🟢 VTIX soars 8.39% after forming special committee to explore acquisitions in defense sector

VTIX is trading at $3.96 (+8.39%) after the company announced a major strategic initiative to enter the defense training market.

• The company's Board of Directors has formed a special committee to evaluate potential acquisitions in the defense training and simulation industry.
• Virtuix is reportedly in advanced-stage discussions with multiple targets, focusing on companies that can provide access to government contracts and recurring revenues.
• The move is aimed at accelerating revenue growth and expanding the company's access to government contracts.