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VirTra launches $18M direct offering

  • VirTra (NASDAQ:VTSI) inks securities purchase agreement with certain institutional investors, to purchase 3M common shares at $6.00/share.
  • The total gross proceeds are $18M.
  • Net proceeds will be used for general corporate purposes, including general working capital.
  • The registered direct offering will close on April 5.
  • Shares down 20.6% after-hours. Yesterday's close was $7.97.

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