VSE raises $446.2M in tangible equity units offering to fund PAG acquisition

VSE CORP

Net proceeds ~$446.2M from 9,200,000 tangible equity units at $50/unit.
Each unit consists of a prepaid stock purchase contract and an amortizing note with 5.75% annual yield.
Proceeds will fund part of cash consideration for previously announced PAG HoldCo (Precision Aviation Group) acquisition.
Units begin trading on Nasdaq under symbol VSECU on February 5, 2026.
Executive officers and directors subject to 60-day lock-up agreements on stock sales.

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 valued at 8,000,000 tangible equity units at $50.00 per Unit; underwriters also granted option to purchase up (effective 2026-02-02).

Action: entry
Agreement: underwriting
Counterparty: Jefferies LLC and RBC Capital Markets, LLC
Value: 8,000,000 tangible equity units at $50.00 per Unit; underwriters also granted option to purchase up
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”) 8,000,000 tangible equity units (the “Firm Units”) of the Company, at the stated amount of $50.00 per Unit (as defined below).

View on SEC.gov

329 material agreements filed in the last 30 days. Browse all material agreements →

VSE CORP filing history →

Source: SEC EDGAR

accession 0001193125-26-038592

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