VirTra (OTCQX: VTSI) recently filed a preliminary offering circular with the Securities and Exchange Commission (SEC) pursuant to the Regulation A framework, which is open to both accredited and unaccredited investors. The company also intends to file an application to uplist its common stock on the NASDAQ Capital Market under the symbol VTSI. The intent in filing is to raise gross proceeds of between $5 million and $10 million by permitting the company to issue new shares of common stock. Boustead Securities, LLC is serving as underwriter for the company. “This potential offering and the launch of our uplisting efforts are key events in our plans to significantly expand our product and service offerings, greatly enhance our sales and marketing efforts, and ensure that VirTra is poised for growth through strategic acquisitions in our current industry, as well as in the broader virtual reality simulation sector,” VirTra CEO Bob Ferris stated in the news release. Additionally, the company this morning reported that it has signed contracts with the U.S. Department of Homeland Security for the United States Customs and Border Protection totaling more than $2.6 million.
To view the full press release, visit: http://nnw.fm/nmV7c
VirTra is a global provider of training simulators for the law enforcement, military, educational and commercial markets. The company’s patented technologies, software and scenarios provide intense training for de-escalation, judgmental use-of-force, marksmanship and related training that mimics real world situations. VirTra’s mission is to save and improve lives worldwide through realistic and highly-effective virtual reality and simulator technology. Learn more about VirTra at www.VirTra.com.
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