V2X, INC. ANNOUNCES SALE OF APPROXIMATELY 2.0 MILLION SHARES OF COMMON STOCK IN SECONDARY OFFERING BY VERTEX AEROSPACE
V2X (NYSE:VVX) announced that Vertex Aerospace Holdco LLC is selling 2,004,569 shares of V2X common stock in an underwritten secondary offering.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
V2X (NYSE:VVX) announced that Vertex Aerospace Holdco LLC is selling 2,004,569 shares of V2X common stock in an underwritten secondary offering.
V2X will not sell shares and will receive no proceeds; Morgan Stanley is sole underwriter and the offering is expected to close on or about May 8, 2026. After the sale, an affiliate of Vertex Aerospace will still beneficially own 375,420 shares (approximately 1.2%).
Positive
- Transaction completed via underwritten offering with Morgan Stanley as sole underwriter
- Remaining affiliate ownership of 375,420 shares (≈1.2%) ensures continued minor insider stake
Negative
- V2X will receive no proceeds from the sale
- Sale increases public float by 2,004,569 shares, potentially adding near-term selling supply
Details
News Market Reaction – VVX
On May 8, the first trading day after this news, VVX closed 7.06% below the previous close.
Data tracked by StockTitan Argus for the May 8 session.
Key Figures
- Shares offered
- 2,004,569 shares
- Underwritten secondary offering by Vertex Aerospace
- Remaining beneficial holding
- 375,420 shares
- Entity affiliated with Vertex Aerospace after offering
- Post-offering ownership
- 1.2%
- Affiliated entity’s stake in V2X outstanding common stock
- Form S-3 file number
- 333-267223
- Effective shelf registration used for this secondary
Previous Offering Reports
-
Vertex Aerospace sold 2.25M VVX shares in an underwritten secondary.
-
Secondary public offering priced at $61.00 per share by selling holder.
-
Proposed 2.5M-share underwritten offering by selling stockholder announced.
-
Secondary offering priced at $48.00 with option for extra 300k shares.
-
Proposed 2.0M-share secondary by selling stockholder under effective registration.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
secondary offering financial
underwritten basis financial
registration statement on form s-3 regulatory
prospectus regulatory
securities and exchange commission regulatory
common stock financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
Morgan Stanley is acting as the sole underwriter for the offering. Morgan Stanley intends to offer the shares of common stock to the public at a fixed price, which may be changed at any time without notice.
Following the offering, Vertex Aerospace will not own any shares of V2X common stock. An entity affiliated with Vertex Aerospace will, however, continue to beneficially own 375,420 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, Morgan Stanley will arrange to send you the prospectus if you request it by writing Morgan Stanley & Co. LLC, Attn: Prospectus Department, 180 Varick Street, 2nd 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, 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 V2X's 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 its pipeline; V2X's ability to retain and renew its existing contracts; V2X's ability to compete with other companies in its market; security breaches, cyber-attacks or cyber intrusions, and other disruptions to V2X's information technology and operation; V2X's mix of cost-plus, cost-reimbursable, firm-fixed-price and time-and-materials contracts; maintaining V2X's reputation and relationship with the
V2X, Inc.
Mike Smith
Vice President, Treasury, Corporate Development and Investor Relations
1-719-637-5773
IR@goV2X.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/v2x-inc-announces-sale-of-approximately-2-0-million-shares-of-common-stock-in-secondary-offering-by-vertex-aerospace-302766250.html
SOURCE V2X, Inc.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.