NYSE:VVXAerospace & Defense
Why V2X (VVX) Is Up 21.2% After Follow-On Equity Offering Following Profitability Turnaround
Earlier this month, V2X, Inc. filed for a follow-on equity offering of 2,000,000 shares of common stock shortly after reporting a return to profitability in its second-quarter results and reaffirming its full-year revenue guidance.
This sequence of events highlights how the company is taking advantage of renewed financial momentum to strengthen its balance sheet through equity financing.
We'll explore how V2X’s follow-on equity offering, coming right after its profitability turnaround, may...