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AAR Corp. (FY ended 31 May 2025) reported strong top-line momentum. Consolidated sales rose $461.6 M, or 19.9%, driven mainly by commercial demand and the late-FY24 Product Support acquisition. Commercial revenue grew $338.2 M (+20.6%); government revenue increased $123.4 M (+18.1%). Segment mix: Parts Supply 40% of sales, Repair & Engineering 32%, Integrated Solutions 25%, Expeditionary Services 3%.

Key portfolio moves included the sale of the Landing Gear Overhaul business to GA Telesis for $48 M, producing a $71.1 M divestiture loss, and a $2.1 M gain on exit of an Indian MRO JV. Integration of FY24鈥檚 Product Support buy and FY23鈥檚 Trax software investment is yielding cost synergies and digital upselling opportunities.

Growth pipeline: new multi-year distribution deals (Unison, Chromalloy, Ontic), an extended FTAI Aviation USM agreement (CFM56 through 2030) and two U.S. Navy P-8A support contracts. Firm backlog stands at $537.2 M (鈮�75% recognizable in FY26). Airframe MRO capacity is expanding via 114 k sq ft Miami and 80 k sq ft Oklahoma City hangars, targeted for service within 12-18 months (Miami slightly delayed by permitting).

Government exposure remains meaningful: U.S. government agencies and contractors accounted for $687.6 M, 24.7% of revenue. Shares outstanding on 30 Jun 2025 were 35.85 M; non-affiliate market value was ~$2.43 B (11 Nov 2024 close). Workforce totals 5,600 employees and 500 contractors.

La Rosa Holdings Corp. (LRHC) has distributed a Preliminary Information Statement (Schedule 14C) announcing that stockholders holding approximately 97.2 % of voting power鈥攑rincipally CEO Joseph La Rosa via common stock and Series X Super Voting Preferred Stock鈥攈ave delivered written consent to approve two key corporate actions:

• Issuance of 鈥淣ew Conversion Shares鈥� above Nasdaq鈥檚 19.99 % threshold. The consent satisfies Nasdaq Listing Rules 5635(b) and 5635(d) in connection with the June 18 2025 Exchange Agreement under which the Company swapped Incremental Warrants for 6,000 shares of Series B Convertible Preferred Stock. These preferred shares convert at the lesser of a fixed $0.25 price or a variable 鈥淎lternate Conversion Price鈥� (floor $0.082 and 95 % of the 7-day VWAP), subject to a 4.99 % ownership cap per holder. The note principal associated with the earlier financing is $5.5 million; full conversion could exceed the 20 % issuance limit, hence the need for approval.
• Adoption of the Second Amended & Restated 2022 Equity Incentive Plan. The share pool rises from 156,250 (post 80-for-1 reverse split) to 374,961 shares, and the definition of 鈥淐onsultant鈥� is broadened to include wholly-owned legal entities of individuals.

The actions become effective 20 days after mailing. No meeting or proxy is required. Minority holders have no dissenter or appraisal rights.

Investor implications:

• The approval maintains Nasdaq listing compliance and unlocks the capital structure needed to convert the Series B Preferred Stock and potentially reduce debt.
• However, the variable-priced conversion and enlarged incentive plan introduce significant dilution risk for existing common shareholders.
• Control remains highly concentrated: 2,000 Series X shares carry 20 million votes (10,000 votes each), giving the CEO effective control over future corporate decisions.