secwatch.observer — SEC 8-K summary
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Issuer:     VirTra, Inc (VTSI)
CIK:        0001085243
Form:       8-K/A
Filed at:   2021-08-30T23:59:59+00:00
Accession:  0001493152-21-021549
Event type: other_material
Sentiment:  positive
Materiality: 0.55
Item codes: 2.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

VirTra purchases Chandler industrial building for $10.8M as new headquarters, obtains $8.6M mortgage
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- Acquired 76,650 sq ft building on 4.3 acres for $10.8M; $8.6M financed with mortgage at 3.00%, due 2031.
- New Chandler HQ to support growth in simulator production, recoil kit development, and training content creation.
- Company expects move-in within nine months, sub-lease existing 42,860 sq ft Tempe offices; long-term cost savings expected.
- Monthly payments of ~$40,978 begin Sep 23, 2021; balloon payment of ~$5.96M due Aug 23, 2031.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1085243/000149315221021549/0001493152-21-021549-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1085243/000149315221021549/form8-ka.htm
  HTML page:      https://secwatch.observer/filing/0001493152-21-021549

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer