MAIR · Madison Air Solutions Corporation

Madison Air Solutions Corporation successfully priced and closed its IPO on April 17, 2026, selling 82.7 million Class A shares at $27 per share following full exercise of the underwriters' greenshoe option, marking a key liquidity event for shareholders. The underwriting agreement with Goldman Sachs, Barclays, Jefferies, and Wells Fargo as leads facilitates primary capital raising while related agreements including Registration Rights, Director Nomination, Separation, Tax Matters, Transition Services, Lock-Up, and Indemnification Agreements structure post-IPO governance and operations. Unregistered sales of 82 million Class A shares to Kedge, institutional investors, executives, and employees in exchange for subsidiary LLC units, plus 324 million Class B shares to Holdings, maintain significant insider control via super-voting Class B structure. New director appointments of Hudson La Force, George Nolen, and Jill Wyant enhance board expertise amid IPO transition. Amended governance documents and new Omnibus Incentive Plan plus assumed EAR Plans align executive incentives with long-term value creation. Concurrent $100M Class B private placement to founder-controlled entity bolsters balance sheet without dilution to public float.