AvidXchange Investors File Class Action Lawsuit in Southern District of New York

Wohl & Fruchter LLP has filed a class action lawsuit against AvidXchange Holdings, Inc. on behalf of shareholders who held the company's common stock as of July 11, 2025. The lawsuit asserts claims under Sections 14(a) and 20(a) of the Securities Exchange Act of 1934 and Delaware law, in connection with the proposed sale of Avid to TPG Global and Corpay in exchange for $10.00 per share in cash. Investors who wish to learn more about the lawsuit or their rights can contact Wohl & Fruchter LLP by phone at 866-833-6245 or via email at alerts@wohlfruchter.com.

Wohl & Fruchter LLP has filed a class action lawsuit against AvidXchange Holdings, Inc. (NASDAQ: AVDX) on behalf of shareholders who held the company's common stock as of July 11, 2025. The lawsuit, captioned Zappia v. AvidXchange Holdings, Inc., et al., Case No. 1:25-cv-5727-ER, was filed in the United States District Court for the Southern District of New York. The suit asserts claims under Sections 14(a) and 20(a) of the Securities Exchange Act of 1934, as well as under Delaware law, in connection with the proposed sale of Avid to TPG Global, LLC and Corpay, Inc. for $10.00 per share in cash.

The class action lawsuit alleges that the proposed sale may have been conducted without proper disclosure or in violation of securities laws. Avid investors are notified that any member of the purported class may move the court to serve as lead plaintiff of the class within 60 days of the notice. For more information or to contact Wohl & Fruchter LLP, investors can visit [1] https://wohlfruchter.com/cases/avidxchange-holdings/ or contact them by phone at 866-833-6245 or via email at alerts@wohlfruchter.com.

References:
[1] https://www.globenewswire.com/news-release/2025/07/17/3117314/0/en/AVDX-Alert-Wohl-Fruchter-LLP-Files-Class-Action-Lawsuit-on-Behalf-of-Shareholders-of-AvidXchange-Holdings-Inc-in-the-U-S-District-Court-for-the-Southern-District-of-New-York.html