VSE Corp. (VSEC) Announces Proposed Share Offering

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VSE Corporation Announces Public Offering of Common Stock

October 15, 2024 4:01 PM EDT

ALEXANDRIA, Va.--(BUSINESS WIRE)-- VSE Corporation (VSE or the Company) (NASDAQ: VSEC), a leading provider of aftermarket distribution and repair services, announced today that it has commenced an underwritten public offering, subject to market and other conditions, of shares of its common stock pursuant to an effective shelf registration statement. In addition, VSE intends to grant the underwriters a 30-day option to purchase up to an additional 15% of the shares of common stock offered in the public offering.

VSE intends to use the net proceeds from this offering to finance a... More