# Virtuix signs non-binding agreement to buy STS for $12 million base price

_Published Thursday, November 12, 2026 at 11:19 AM EST · Products · Latest · Tier 2 — Notable_

![Virtuix signs non-binding agreement to buy STS for $12 million base price — Primary](https://s.yimg.com/lo/mysterio/api/a5e445017efd176b8fbedc80ccf21529fd7ff90cfedb7211f0bc7b9cd47e5fca/lightyear_networkapi/resizefill_w1200%3Bquality_80%3Bformat_webp/https%3A%2F%2Fmedia.zenfs.com%2Fen%2Fproactive_us_504%2Fd2c971cb2fdf5949b54e1006c85844f7.jpg)

Virtuix signed a non-binding letter of intent to acquire defense contractor STS International for base consideration of $12 million in cash and shares. The proposed transaction would establish a defense division and give its immersive training and simulation business access to government contracting infrastructure.

STS holds a General Services Administration Multiple Award Schedule, SeaPort-NxG contracts and other Department of Defense contracting agreements. It also maintains CMMC Level 2 compliance and a facility clearance supporting classified work.

The proposed purchase covers all STS equity on a debt-free, cash-free basis. Terms include earnouts tied to pending contracts and revenue targets, plus additional equity consideration; the final structure remains subject to change.

## Sources

- [Yahoo Finance](https://finance.yahoo.com/technology/articles/virtuix-acquire-defense-contractor-sts-142100520.html)

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Canonical: https://techandbusiness.org/newswire/u9npXJ2kOxTzNVoFhm9Lf1
Published: 2026-11-12T16:19:21.300Z
Story chronology: 2026-11-12T14:21:00.000Z
Retrieved: 2026-11-12T19:02:19.666Z
Publisher: Tech & Business (techandbusiness.org)