VSE Corp prices 1.98M share offering at $87/sh for ~$163.9M net to fund Kellstrom acquisition

VSE CORP

VSE entered underwriting agreement to sell 1,724,137 shares at $87; underwriters exercised option for 258,620 more.
Net proceeds estimated at $163.9M after underwriting discounts and commissions.
Proceeds to finance portion of cash consideration for previously announced Kellstrom Aerospace Group acquisition.
Offering closed Oct 17, 2024; officers and directors subject to 60-day lock-up on stock sales.
Pending use for acquisition, net proceeds may be used for general corporate purposes or repay revolving debt.

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