[424B5] V2X, Inc. Prospectus Supplement (Debt Securities)
V2X (VVX) is offering 2,000,000 shares of its common stock for resale by a selling shareholder; the company will not receive proceeds from that sale.
The underwriter agreed to buy the shares from the selling shareholder at $50.00 per share, producing aggregate proceeds of $100,000,000 to the selling shareholder. V2X has agreed to buy 200,000 of those shares from the underwriter at the same price (a $10.0 million repurchase), funded with cash on hand and approved by a disinterested special committee; the repurchase is conditioned on closing of the offering and may be subject to a 1% excise tax.
Outstanding shares were 31,709,821 before the transaction and will be 31,509,821 after the offering and repurchase. After the sale the selling shareholder will hold 10,167,286 shares (~32.3%). The filing discloses that the company’s independent auditor, RSM US LLP, concluded the company had not maintained effective internal control over financial reporting as of December 31, 2024.
V2X (VVX) offre in vendita 2,000,000 azioni ordinarie in rivendita da parte di un azionista venditore; la società non riceverà proventi da tale vendita.
Il sottoscrittore ha accettato di acquistare le azioni dall'azionista venditore a $50.00 per azione, generando proventi complessivi di $100,000,000 per l'azionista venditore. V2X ha concordato di riacquistare 200,000 di quelle azioni dal sottoscrittore allo stesso prezzo (un riacquisto di $10.0 million), finanziato con disponibilità liquide e approvato da un comitato speciale imparziale; il riacquisto è condizionato alla chiusura dell'offerta e potrebbe essere soggetto a un'imposta dell'1%.
Le azioni in circolazione erano 31,709,821 prima dell'operazione e saranno 31,509,821 dopo l'offerta e il riacquisto. Dopo la vendita l'azionista venditore deterrà 10,167,286 azioni (~32.3%). Il deposito rivela che il revisore indipendente della società , RSM US LLP, ha concluso che la società non aveva mantenuto un controllo interno efficace sulla rendicontazione finanziaria al 31 dicembre 2024.
V2X (VVX) ofrece 2,000,000 acciones ordinarias para reventa por parte de un accionista vendedor; la empresa no recibirá ingresos por esa venta.
El suscriptor acordó comprar las acciones al accionista vendedor a $50.00 por acción, generando ingresos agregados de $100,000,000 para el accionista vendedor. V2X ha acordado recomprar 200,000 de esas acciones al suscriptor al mismo precio (una recompra de $10.0 million), financiada con efectivo disponible y aprobada por un comité especial imparcial; la recompra está condicionada al cierre de la oferta y podrÃa estar sujeta a un impuesto especial del 1%.
Las acciones en circulación eran 31,709,821 antes de la operación y serán 31,509,821 después de la oferta y la recompra. Después de la venta, el accionista vendedor poseerá 10,167,286 acciones (~32.3%). La presentación revela que el auditor independiente de la empresa, RSM US LLP, concluyó que la empresa no habÃa mantenido un control interno eficaz sobre la información financiera al 31 de diciembre de 2024.
V2X (VVX)ëŠ� ë§¤ë„ ì£¼ì£¼ê°€ 재íŒë§¤í•˜ëŠ� 보통ì£� 2,000,000주를 ì œê³µí•˜ë©°, 회사ëŠ� 해당 íŒë§¤ë¡œë¶€í„� 수ìµì� 받지 않습니다.
ì¸ìˆ˜ì¸ì€ ë§¤ë„ ì£¼ì£¼ë¡œë¶€í„� 주당 $50.00ì—� 주ì‹ì� 매수하기ë¡� í•©ì˜í•˜ì—¬ ë§¤ë„ ì£¼ì£¼ì—게 ì´ì•¡ $100,000,000ì� ëŒ€ê¸ˆì´ ë°œìƒí•©ë‹ˆë‹�. V2XëŠ� ì¸ìˆ˜ì¸ìœ¼ë¡œë¶€í„� ê·� ì¤� 200,000주를 ë™ì¼í•� ê°€ê²©ì— ìž¬ë§¤ìž…í•˜ê¸°ë¡œ í•©ì˜í–ˆìœ¼ë©�(ì´� $10.0 millionì� 재매ìž�), ì´ëŠ” ë³´ìœ í˜„ê¸ˆìœ¼ë¡œ ìžê¸ˆ 조달ë˜ê³ ì´í•´ê´€ê³„ê°€ 없는 특별위ì›íšŒì˜ 승ì¸ì� 받았습니ë‹�; ìž¬ë§¤ìž…ì€ ê³µëª¨ 종료ë¥� 조건으로 하며 1%ì� 소비세가 ì ìš©ë� ìˆ� 있습니다.
ìœ í†µì£¼ì‹ ìˆ˜ëŠ” 거래 ì � 31,709,821주였ê³� 공모 ë°� 재매ìž� í›� 31,509,821주가 ë©ë‹ˆë‹�. ë§¤ë„ í›� ë§¤ë„ ì£¼ì£¼ëŠ� 10,167,286ì£�(ì•� 32.3%)ë¥� ë³´ìœ í•˜ê²Œ ë©ë‹ˆë‹�. ì œì¶œ 서류ì—는 회사ì� ë…립 ê°ì‚¬ì� RSM US LLPê°€ 2024ë…� 12ì›� 31ì� 기준으로 회사가 ìž¬ë¬´ë³´ê³ ì—� 대í•� ìœ íš¨í•� ë‚´ë¶€í†µì œë¥� ìœ ì§€í•˜ì§€ 못했ë‹�ê³� ê²°ë¡ ì§€ì—ˆë‹¤ê³� 기재ë˜ì–´ 있습니다.
V2X (VVX) propose 2,000,000 actions ordinaires en revente par un actionnaire vendeur ; la société ne recevra aucun produit de cette cession.
Le souscripteur a accepté d'acheter les actions de l'actionnaire vendeur à $50.00 par action, procurant à l'actionnaire vendeur des produits agrégés de $100,000,000. V2X a accepté de racheter 200,000 de ces actions auprès du souscripteur au même prix (un rachat de $10.0 million), financé avec des liquidités disponibles et approuvé par un comité spécial indépendant ; le rachat est conditionné à la clôture de l'offre et peut être assujetti à une taxe d'accise de 1%.
Les actions en circulation s'élevaient à 31,709,821 avant la transaction et seront de 31,509,821 après l'offre et le rachat. Après la vente, l'actionnaire vendeur détiendra 10,167,286 actions (~32.3%). Le dépôt révèle que l'auditeur indépendant de la société, RSM US LLP, a conclu que la société n'avait pas maintenu de contrôle interne efficace sur l'information financière au 31 décembre 2024.
V2X (VVX) bietet 2,000,000 Stammaktien zum Weiterverkauf durch einen veräußernden Aktionär an; das Unternehmen erhält aus diesem Verkauf keine Erlöse.
Der Underwriter hat sich verpflichtet, die Aktien vom veräußernden Aktionär zu $50.00 pro Aktie zu kaufen, wodurch dem veräußernden Aktionär Gesamterlöse von $100,000,000 zufließen. V2X hat zugestimmt, 200,000 dieser Aktien vom Underwriter zum selben Preis zurückzukaufen (ein Rückkauf von $10.0 million), finanziert aus vorhandenen liquiden Mitteln und genehmigt von einem unabhängigen Sonderausschuss; der Rückkauf steht unter der Bedingung des Abschlusses des Angebots und kann einer 1%igen Verbrauchssteuer unterliegen.
Die ausstehenden Aktien beliefen sich vor der Transaktion auf 31,709,821 und werden nach Angebot und Rückkauf 31,509,821 betragen. Nach dem Verkauf wird der veräußernde Aktionär 10,167,286 Aktien (~32.3%) halten. Die Einreichung legt offen, dass der unabhängige Abschlussprüfer der Gesellschaft, RSM US LLP, zu dem Schluss kam, dass das Unternehmen keine wirksame interne Kontrolle über die Finanzberichterstattung zum 31. Dezember 2024 aufrechterhalten hatte.
- Company repurchase of 200,000 shares at $50 per share (total $10.0 million) reduces shares outstanding and was approved by a disinterested special committee.
- $100.0 million aggregate proceeds to the selling shareholder via the underwriter purchase; underwriter committed to purchase all offered shares.
- Selling shareholder ownership decreases from 12,167,286 shares (38.3%) to 10,167,286 shares (32.3%), per the filing.
- Company will not receive proceeds from the 2,000,000-share sale; proceeds go to the selling shareholder.
- RSM US LLP concluded the company had not maintained effective internal control over financial reporting as of December 31, 2024.
- 2,000,000 shares offered for resale (approximately 6.3% of pre-offering outstanding shares) could increase the tradable float and create downward pressure on the stock.
- Share repurchase may be subject to a 1% excise tax under the Inflation Reduction Act of 2022, potentially increasing repurchase cost.
Insights
TL;DR: 2.0M-share secondary sale increases tradable supply; company repurchase is modest; auditor flagged material control weakness.
The filing describes a routine secondary offering: 2,000,000 shares sold by a selling shareholder at $50.00 per share, with the company repurchasing 200,000 shares for $10.0 million from the underwriter. The company will not receive proceeds from the sale. Outstanding shares fall by the repurchase only (from 31,709,821 to 31,509,821). Concentrated ownership remains: investment funds affiliated with American Industrial Partners will beneficially own ~32.3% post-transaction. The independent auditor’s finding that internal control over financial reporting was not effective is a material operational disclosure that warrants attention from investors and management.
TL;DR: Shareholders agreement and director changes limit selling shareholder rights; special committee approved repurchase; lock-up and indemnities noted.
The prospectus supplement states post-closing governance changes under a Shareholders Agreement: two directors designated by the selling shareholder must resign by the 2026 Annual Meeting and the selling shareholder loses certain consent rights over major corporate actions. The repurchase was approved by a disinterested special committee. Lock-up agreements restrict sales for 45 days. These items reflect negotiated governance transitions tied to the sale and are material to control and board composition.
V2X (VVX) offre in vendita 2,000,000 azioni ordinarie in rivendita da parte di un azionista venditore; la società non riceverà proventi da tale vendita.
Il sottoscrittore ha accettato di acquistare le azioni dall'azionista venditore a $50.00 per azione, generando proventi complessivi di $100,000,000 per l'azionista venditore. V2X ha concordato di riacquistare 200,000 di quelle azioni dal sottoscrittore allo stesso prezzo (un riacquisto di $10.0 million), finanziato con disponibilità liquide e approvato da un comitato speciale imparziale; il riacquisto è condizionato alla chiusura dell'offerta e potrebbe essere soggetto a un'imposta dell'1%.
Le azioni in circolazione erano 31,709,821 prima dell'operazione e saranno 31,509,821 dopo l'offerta e il riacquisto. Dopo la vendita l'azionista venditore deterrà 10,167,286 azioni (~32.3%). Il deposito rivela che il revisore indipendente della società , RSM US LLP, ha concluso che la società non aveva mantenuto un controllo interno efficace sulla rendicontazione finanziaria al 31 dicembre 2024.
V2X (VVX) ofrece 2,000,000 acciones ordinarias para reventa por parte de un accionista vendedor; la empresa no recibirá ingresos por esa venta.
El suscriptor acordó comprar las acciones al accionista vendedor a $50.00 por acción, generando ingresos agregados de $100,000,000 para el accionista vendedor. V2X ha acordado recomprar 200,000 de esas acciones al suscriptor al mismo precio (una recompra de $10.0 million), financiada con efectivo disponible y aprobada por un comité especial imparcial; la recompra está condicionada al cierre de la oferta y podrÃa estar sujeta a un impuesto especial del 1%.
Las acciones en circulación eran 31,709,821 antes de la operación y serán 31,509,821 después de la oferta y la recompra. Después de la venta, el accionista vendedor poseerá 10,167,286 acciones (~32.3%). La presentación revela que el auditor independiente de la empresa, RSM US LLP, concluyó que la empresa no habÃa mantenido un control interno eficaz sobre la información financiera al 31 de diciembre de 2024.
V2X (VVX)ëŠ� ë§¤ë„ ì£¼ì£¼ê°€ 재íŒë§¤í•˜ëŠ� 보통ì£� 2,000,000주를 ì œê³µí•˜ë©°, 회사ëŠ� 해당 íŒë§¤ë¡œë¶€í„� 수ìµì� 받지 않습니다.
ì¸ìˆ˜ì¸ì€ ë§¤ë„ ì£¼ì£¼ë¡œë¶€í„� 주당 $50.00ì—� 주ì‹ì� 매수하기ë¡� í•©ì˜í•˜ì—¬ ë§¤ë„ ì£¼ì£¼ì—게 ì´ì•¡ $100,000,000ì� ëŒ€ê¸ˆì´ ë°œìƒí•©ë‹ˆë‹�. V2XëŠ� ì¸ìˆ˜ì¸ìœ¼ë¡œë¶€í„� ê·� ì¤� 200,000주를 ë™ì¼í•� ê°€ê²©ì— ìž¬ë§¤ìž…í•˜ê¸°ë¡œ í•©ì˜í–ˆìœ¼ë©�(ì´� $10.0 millionì� 재매ìž�), ì´ëŠ” ë³´ìœ í˜„ê¸ˆìœ¼ë¡œ ìžê¸ˆ 조달ë˜ê³ ì´í•´ê´€ê³„ê°€ 없는 특별위ì›íšŒì˜ 승ì¸ì� 받았습니ë‹�; ìž¬ë§¤ìž…ì€ ê³µëª¨ 종료ë¥� 조건으로 하며 1%ì� 소비세가 ì ìš©ë� ìˆ� 있습니다.
ìœ í†µì£¼ì‹ ìˆ˜ëŠ” 거래 ì � 31,709,821주였ê³� 공모 ë°� 재매ìž� í›� 31,509,821주가 ë©ë‹ˆë‹�. ë§¤ë„ í›� ë§¤ë„ ì£¼ì£¼ëŠ� 10,167,286ì£�(ì•� 32.3%)ë¥� ë³´ìœ í•˜ê²Œ ë©ë‹ˆë‹�. ì œì¶œ 서류ì—는 회사ì� ë…립 ê°ì‚¬ì� RSM US LLPê°€ 2024ë…� 12ì›� 31ì� 기준으로 회사가 ìž¬ë¬´ë³´ê³ ì—� 대í•� ìœ íš¨í•� ë‚´ë¶€í†µì œë¥� ìœ ì§€í•˜ì§€ 못했ë‹�ê³� ê²°ë¡ ì§€ì—ˆë‹¤ê³� 기재ë˜ì–´ 있습니다.
V2X (VVX) propose 2,000,000 actions ordinaires en revente par un actionnaire vendeur ; la société ne recevra aucun produit de cette cession.
Le souscripteur a accepté d'acheter les actions de l'actionnaire vendeur à $50.00 par action, procurant à l'actionnaire vendeur des produits agrégés de $100,000,000. V2X a accepté de racheter 200,000 de ces actions auprès du souscripteur au même prix (un rachat de $10.0 million), financé avec des liquidités disponibles et approuvé par un comité spécial indépendant ; le rachat est conditionné à la clôture de l'offre et peut être assujetti à une taxe d'accise de 1%.
Les actions en circulation s'élevaient à 31,709,821 avant la transaction et seront de 31,509,821 après l'offre et le rachat. Après la vente, l'actionnaire vendeur détiendra 10,167,286 actions (~32.3%). Le dépôt révèle que l'auditeur indépendant de la société, RSM US LLP, a conclu que la société n'avait pas maintenu de contrôle interne efficace sur l'information financière au 31 décembre 2024.
V2X (VVX) bietet 2,000,000 Stammaktien zum Weiterverkauf durch einen veräußernden Aktionär an; das Unternehmen erhält aus diesem Verkauf keine Erlöse.
Der Underwriter hat sich verpflichtet, die Aktien vom veräußernden Aktionär zu $50.00 pro Aktie zu kaufen, wodurch dem veräußernden Aktionär Gesamterlöse von $100,000,000 zufließen. V2X hat zugestimmt, 200,000 dieser Aktien vom Underwriter zum selben Preis zurückzukaufen (ein Rückkauf von $10.0 million), finanziert aus vorhandenen liquiden Mitteln und genehmigt von einem unabhängigen Sonderausschuss; der Rückkauf steht unter der Bedingung des Abschlusses des Angebots und kann einer 1%igen Verbrauchssteuer unterliegen.
Die ausstehenden Aktien beliefen sich vor der Transaktion auf 31,709,821 und werden nach Angebot und Rückkauf 31,509,821 betragen. Nach dem Verkauf wird der veräußernde Aktionär 10,167,286 Aktien (~32.3%) halten. Die Einreichung legt offen, dass der unabhängige Abschlussprüfer der Gesellschaft, RSM US LLP, zu dem Schluss kam, dass das Unternehmen keine wirksame interne Kontrolle über die Finanzberichterstattung zum 31. Dezember 2024 aufrechterhalten hatte.
(To Prospectus dated September 12, 2022)
![[MISSING IMAGE: lg_v2xreg-4c.jpg]](https://www.sec.gov/Archives/edgar/data/0001601548/000110465925075961/lg_v2xreg-4c.jpg)
|
ABOUT THIS PROSPECTUS SUPPLEMENT
|
| | | | S-ii | | |
|
PROSPECTUS SUPPLEMENT SUMMARY
|
| | | | S-1 | | |
|
THE OFFERING
|
| | | | S-3 | | |
|
RISK FACTORS
|
| | | | S-4 | | |
|
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
|
| | | | S-6 | | |
|
USE OF PROCEEDS
|
| | | | S-8 | | |
|
SELLING SHAREHOLDER
|
| | | | S-9 | | |
|
U.S. FEDERAL INCOME TAX CONSIDERATIONS FOR NON-U.S. HOLDERS OF COMMON STOCK
|
| | | | S-10 | | |
|
UNDERWRITING
|
| | | | S-13 | | |
|
WHERE YOU CAN FIND MORE INFORMATION
|
| | | | S-22 | | |
|
INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE
|
| | | | S-23 | | |
|
LEGAL MATTERS
|
| | | | S-24 | | |
|
EXPERTS
|
| | | | S-25 | | |
| | |
Page
|
| |||
ABOUT THIS PROSPECTUS
|
| | | | i | | |
PROSPECTUS SUMMARY
|
| | | | 1 | | |
RISK FACTORS
|
| | | | 2 | | |
FORWARD-LOOKING STATEMENT INFORMATION
|
| | | | 3 | | |
USE OF PROCEEDS
|
| | | | 5 | | |
SELLING SHAREHOLDERS
|
| | | | 6 | | |
PLAN OF DISTRIBUTION
|
| | | | 8 | | |
WHERE TO FIND ADDITIONAL INFORMATION
|
| | | | 10 | | |
INCORPORATION OF CERTAIN INFORMATION BY REFERENCE
|
| | | | 10 | | |
LEGAL MATTERS
|
| | | | 11 | | |
Name of selling shareholder
|
| |
Shares beneficially
owned prior to this offering |
| |
Shares to be sold in
this offering |
| |
Shares beneficially
owned after this offering |
| |||||||||||||||||||||||||||
|
Number
|
| |
Percent
|
| |
Number
|
| |
Percent
|
| |
Number
|
| |
Percent
|
| ||||||||||||||||||||
Vertex Aerospace Holdco LLC(1)
|
| | | | 12,167,286 | | | | | | 38.3% | | | | | | 2,000,000 | | | | | | 6.3% | | | | | | 10,167,286 | | | | | | 32.3% | | |
COMMON STOCK
1875 Campus Commons Drive Suite 305
Reston, Virginia 20191
(719) 591-3600
Attention: Investor Relations [email protected]
| | |
Page
|
| |||
ABOUT THIS PROSPECTUS
|
| | | | i | | |
PROSPECTUS SUMMARY
|
| | | | 1 | | |
RISK FACTORS
|
| | | | 2 | | |
FORWARD-LOOKING STATEMENT INFORMATION
|
| | | | 3 | | |
USE OF PROCEEDS
|
| | | | 5 | | |
SELLING SHAREHOLDERS
|
| | | | 6 | | |
PLAN OF DISTRIBUTION
|
| | | | 8 | | |
WHERE TO FIND ADDITIONAL INFORMATION
|
| | | | 10 | | |
INCORPORATION OF CERTAIN INFORMATION BY REFERENCE
|
| | | | 10 | | |
LEGAL MATTERS
|
| | | | 11 | | |
EXPERTS
|
| | | | 11 | | |
| | |
Prior to the Offering
|
| |
Number of
Shares of Common Stock Being Registered for Resale(2) |
| |
After the Offering
|
| |||||||||||||||||||||
Name of Selling Shareholder
|
| |
Number of
Shares of Common Stock Beneficially Owned |
| |
Percent of
Shares of Common Stock Outstanding(1) |
| |
Number of
Shares of Common Stock Beneficially Owned(3) |
| |
Percent of
Shares of Common Stock Outstanding |
| ||||||||||||||||||
Vertex Aerospace Holdco LLC(4)
|
| | | | 18,591,866 | | | | | | 61.07% | | | | | | 18,500,001 | | | | | | — | | | | | | * | | |
Ally Commercial Finance LLC(5)
|
| | | | 82,223 | | | | | | * | | | | | | 82,223 | | | | | | — | | | | | | * | | |
Cecil B. Duren(6)
|
| | | | 6,166 | | | | | | * | | | | | | 6,166 | | | | | | — | | | | | | * | | |
Tom K. Miller(7)
|
| | | | 1,696 | | | | | | * | | | | | | 1,696 | | | | | | — | | | | | | * | | |
Dennis E. Mirabile(8)
|
| | | | 1,780 | | | | | | * | | | | | | 1,780 | | | | | | — | | | | | | * | | |
2424 Garden of the Gods Road, Suite 300
Colorado Springs, Colorado 80919
(719) 591-3600
Attention: Investor Relations
https://investors.vectrus.com
![[MISSING IMAGE: lg_v2xreg-4c.jpg]](https://www.sec.gov/Archives/edgar/data/0001601548/000110465925075961/lg_v2xreg-4c.jpg)
Source: