Arxis Completes IPO of 46.57M Shares at $28; Reorganizes Structure

Arxis, Inc. completed its initial public offering on April 17, 2026, issuing 46,575,000 shares of Class A common stock at $28.00 per share, which included shares from the underwriters' option exercise. Immediately prior to the IPO, the company underwent a reorganization, merging its subsidiaries into the Arxis Businesses, making them wholly-owned subsidiaries. As part of this reorganization, Arxis issued 23,153,980 Class A shares and 340,676,786 Class B shares, along with 11,117,031 restricted Class A shares to holders of unvested units.