V2X, INC. ANNOUNCES SALE OF 2.0 MILLION SHARES OF COMMON STOCK IN SECONDARY OFFERING BY VERTEX AEROSPACE
V2X (NYSE:VVX) announced that Vertex Aerospace is selling 2.0 million shares of V2X common stock in a secondary offering. V2X will purchase 200,000 shares from the underwriter at the same price paid to Vertex Aerospace, using cash on hand.
Following the offering, Vertex Aerospace will retain a 32.3% ownership stake with 10,167,286 shares. The transaction will trigger significant governance changes, including the resignation of two Vertex Aerospace-designated directors by V2X's 2026 Annual Meeting and reduced board committee representation and corporate action consent rights for Vertex Aerospace.
RBC Capital Markets serves as the sole underwriter, with the offering expected to close around August 11, 2025. V2X will not receive any proceeds from the offering.
V2X (NYSE:VVX) ha annunciato che Vertex Aerospace sta vendendo 2,0 milioni di azioni di azioni ordinarie V2X in un'offerta secondaria. V2X acquisterà 200.000 azioni dall'intermediario finanziario allo stesso prezzo pagato a Vertex Aerospace, utilizzando liquidità disponibile.
Dopo l'offerta, Vertex Aerospace manterrà una quota di proprietà del 32,3% con 10.167.286 azioni. La transazione comporterà importanti cambiamenti nella governance, inclusa la dimissione di due direttori designati da Vertex Aerospace entro l'Assemblea Annuale di V2X del 2026 e una riduzione della rappresentanza nei comitati del consiglio e dei diritti di consenso sulle azioni societarie per Vertex Aerospace.
RBC Capital Markets è l'unico sottoscrittore, con la chiusura dell'offerta prevista intorno all'11 agosto 2025. V2X non riceverà alcun ricavo dall'offerta.
V2X (NYSE:VVX) anunció que Vertex Aerospace está vendiendo 2,0 millones de acciones de acciones comunes de V2X en una oferta secundaria. V2X comprará 200,000 acciones al suscriptor al mismo precio pagado a Vertex Aerospace, utilizando efectivo disponible.
Después de la oferta, Vertex Aerospace mantendrá una participación accionaria del 32,3% con 10.167.286 acciones. La transacción desencadenará cambios significativos en la gobernanza, incluyendo la renuncia de dos directores designados por Vertex Aerospace para la Junta Anual de V2X en 2026 y una reducción en la representación en comités del consejo y en los derechos de consentimiento para acciones corporativas de Vertex Aerospace.
RBC Capital Markets actúa como único suscriptor, y se espera que la oferta cierre alrededor del 11 de agosto de 2025. V2X no recibirá ingresos de esta oferta.
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V2X (NYSE:VVX) a annoncé que Vertex Aerospace vend 2,0 millions d’actions ordinaires de V2X dans le cadre d’une offre secondaire. V2X achètera 200 000 actions auprès du souscripteur au même prix payé à Vertex Aerospace, en utilisant des liquidités disponibles.
Après l’offre, Vertex Aerospace conservera une participation de 32,3 % avec 10 167 286 actions. La transaction entraînera des changements significatifs dans la gouvernance, notamment la démission de deux administrateurs désignés par Vertex Aerospace avant l’assemblée générale annuelle de V2X en 2026, ainsi qu’une réduction de la représentation dans les comités du conseil et des droits de consentement aux actions pour Vertex Aerospace.
RBC Capital Markets est le seul souscripteur, avec une clôture de l’offre prévue vers le 11 août 2025. V2X ne recevra aucun produit de cette offre.
V2X (NYSE:VVX) gab bekannt, dass Vertex Aerospace 2,0 Millionen Aktien von V2X-Stammaktien in einem Sekundärangebot verkauft. V2X wird 200.000 Aktien vom Underwriter zum gleichen Preis wie Vertex Aerospace erwerben und dafür vorhandene liquide Mittel verwenden.
Nach dem Angebot wird Vertex Aerospace einen Eigentumsanteil von 32,3 % mit 10.167.286 Aktien behalten. Die Transaktion führt zu wesentlichen Änderungen in der Unternehmensführung, darunter der Rücktritt von zwei von Vertex Aerospace benannten Direktoren bis zur Hauptversammlung von V2X im Jahr 2026 sowie eine reduzierte Vertretung in Ausschüssen und eingeschränkte Zustimmungsrechte für Vertex Aerospace bei Unternehmensentscheidungen.
RBC Capital Markets fungiert als alleiniger Underwriter, und der Abschluss des Angebots wird für etwa 11. August 2025 erwartet. V2X erhält keine Erlöse aus dem Angebot.
- V2X's repurchase of 200,000 shares demonstrates confidence in the company's value
- Reduction in Vertex Aerospace's control rights enhances V2X's corporate governance autonomy
- Vertex Aerospace maintains significant ownership (32.3%), showing continued commitment to V2X
- Large secondary offering of 2.0 million shares could create temporary selling pressure
- Loss of two board directors may impact strategic oversight during transition
Insights
Vertex Aerospace reducing V2X stake through secondary offering, triggering governance changes while V2X repurchases portion of shares.
This secondary offering represents a significant ownership shift for V2X. Vertex Aerospace is selling
The transaction triggers important governance changes that strengthen V2X's independence. Following closing, two Vertex Aerospace-designated directors must resign from V2X's board no later than the 2026 annual meeting. Additionally, Vertex Aerospace's representation on board committees will be limited to one director per committee, and they'll lose consent rights over key corporate actions including capital stock issuances, repurchases, acquisitions, dispositions, and organizational document amendments.
This development represents a controlled reduction in Vertex Aerospace's influence while maintaining their position as the largest shareholder. The transaction structure - with V2X repurchasing a portion of the offered shares - indicates management's confidence in the company's valuation and demonstrates commitment to supporting share price during this transition. For investors, this represents an evolution toward more independent governance while maintaining the strategic relationship with Vertex Aerospace.
RBC Capital Markets is acting as the sole underwriter for the offering. RBC Capital Markets proposes to offer the shares of common stock from time to time to purchasers directly or through agents, or through brokers in brokerage transactions on the New York Stock Exchange, or to dealers in negotiated transactions or in a combination of such methods of sale, at a fixed price or prices, which may be changed, or at market prices prevailing at the time of sale, at prices related to such prevailing market prices or at negotiated prices.
Subject to the closing of the offering, V2X has agreed to purchase from the underwriter 200,000 of the shares of V2X's common stock that are subject to the offering at a price per share of common stock equal to the price to be paid to Vertex Aerospace by RBC Capital Markets. V2X intends to fund the repurchase of its common stock with cash on hand.
Following the offering, Vertex Aerospace will continue to beneficially own 10,167,286 shares, or approximately
A registration statement on Form S-3 (File No. 333-267223) relating to the shares of common stock of V2X to be sold in the offering was declared effective by the Securities and Exchange Commission (the "SEC") on September 12, 2022 and the offering may only be made by means of the written prospectus contained therein. Before you invest, you should read the prospectus in that registration statement and the other documents V2X has filed with the SEC for more complete information about V2X and this offering. You may get these documents for free by visiting EDGAR on the SEC's website at . Alternatively, RBC Capital Markets will arrange to send you the prospectus if you request it by writing RBC Capital Markets, LLC, 200 Vesey Street, 8th Floor,
This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended, and the Private Securities Litigation Reform Act of 1995 and, as such, may involve risks and uncertainties. All statements included in this press release, other than statements that are purely historical, are forward-looking statements. Forward-looking statements include statements about the offering, the changes in Vertex Aerospace's rights under the Shareholders Agreement and V2X's repurchase of shares of its common stock as part of this offering, which generally can be identified by the use of forward-looking terminology such as "may," "will," "expect," "intend," "estimate," "anticipate," "believe," "could," "potential," "continue" or similar terminology. These statements are based on the beliefs and assumptions of our management based on information currently available to management. Forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties that could cause actual results to differ materially from the results contemplated by the forward-looking statements.
These risks and uncertainties include, but are not limited to: V2X's ability to submit proposals for and/or win all potential opportunities in their pipeline; V2X's ability to retain and renew existing contracts; V2X's ability to compete with other companies in their market; security breaches, cyber-attacks or cyber intrusions, and other disruptions to their information technology and operation; their mix of cost-plus, cost-reimbursable, firm-fixed-price and time-and-materials contracts; maintaining their reputation and relationship with the
V2X, Inc.
Mike Smith
Vice President, Treasury, Corporate Development and Investor Relations
1-719-637-5773
[email protected]
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