Madison Air Announces $2.250 Billion Private Placement

CHICAGO, Aug. 25, 2026 /PRNewswire/ -- Madison Air Solutions Corporation (NYSE: MAIR) (the "Company" or "Madison Air"), a global provider of air quality solutions, today announced a private placement (the "Private Placement") of approximately $2.250 billion of the Company's Class A common stock, par value $0.0000001 per share (the "Class A Common Stock"). Pursuant to Securities Purchase Agreements with certain accredited investors, the Company has agreed to sell an aggregate of 90,108,130 shares of Class A Common Stock at a purchase price of $24.97 per share. Investors in the Private Placement include Larry Gies, the Chairman of the Company's board of directors and sole manager of the Company's controlling stockholder, who has agreed to purchase $300.0 million of Class A Common Stock and Madison Solutions LLC ("Madison Solutions"), an entity affiliated with Mr. Gies, which has agreed to purchase $320.0 million of Class A Common Stock. The offering is expected to close on or about September 1, 2026 (the "Closing"), subject to the satisfaction of customary closing conditions.