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

Core Viewpoint - A class action lawsuit has been filed against AvidXchange Holdings, Inc. in connection with its proposed sale to TPG Global, LLC and Corpay, Inc. for $10.00 per share in cash [1]. Group 1: Lawsuit Details - The lawsuit was filed on July 11, 2025, in the United States District Court for the Southern District of New York [1]. - The case is titled Zappia v. AvidXchange Holdings, Inc., et al., with the case number 1:25-cv-5727-ER [1]. - The claims are asserted under Sections 14(a) and 20(a) of the Securities Exchange Act of 1934, as well as under Delaware law [1]. Group 2: Investor Notification - Avid investors are notified that they may move the Court to serve as lead plaintiff within 60 days of the notice [2]. - Additional information regarding the class action lawsuit can be found on the law firm's website or by contacting them directly [2]. Group 3: Firm Background - Wohl & Fruchter LLP has over a decade of experience representing investors in litigation related to fraud and corporate misconduct [3]. - The firm has successfully recovered hundreds of millions of dollars in damages for investors [3].