Form SC 13D/A - General Statement of Acquisition of Beneficial Ownership: [Amend]

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13D

(Rule 13d-101)

Information to be Included in Statements Filed Pursuant to Rule 13d-1(a) and

Amendments Thereto Filed Pursuant to Rule 13d-2(a)

Under the Securities Exchange Act of 1934

(Amendment No. 4)

 

 

V2X, Inc.

(Name of Issuer)

Common Stock, par value $0.01 per share

(Title of Class of Securities)

92242T 101

(CUSIP Number)

Joel M. Rotroff

American Industrial Partners

450 Lexington Avenue, 40th Floor

New York, New York 10017

[phone]

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

November 14, 2024

(Date of Event Which Requires Filing of this Statement)

 

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box. ☐

 

 

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.

 

 

 

 

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1		NAMES OF REPORTING PERSONS    American Industrial Partners Capital Fund VI, L.P.
2		CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP  (a) ☒  (b) ☐
3		SEC USE ONLY
4		SOURCE OF FUNDS (SEE INSTRUCTIONS)    OO (See Item 3)
5		CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)    ☐
6		CITIZENSHIP OR PLACE OF ORGANIZATION    Delaware

NUMBER OF SHARES BENEFICIALLY  OWNED BY EACH REPORTING PERSON WITH				7		SOLE VOTING POWER    0
				8		SHARED VOTING POWER    13,791,866 (1)(2)
				9		SOLE DISPOSITIVE POWER    0
				10		SHARED DISPOSITIVE POWER    13,700,001 (1)

11		AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON    13,791,866 (1)(2)
12		CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)    ☐
13		PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)    43.7% (3)
14		TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)    PN

 

(1)	Includes (i) 13,700,001 shares owned directly by Vertex Aerospace Holdco LLC (“Vertex Holdco”) and indirectly by American Industrial Partners Capital Fund VI, L.P. (“AIP Fund VI”) and AIPCF VI Vertex Aerospace Funding LP (“Vertex Funding”).

(2)	Includes 91,865 shares over which Vertex Holdco holds an irrevocable proxy that entitles it to vote the shares with respect to certain matters. See Item 6 of the Original Schedule 13D.

(3)	Based on 31,560,490 shares of Common Stock outstanding as of November 8, 2024.

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1		NAMES OF REPORTING PERSONS    AIPCF VI Vertex Aerospace Funding LP
2		CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP  (a) ☒  (b) ☐
3		SEC USE ONLY
4		SOURCE OF FUNDS (SEE INSTRUCTIONS)    OO (See Item 3)
5		CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)    ☐
6		CITIZENSHIP OR PLACE OF ORGANIZATION    Delaware

NUMBER OF SHARES BENEFICIALLY  OWNED BY EACH REPORTING PERSON WITH				7		SOLE VOTING POWER    0
				8		SHARED VOTING POWER    13,791,866 (1)(2)
				9		SOLE DISPOSITIVE POWER    0
				10		SHARED DISPOSITIVE POWER    13,700,001 (1)

11		AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON    13,791,866 (1)(2)
12		CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)    ☐
13		PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)    43.7% (3)
14		TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)    PN

 

(1)	Includes (i) 13,700,001 shares owned directly by Vertex Aerospace Holdco LLC (“Vertex Holdco”) and indirectly by American Industrial Partners Capital Fund VI, L.P. (“AIP Fund VI”) and AIPCF VI Vertex Aerospace Funding LP (“Vertex Funding”).

(2)	Includes 91,865 shares over which Vertex Holdco holds an irrevocable proxy that entitles it to vote the shares with respect to certain matters. See Item 6 of the Original Schedule 13D.

(3)	Based on 31,560,490 shares of Common Stock outstanding as of November 8, 2024.

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1		NAMES OF REPORTING PERSONS    Vertex Aerospace Holdco LLC
2		CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP  (a) ☒  (b) ☐
3		SEC USE ONLY
4		SOURCE OF FUNDS (SEE INSTRUCTIONS)    OO (See Item 3)
5		CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)    ☐
6		CITIZENSHIP OR PLACE OF ORGANIZATION    Delaware

NUMBER OF SHARES BENEFICIALLY  OWNED BY EACH REPORTING PERSON WITH				7		SOLE VOTING POWER    0
				8		SHARED VOTING POWER    13,791,866 (1)
				9		SOLE DISPOSITIVE POWER    0
				10		SHARED DISPOSITIVE POWER    13,700,001

11		AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON    13,791,866 (1)
12		CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)    ☐
13		PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)    43.7% (2)
14		TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)    OO

 

(1)	Includes 91,865 shares over which Vertex Holdco holds an irrevocable proxy that entitles it to vote the shares with respect to certain matters. See Item 6 of the Original Schedule 13D.

(2)	Based on 31,560,490 shares of Common Stock outstanding as of November 8, 2024.

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1		NAMES OF REPORTING PERSONS    AIPCF VI, LLC
2		CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP  (a) ☒  (b) ☐
3		SEC USE ONLY
4		SOURCE OF FUNDS (SEE INSTRUCTIONS)    OO (See Item 3)
5		CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)    ☐
6		CITIZENSHIP OR PLACE OF ORGANIZATION    Delaware

NUMBER OF SHARES BENEFICIALLY  OWNED BY EACH REPORTING PERSON WITH				7		SOLE VOTING POWER    0
				8		SHARED VOTING POWER    14,167,286 (1)(2)
				9		SOLE DISPOSITIVE POWER    0
				10		SHARED DISPOSITIVE POWER    14,075,421 (1)

11		AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON    14,167,286 (1)(2)
12		CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)    ☐
13		PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)    44.9% (3)
14		TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)    OO

 

(1)

Includes (i) 13,700,001 shares owned directly by Vertex Aerospace Holdco LLC (“Vertex Holdco”) and indirectly by American Industrial Partners Capital Fund VI, L.P. (“AIP Fund VI”) and AIPCF VI Vertex Aerospace Funding LP (“Vertex Funding”), and (ii) 375,420 shares owned directly by Lightship Capital LLC (“Lightship”). As described in Item 2 herein, each of AIP Fund VI, Vertex Funding, Vertex Holdco and Lightship are under common control of AIPCF VI, LLC (“AIP GP” and, together with AIP Fund VI, Vertex Funding, Vertex Holdco and Lightship, the “Reporting Persons”).

(2)	Includes 91,865 shares over which Vertex Holdco holds an irrevocable proxy that entitles it to vote the shares with respect to certain matters. See Item 6 of the Original Schedule 13D.

(3)	Based on 31,560,490 shares of Common Stock outstanding as of November 8, 2024.

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1		NAMES OF REPORTING PERSONS    Lightship Capital LLC
2		CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP  (a) ☒  (b) ☐
3		SEC USE ONLY
4		SOURCE OF FUNDS (SEE INSTRUCTIONS)    OO (See Item 3)
5		CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)    ☐
6		CITIZENSHIP OR PLACE OF ORGANIZATION    Delaware

NUMBER OF SHARES BENEFICIALLY  OWNED BY EACH REPORTING PERSON WITH				7		SOLE VOTING POWER    0
				8		SHARED VOTING POWER    375,420
				9		SOLE DISPOSITIVE POWER    0
				10		SHARED DISPOSITIVE POWER    375,420

11		AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON    375,420
12		CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)    ☐
13		PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)    1.2% (1)
14		TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)    OO

 

(1)	Based on 31,560,490 shares of Common Stock outstanding as of November 8, 2024.

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Explanatory Note

This Amendment No. 4 to the statement on beneficial ownership on Schedule 13D (this “Amendment No. 4”) amends and supplements the information set forth in the Statement on Schedule 13D filed by the Reporting Persons with the SEC on July 15, 2022, as amended by Amendment No. 1 thereto filed by the Reporting Person with the SEC on September 15, 2022, Amendment No. 2 thereto filed by the Reporting Person with the SEC on September 10, 2024 and Amendment No. 3 thereto filed by the Reporting Person with the SEC on September 16, 2024 (collectively, the “Original Schedule 13D”). All capitalized terms contained herein but not otherwise defined shall have the meanings ascribed to such terms in the Original Schedule 13D. Except as specifically provided herein, this Amendment No. 4 does not modify any of the information previously reported in the Original Schedule 13D.

 

Item 4.

Purpose of the Transaction

Item 4 of the Original Schedule 13D is hereby amended and supplemented as by adding the following immediately prior to last paragraph thereof:

On November 12, 2024, in connection with a registered secondary public offering (the “November 2024 Secondary Offering”) of Common Stock of the Issuer, Vertex Holdco entered into an underwriting agreement (the “November 2024 Underwriting Agreement”) with the Issuer, Robert W. Baird & Co. Incorporated, Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC, as representatives of the several underwriters listed on Schedule II thereto (the “November 2024 Underwriters”). Pursuant to the November 2024 Underwriting Agreement, Vertex Holdco agreed to sell to the November 2024 Underwriters, and the November 2024 Underwriters agreed to purchase from Vertex Holdco, subject to and upon the terms and conditions set forth therein, 2,500,000 shares of Common Stock at a price of $58.1025 per share. In addition, pursuant to the November 2024 Underwriting Agreement, the November 2024 Underwriters have a 30-day option to purchase up to an additional 375,000 shares of Common Stock on the same terms. The sale of the 2,500,000 shares in the November 2024 Secondary Offering closed on November 14, 2024.

In connection with the November 2024 Secondary Offering, Vertex Holdco entered into a lock-up agreement (the “November 2024 Lock-up Agreement”) with the November 2024 Underwriters. Under the November 2024 Lock-up Agreement, Vertex Holdco agreed, subject to certain exceptions, not to offer, sell, contract to sell, pledge or otherwise dispose of any shares of Common Stock for 60 days after November 12, 2024.

The foregoing descriptions of the November 2024 Underwriting Agreement and November 2024 Lock-up Agreement do not purport to be complete and are qualified in their entirety by reference to the full text of the November 2024 Underwriting Agreement, which includes the form of the November 2024 Lock-up Agreement as an exhibit, and which is filed as Exhibit 99.8 hereto.

 

Item 5.

Interest in Securities of the Issuer

Paragraphs (a), (b) and (c) of Item 5 of the Original Schedule 13D is hereby amended and restated in its entirety to read as follows:

(a) and (b) – The responses of the Reporting Persons to Rows (7) through (11), and (13) of the cover pages of this Amendment No. 4 are incorporated herein by reference. The Reporting Persons may be deemed to beneficially own an aggregate of 14,167,286 shares of Common Stock. This amount consists of: (i) 13,700,001 shares of Common Stock held directly by Vertex Holdco and indirectly by AIP Fund VI and Vertex Funding; (ii) 375,420 shares of Common Stock held directly by Lightship; and (iii) 91,865 shares of Common Stock over which Vertex Holdco holds an irrevocable proxy that entitles it to vote the shares with respect to certain matters (described further in Item 6 of the Original Schedule 13D, under the header “Shareholders Agreement”). In its capacity as the general partner of each of AIP Fund VI and Credit Opportunity Fund, AIP GP may be deemed to indirectly beneficially own all 14,167,286 shares of Common Stock reported herein. The aggregate percentage of shares of Common Stock reported as beneficially owned by the Reporting Persons was calculated based on 31,560,490 shares of Common Stock issued and outstanding as of November 8, 2024, as disclosed in the Issuer’s preliminary prospectus supplement filed with the SEC on November 14, 2024 pursuant to Rule 424(b)(5) under the Securities Act of 1933, as amended.

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(c) – Except for the sale of 2,500,000 shares of Common Stock in the November 2024 Secondary Offering pursuant to the November 2024 Underwriting Agreement, none of the Reporting Persons have effected any transaction in the Common Stock during the past 60 days.

 

Item 6.

Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

Item 6 of the Original Schedule 13D is hereby amended and supplemented to add the following at the end thereof:

The description of the November 2024 Underwriting Agreement included in Item 4 above is incorporated by reference into this Item 6.

 

Item 7.

Materials to be Filed as Exhibits

Item 7 of the Original Schedule 13D is hereby amended and supplemented by adding the following after Exhibit No. 99.7:

 

99.8		Underwriting Agreement, dated November 12, 2024, by and among the Issuer, Robert W. Baird & Co. Incorporated, Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC, as representatives of the several Underwriters, and Vertex Holdco, as the selling shareholder (incorporated by reference to Exhibit 1.1 to the Current Report on Form 8-K filed by the Issuer with the SEC on November 14, 2024).

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Signature

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

Dated: November 18, 2024				American Industrial Partners Capital Fund VI, L.P. By: AIPCF VI, LLC, its general partner
				By:		/s/ Stan Edme
				Name:		Stan Edme
				Title:		Managing Member and VP
Dated: November 18, 2024				AIPCF VI Vertex Aerospace Funding LP By: AIP Vertex GP LLC, its general partner
				By:		/s/ Stan Edme
				Name:		Stan Edme
				Title:		Managing Member and VP
Dated: November 18, 2024				Vertex Aerospace Holdco LLC
				By:		/s/ Joel M. Rotroff
				Name:		Joel M. Rotroff
				Title:		President
Dated: November 18, 2024				AIPCF VI, LLC
				By:		/s/ Stan Edme
				Name:		Stan Edme
				Title:		Managing Member and VP
Dated: November 18, 2024				Lightship Capital LLC
				By:		/s/ Stan Edme
				Name:		Stan Edme
				Title:		VP

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