonomous vessels through December 2027. The stock component creates immediate dilution for existing holders, while the earn-out structure aligns seller payouts with operational performance. This transforms AEVEX into a multi-domain autonomous systems provider with scaled maritime manufacturing capacity.
How filings like this one have moved
In the 30 days to Sep 10, 2026, 35.8% of the 1864 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was 0.00%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, AVEX was trading at $17.13 on NYSE in the Manufacturing sector, with a market capitalization of approximately $2B. The 52-week trading range was $13.07 to $42.34. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.