secwatch.observer — SEC 8-K summary
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Issuer:     VirTra, Inc (VTSI)
CIK:        0001085243
Form:       8-K
Filed at:   2021-08-30T23:59:59+00:00
Accession:  0001493152-21-021516
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

VirTra buys Chandler, AZ property for $10.8M, takes $8.6M mortgage at 3%
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- Purchased 76,650 sq ft industrial building on 4.3 acres for $10.8M cash and mortgage.
- $8.6M mortgage from Arizona Bank & Trust at 3% annual interest, matures Aug 23, 2031.
- Monthly payments ~$40,978, balloon payment $5.96M due at maturity.
- Plans to move headquarters within 9 months; expects lower monthly facility costs.
- Current Tempe locations total ~42,860 sq ft; new building has two tenants with multi-year leases.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1085243/000149315221021516/0001493152-21-021516-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1085243/000149315221021516/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-21-021516

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