Virtra announces closing of $18.0 million registered direct offering

Tempe, ariz., april 08, 2021 (globe newswire) -- virtra, inc . (nasdaq: vtsi) (“virtra”), a global provider of training simulators for the law enforcement, military, educational and commercial markets, today announced that, as of monday, april 5, 2021, the company had closed its previously announced registered direct offering of three million shares of common stock at a price of $6.00 per share, based on the nasdaq “minimum price” rule. the total gross proceeds of the offering were $18.0 million, before deducting the placement agents' fees and other estimated offering expenses.
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