VSE Corp prices 4.59M-share offering at $188; net proceeds ~$830M for PAG acquisition

VSE CORP

Underwriting agreement for 3,989,362 shares at $188 per share; overallotment of 598,404 shares exercised in full.
Estimated net proceeds of $830.2 million after underwriting discounts and commissions.
Proceeds to fund a portion of cash consideration for previously announced PAG HoldCo (Precision Aviation Group) acquisition.
Company is also conducting a concurrent tangible equity unit offering; proceeds combined for acquisition funding.
Executive officers and directors subject to 60-day lock-up on sales of common stock.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

VSE CORP entered into Underwriting Agreement with Jefferies LLC and RBC Capital Markets, LLC, acting as representatives of the several underwriters named therein valued at approximately $830.2 million (effective 2026-02-02).

Action: entry
Agreement: underwriting
Counterparty: Jefferies LLC and RBC Capital Markets, LLC, acting as representatives of the several underwriters named therein
Value: approximately $830.2 million
Effective: 2026-02-02

Exact text from the filing

On February 2, 2026, VSE Corporation (the “Company”) entered into an Underwriting Agreement (the “Underwriting Agreement”) with Jefferies LLC and RBC Capital Markets, LLC, acting as representatives of the several underwriters named therein (the “Underwriters”), pursuant to which the Company agreed to issue and sell (the “Offering”) 3,989,362 shares (the “Firm Shares”) of the Company’s common stock, par value $0.05 per share (the “Common Stock”), at a price to the public of $188.00 per share.

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VSE CORP filing history →

Source: SEC EDGAR

accession 0001193125-26-036858

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