---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-038592"
form_type: "8-K"
ticker: "VSEC"
cik: "0000102752"
company_name: "VSE CORP"
filed_at: "2026-02-05T23:59:59+00:00"
generated_at: "2026-05-16T04:14:59.664627+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-26-038592
- form_type: 8-K
- ticker: VSEC
- cik: 0000102752
- company_name: VSE CORP
- filed_at: 2026-02-05T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/102752/000119312526038592/0001193125-26-038592-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/102752/000119312526038592/d31199d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-038592
- JSON: https://secwatch.observer/filing/0001193125-26-038592.json
- Plain text: https://secwatch.observer/filing/0001193125-26-038592.txt

## Key facts
- Material Agreements
  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
  source text: 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).
  evidence_url: https://www.sec.gov/Archives/edgar/data/102752/000119312526038592/0001193125-26-038592-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.