Virtuix Signs LOI to Acquire Defense Contractor STS International
Virtuix reported that STS International recorded $40 million in unaudited cash-basis revenue through October 2026.
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02:17:52 PM UTC
SquawkNews
VIRTUIX - TO BUY STS INTERNATIONAL FOR $12 MLN BASE CONSIDERATION
02:22:16 PM UTC
SquawkNews
Virtuix signed a non-binding LOI to acquire all equity of STS International for $12M base consideration in cash and equity. STS reported approximately $40M unaudited cash-basis revenue for the 10 months ended Oct. 31, 2026, versus approximately $6.7M for full-year 2025; closing is subject to condit…
02:23:22 PM UTC
SquawkNews
Virtuix Holdings signed a non-binding letter of intent to acquire STS International, which reported approximately $40 million in unaudited cash-basis revenue through October 2026.Key Highlights:Original SEC Filing: Virtuix Holdings Inc. [ VTIX ] - 8-K - Nov. 12, 2026This is an AI-powered summary. I…