VSE prices 4.6 million share offering at $188, raising about $830.2 million net
VSE Corporation agreed on February 2, 2026 to sell 3,989,362 shares of common stock at $188.00 each, and underwriters exercised their option in full for 598,404 more shares. The company estimates net proceeds of about $830.2 million, which it plans to use mainly to fund part of the cash price for its pending PAG Acquisition.
Key points
- Firm shares: 3,989,362 at $188.00 per share; option for 598,404 additional shares exercised in full on February 3, 2026
- Estimated net proceeds of approximately $830.2 million after underwriting discounts and before offering expenses
- Proceeds intended to help fund cash consideration for the PAG Acquisition of PAG HoldCo, parent of Precision Aviation Group; closing expected February 4, 2026
- Executive officers and directors agreed to a 60-day lock-up on sales of common stock, subject to exceptions
The filing
Written by AI on Nov 8, 2026, 7:02 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 04, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.