secwatch.observer — SEC 8-K summary
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Issuer:     VSE CORP (VSEC)
CIK:        0000102752
Form:       8-K
Filed at:   2024-05-17T23:59:59+00:00
Accession:  0001193125-24-141449
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

VSE Corp prices public offering of 2.11M shares at $71/share; net proceeds ~$162.1M
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- Underwriting agreement for 2,112,676 firm shares plus full exercise of 316,901 optional shares at $71/share.
- Net proceeds estimated at $162.1M after underwriting discounts and commissions.
- Proceeds to repay revolving borrowings (including for Turbine Controls acquisition) and for general corporate purposes.
- Lock-up agreements from executives, directors, and affiliated funds for 90 days.
- Offering expected to close May 17, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/102752/000119312524141449/0001193125-24-141449-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/102752/000119312524141449/d794021d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-141449

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