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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 - Vertex Aerospace is the sole underwriter for the offering, which will be conducted through various methods including direct sales and brokerage transactions on the New York Stock Exchange [2] - The offering is expected to close on or about August 11, 2025, subject to customary closing conditions [1] Group 2: Share Repurchase Agreement - V2X has agreed to repurchase 200,000 shares of its common stock from the underwriter at the same price paid to Vertex Aerospace [3] - The repurchase will be funded with cash on hand [3] Group 3: 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, two directors designated by Vertex Aerospace will resign from V2X's Board of Directors by the 2026 Annual Meeting of Shareholders [4] - Vertex Aerospace will have limited rights regarding the designation of directors and will lose consent rights over certain corporate actions [4] Group 4: Regulatory Information - A registration statement related to the shares was declared effective by the SEC on September 12, 2022, and the offering will be made by means of the written prospectus contained therein [5]