VirTra Inc: Slips after $18 mln stock deal

Virtra

31/03/2021 10:18

** Shares of the aerospace and defence firm  VTSI.O  fall as
much as 25.22% to $5.96 in premarket trade on $18 mln stock deal
    ** Stock among top pct losers on premarket trade on Nasdaq
    ** Co inks securities purchase agreement with certain
institutional investors, to purchase 3 mln shares of common
stock at $6.00 per share, representing a 24.7% discount to
stock's last close  urn:newsml:reuters.com:*:nGNX924WjY
    ** Offer size represents ~40% of co's free float - Refinitiv
data
   ** Roth Capital Partners acted as the lead placement agent in
this offering, Maxim Group LLC acted as a financial advisor to
co
    ** VTSI's shares hit a two-decade high on Tuesday after
posting a bigger-than expected Q4 revenue  urn:newsml:reuters.com:*:nGNX7w37PX
    ** Up to last close, stock has nearly doubled YTD

 (Reporting by Rithika Krishna in Bengaluru)
 ((Rithika.Krishna@thomsonreuters.com;))