V2X, INC. ANNOUNCES SALE OF 2.25 MILLION SHARES OF COMMON STOCK IN SECONDARY OFFERING BY VERTEX AEROSPACE
V2XV2X(US:VVX) Prnewswire·2025-11-12 11:30

Core Viewpoint - V2X, Inc. announced the sale of 2.25 million shares of its common stock by Vertex Aerospace, with V2X not participating in the offering 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, brokerage transactions, and negotiated transactions [2]. - The offering is expected to close on or about November 13, 2025, subject to customary closing conditions [1]. Group 2: Share Repurchase - Following the offering, V2X has agreed to repurchase 363,638 shares of its common stock from the underwriter at the same price paid to Vertex Aerospace [3]. - V2X plans to fund this repurchase using cash on hand [3]. Group 3: Shareholder Agreement Changes - After the offering and repurchase, Vertex Aerospace will own approximately 19.9% of V2X's outstanding common stock, totaling 6,217,286 shares [4]. - The Shareholders Agreement will automatically terminate upon the closing of the offering, resulting in Vertex Aerospace losing its rights to designate nominees for V2X's Board of Directors [4].