MCLEAN,
Va., Nov. 12, 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 $61.00 per share. In connection with the
offering, the selling stockholder has granted the underwriters an
option to purchase up to 375,000 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 November 14, 2024, subject to customary closing
conditions.
Baird, Goldman Sachs & Co. LLC and Morgan Stanley are
serving as lead joint book-running managers for the offering.
BofA Securities, Citigroup, RBC Capital Markets and Stifel are also
serving as joint book-running 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 Baird, 777 East Wisconsin Avenue,
Milwaukee, WI 53202, Attention:
Syndicate Department, Telephone: 800-792-2473, Email:
syndicate@rwbaird.com, 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, or Morgan Stanley & Co. LLC, 180
Varick Street, 2nd Floor, New York,
NY 10014, Attn: Prospectus Department. 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 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:
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; the impact of
the U.S. November 2024 presidential
and congressional elections; 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.
