TEMPE, Ariz., Oct. 11, 2017 (GLOBE NEWSWIRE) -- VirTra, Inc. (VTSI), (“VirTra”), a global provider of training simulators for the law enforcement, military, educational and commercial markets, today announced it has applied to list its common stock on the Nasdaq Capital Market. Upon qualification by the Securities and Exchange Commission (the “SEC”) of its planned Regulation A+ offering of common stock underwritten by Boustead Securities, LLC and to be hosted at www.flashfunders.com, VTSI plans to raise a minimum of $5,000,000 and a maximum of $10,000,000 pursuant to an Offering Statement filed with the SEC on September 11, 2017.
"We believe listing on the Nasdaq will provide our company with increased exposure to potential investors, greater liquidity for shareholders and enhanced access to growth capital,” said Bob Ferris, Chairman of the Board and Chief Executive Officer of VirTra.
VirTra intends to apply to list its common stock on the Nasdaq Capital Market under the symbol “VTSI” after they registering their common stock under the Securities Exchange Act of 1934, as amended (“Exchange Act”), and upon the qualification of this offering. The VTSI common stock will not commence trading until accepted by Nasdaq, which is determined by Nasdaq qualification requirements and by the Nasdaq selection committee. There is no assurance that VirTra's common stock will be registered under the Exchange Act or, if registered under the Exchange Act, that its listing application will be approved by the Nasdaq. VirTra will not consummate and close this offering without a listing approval letter from Nasdaq.
VirTra's common stock currently trades on the OTCQX® Best Market.
Boustead Securities Contact:
Dan McClory, Managing Director, Head of Equity Capital Markets +1 949-233-7869 dan@boustead1828.com
FlashFunders Contact:
Brian Park, President +1 310-467-0049 brian@flashfunders.com
About FlashFunders | www.flashfunders.com
FlashFunders is an online platform that enables companies to publicly raise capital from everyone, including accredited investors, non-accredited investors, and international investors. FlashFunders has built the technology and regulatory infrastructure to facilitate any type of distributed securities offering including Reg A+, Reg D, and Reg CF. As a FINRA registered Broker-Dealer, Clearing Firm, Funding Portal and Transfer Agent, FlashFunders and its subsidiaries provide an end-to-end resource for companies raising capital.
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