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V2X, INC. ANNOUNCES SALE OF 2.0 MILLION SHARES OF COMMON STOCK IN SECONDARY OFFERING BY VERTEX AEROSPACE
V2XV2X(US:VVX) Prnewswireยท2025-08-08 10:45

Core Viewpoint - V2X, Inc. announced the sale of 2.0 million shares of its common stock by Vertex Aerospace, with V2X not participating in the sale and not receiving any proceeds from it [1] Group 1: Offering Details - The offering is underwritten by RBC Capital Markets, which will sell the shares through various methods including direct sales and brokerage transactions on the New York Stock Exchange [2] - V2X has agreed to repurchase 200,000 shares from the underwriter at the same price paid by RBC Capital Markets for the shares sold by Vertex Aerospace, using cash on hand for this repurchase [3] Group 2: Ownership and Governance Changes - After the offering, Vertex Aerospace will own approximately 32.3% of V2X's outstanding common stock, totaling 10,167,286 shares [4] - Following the transaction's closing, two directors designated by Vertex Aerospace will resign from V2X's Board of Directors by the 2026 Annual Meeting, and Vertex Aerospace will have limited rights regarding board committee designations and certain corporate actions [4] Group 3: Regulatory Information - A registration statement for the offering was declared effective by the SEC on September 12, 2022, and the offering will be conducted according to the prospectus contained in that registration statement [5]