February 5, 2026 -- B. Riley Securities, Inc. announced it served as bookrunner on VSE Corporation's ("VSE") (NASDAQ: VSEC) upsized underwritten public equity offerings, consisting of a $750 million common stock follow-on offering and a concurrent $400 million offering of 5.750% tangible equity units, for total gross proceeds of $1.15 billion, excluding overallotments.
The common stock offering included 3,989,362 shares priced at $188.00 per share, and the Units offering included 8,000,000 tangible equity units with an aggregate stated amount of $400 million. VSE granted the underwriters a 30-day option to purchase up to an additional 598,404 shares of common stock and 1,200,000 units, representing up to approximately $130 million of additional proceeds.
VSE intends to use the proceeds to fund a portion of its previously announced acquisition of Precision Aviation Group, further strengthening its position as a leading provider of aviation aftermarket distribution and repair services for the commercial, business, and general aviation markets.
VSE's common stock is listed on The Nasdaq Global Select Market under the symbol VSEC, and the Units have been approved for listing under the symbol VSECU.
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