Virtuix Holdings Inc. /
STS International, Inc.

Virtuix Holdings Inc. signed a non-binding letter of intent to acquire STS International, Inc., a defense technology and services company. The proposed transaction covers all outstanding equity interests and remains subject to a definitive agreement and final due diligence.

The contemplated base consideration is $12 million, with a combination of cash and equity. The LOI also contemplates potential earnout payments and additional shares.

1. 12 Nov 2026

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