VirTra a global provider of training simulators for the law enforcement, military, educational and commercial markets, today announced that on Tuesday, October 10, 2017, it 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 with 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.
We intend to apply to list our common stock on the Nasdaq Capital Market under the symbol “VTSI” after we register our common stock under the Securities Exchange Act of 1934, as amended (“Exchange Act”), upon the qualification of this offering. Our common stock will not commence trading on Nasdaq until we are accepted, which is determined by Nasdaq qualification requirements and by the Nasdaq selection committee. There is no assurance that our common stock will be registered under the Exchange Act or, if registered under the Exchange Act, that our listing application will be approved by the Nasdaq. We will not consummate and close this offering without a listing approval letter from Nasdaq.
VirTra's common stock currently trade on OTCQX® Best Market.