MCLEAN,
Va., Sept. 4, 2024 /PRNewswire/ -- V2X, Inc.
(NYSE: VVX) ("V2X" or the "company"), a leading provider of global
mission solutions, announced today the pricing of the previously
announced underwritten public offering by a certain selling
stockholder at the public offering price of $48.00 per share. In connection with the
offering, the selling stockholder has granted the underwriters an
option to purchase up to 300,000 additional shares of common stock
from the selling stockholder. V2X is not selling any shares of
common stock in the offering, and V2X will not receive any proceeds
from the offering by the selling stockholder. The offering is
expected to close on or about September 6,
2024, subject to customary closing conditions.
Goldman Sachs & Co. LLC, Morgan Stanley and Baird are
serving as joint book-running managers for the offering.
Raymond James, RBC Capital Markets,
Stifel, and Truist Securities are also serving as joint
book-running managers for the offering. Citizens JMP and Noble
Capital Markets are serving as co-managers for the offering.
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 proposed offering was declared effective by the
Securities and Exchange Commission (the "SEC") on September 12, 2022. A preliminary
prospectus supplement and accompanying prospectus relating to and
describing the terms of the proposed offering have been filed with
the SEC and may be obtained by visiting EDGAR on the SEC's website
at www.sec.gov or by contacting Goldman Sachs & Co. LLC, 200
West Street, New York, NY
10282-2198, Attention: Prospectus Department, Telephone:
866-471-2526, Email: Prospectus-ny@ny.email.gs.com, Morgan Stanley
& Co. LLC, 180 Varick Street, 2nd Floor, New York, NY 10014, Attn: Prospectus
Department, or Baird, 777 East Wisconsin Avenue, Milwaukee, WI 53202, Attention: Syndicate
Department, Telephone: 800-792-2473, Email: syndicate@rwbaird.com.
The final terms of the proposed offering will be disclosed in a
final prospectus supplement to be filed with the SEC.
This press release shall not constitute an offer to sell or the
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.
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 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
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:
the company's ability to submit proposals for and/or win all
potential opportunities in their pipeline; the company's ability to
retain and renew existing contracts; the company'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
U.S. government; protests of new awards; economic, political and
social conditions in the countries in which they conduct their
business; changes in U.S. or international government defense
budgets; government regulations and compliance therewith, including
changes to the Department of Defense procurement process; changes
in technology; the company's ability to protect their intellectual
property rights; governmental investigations, reviews, audits and
cost adjustments; contingencies related to actual or alleged
environmental contamination, claims and concerns; delays in
completion of the U.S. government budget; the company's success in
extending, deepening, and enhancing their technical capabilities;
the company's success in expanding their geographic footprint or
broadening their customer base; the company's ability to realize
the full amounts reflected in their backlog; impairment of
goodwill; misconduct of the company's employees, subcontractors,
agents, prime contractors and business partners; the company's
ability to control costs; the company's level of indebtedness;
terms of the company's credit agreements; inflation and interest
rate risk; geopolitical risk, including as a result of recent
global hostilities; the company's subcontractors' performance;
economic and capital markets conditions; the company's ability to
maintain safe work sites and equipment; the company's ability to
retain and recruit qualified personnel; the company's ability to
maintain good relationships with their workforce; the company's
teaming relationships with other contractors; changes in the
company's accounting estimates; the adequacy of the company's
insurance coverage; volatility in the company's stock price;
changes in the company's tax provisions or exposure to additional
income tax liabilities; risks and uncertainties relating to
integrating and refining internal control systems post-merger;
changes in generally accepted accounting principles; and other
factors described in the company's reports filed on Form 10-K, 10-Q
and 8-K, and other filings the company files with the SEC from time
to time. V2X undertakes no obligation to update any forward-looking
statements, whether as a result of new information, future events
or otherwise, except as required by law.
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.