Virtra announces pricing of $18.0 million registered direct offering

Tempe, ariz., march 31, 2021 (globe newswire) -- virtra, inc. (nasdaq: vtsi), a global provider of training simulators for the law enforcement, military, educational, and commercial markets, today announced that it has entered into a securities purchase agreement with certain institutional investors, to purchase 3 million shares of common stock at a price of $6.00 per share, which is a premium to market based on the nasdaq “minimum price” rule. the total gross proceeds of the offering are $18 million, before deducting the placement agents' fees and other estimated offering expenses.
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