Mergers & Acquisitions ·
AEVEX Corp. entered into an Agreement and Plan of Reorganization to acquire Maritime Applied Physics Corporation…
AVEXAEVEX Corp.
AEVEX Corp. entered into an Agreement and Plan of Reorganization to acquire Maritime Applied Physics Corporation (BlackSea Technologies) for a total enterprise value of $600 million, subject to working capital adjustments. The transaction involves issuing approximately 12.73 million shares valued at $350 million and paying the remainder in cash, with up to $50 million in contingent consideration based on stock price and revenue targets through December 2027. AEVEX is a U.S. defense technology company specializing in autonomous systems, AI-enabled mission software, and advanced ISR solutions.