V2X, INC. ANNOUNCES SALE OF 2,000,000 SHARES OF COMMON STOCK IN SECONDARY OFFERING BY VERTEX AEROSPACE
V2X (NYSE: VVX) announced a secondary offering where Vertex Aerospace Holdco LLC will sell 2 million shares of V2X common stock. The underwriter, RBC Capital Markets, also has an option to purchase up to 300,000 additional shares. V2X will not receive any proceeds from this offering as they are not selling any shares. The offering is expected to close around May 19, 2025.
After the offering, Vertex Aerospace will maintain a significant stake in V2X, owning approximately 38.4% of outstanding common stock (or 37.4% if the underwriter exercises its full option). The shares will be offered through various methods, including direct sales, brokerage transactions on NYSE, or negotiated transactions at market-related prices.
V2X (NYSE: VVX) ha annunciato un'offerta secondaria in cui Vertex Aerospace Holdco LLC venderà 2 milioni di azioni di azioni ordinarie V2X. L'intermediario finanziario, RBC Capital Markets, ha inoltre un'opzione per acquistare fino a 300.000 azioni aggiuntive. V2X non riceverà alcun ricavato da questa offerta poiché non sta vendendo azioni. La chiusura dell'offerta è prevista intorno al 19 maggio 2025.
Dopo l'offerta, Vertex Aerospace manterrà una partecipazione significativa in V2X, detenendo circa il 38,4% delle azioni ordinarie in circolazione (o il 37,4% se l'intermediario eserciterà l'intera opzione). Le azioni saranno offerte tramite diversi metodi, inclusi vendite dirette, transazioni di intermediazione sul NYSE o negoziazioni a prezzi di mercato.
V2X (NYSE: VVX) anunció una oferta secundaria donde Vertex Aerospace Holdco LLC venderá 2 millones de acciones comunes de V2X. El suscriptor, RBC Capital Markets, también tiene una opción para comprar hasta 300,000 acciones adicionales. V2X no recibirá ingresos de esta oferta ya que no está vendiendo acciones. Se espera que la oferta cierre alrededor del 19 de mayo de 2025.
Después de la oferta, Vertex Aerospace mantendrá una participación significativa en V2X, poseyendo aproximadamente el 38.4% de las acciones comunes en circulación (o el 37.4% si el suscriptor ejerce su opción completa). Las acciones se ofrecerán mediante diversos métodos, incluyendo ventas directas, transacciones de corretaje en NYSE o transacciones negociadas a precios relacionados con el mercado.
V2X (NYSE: VVX)는 Vertex Aerospace Holdco LLC가 V2X 보통주 200만 주를 매각하는 2차 공모를 발표했습니다. 인수자인 RBC Capital Markets는 추가로 30만 주까지 구매할 수 있는 옵션도 보유하고 있습니다. V2X는 이번 공모에서 주식을 판매하지 않아 수익을 받지 않습니다. 공모는 2025년 5월 19일경에 마감될 예정입니다.
공모 후 Vertex Aerospace는 V2X의 상당한 지분을 유지하며, 발행 주식의 약 38.4%를 소유하게 됩니다(인수자가 옵션을 전부 행사할 경우 37.4%). 주식은 직접 판매, NYSE 중개 거래, 시장 가격에 따른 협상 거래 등 다양한 방법으로 제공될 예정입니다.
V2X (NYSE : VVX) a annoncé une offre secondaire dans laquelle Vertex Aerospace Holdco LLC vendra 2 millions d’actions ordinaires V2X. Le souscripteur, RBC Capital Markets, dispose également d’une option pour acheter jusqu’à 300 000 actions supplémentaires. V2X ne recevra aucun produit de cette offre car elle ne vend pas d’actions. La clôture de l’offre est prévue autour du 19 mai 2025.
Après l’offre, Vertex Aerospace conservera une participation significative dans V2X, détenant environ 38,4 % des actions ordinaires en circulation (ou 37,4 % si le souscripteur exerce pleinement son option). Les actions seront proposées par divers moyens, notamment des ventes directes, des transactions de courtage sur le NYSE ou des transactions négociées à des prix liés au marché.
V2X (NYSE: VVX) gab eine Sekundärplatzierung bekannt, bei der Vertex Aerospace Holdco LLC 2 Millionen Aktien der V2X-Stammaktien verkauft. Der Underwriter, RBC Capital Markets, hat zudem eine Option zum Kauf von bis zu 300.000 zusätzlichen Aktien. V2X erhält aus diesem Angebot keine Erlöse, da keine Aktien von V2X selbst verkauft werden. Der Abschluss der Platzierung wird für etwa 19. Mai 2025 erwartet.
Nach der Platzierung wird Vertex Aerospace weiterhin eine bedeutende Beteiligung an V2X halten und etwa 38,4% der ausstehenden Stammaktien besitzen (bzw. 37,4%, falls der Underwriter seine volle Option ausübt). Die Aktien werden über verschiedene Methoden angeboten, darunter Direktverkäufe, Brokerage-Transaktionen an der NYSE oder verhandelte Transaktionen zu marktüblichen Preisen.
- Vertex Aerospace maintains significant ownership (38.4%) after the offering, showing continued commitment to V2X
- No dilution for existing shareholders as V2X is not issuing new shares
- Large shareholder reducing position could signal decreased confidence
- Potential downward pressure on stock price due to increased supply of shares in the market
Insights
Major shareholder Vertex Aerospace selling 2M shares, reducing stake from ~42% to 38.4%; V2X receives no proceeds from transaction.
This secondary offering represents a significant ownership shift for V2X, with Vertex Aerospace reducing its holdings by 2 million shares (potentially 2.3 million if the underwriter exercises its full option). While Vertex will remain the largest shareholder with approximately 38.4% ownership post-transaction, this represents a material reduction from their current position of likely over 42%.
The transaction is structured as a purely secondary offering, meaning V2X itself isn't selling any shares and won't receive any proceeds. This indicates the sale is driven by Vertex Aerospace's liquidity needs or portfolio rebalancing rather than the company's capital requirements.
For existing shareholders, this transaction creates potential downward pressure on V2X's stock price in the near term due to the increased supply of shares hitting the market. The underwriting approach, where RBC Capital Markets will offer shares through various methods including direct sales, brokerage transactions, and negotiated deals, suggests they'll work to place these shares strategically to minimize market disruption.
This type of staged exit by a major shareholder is not uncommon following acquisitions or investments that have matured. While Vertex Aerospace is reducing its position, their continued 38.4% ownership demonstrates they're maintaining a substantial long-term interest in V2X, which should provide some reassurance to the market about their confidence in the company's fundamentals.
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.
Following the offering, Vertex Aerospace will continue to beneficially own 12,167,286 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 www.sec.gov. 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 and 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; the 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
IR@goV2X.com
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SOURCE V2X, Inc.
FAQ
How many shares is Vertex Aerospace selling in the VVX secondary offering?
What percentage of V2X stock will Vertex Aerospace own after the secondary offering?
Will V2X receive any proceeds from the Vertex Aerospace secondary offering?
Who is the underwriter for the V2X secondary offering?
When is the V2X secondary offering expected to close?
