Ballistic Recovery Systems (CE) (USOTC:BRSI)
Historical Stock Chart
From Jul 2019 to Jul 2024
![Click Here for more Ballistic Recovery Systems (CE) Charts. Click Here for more Ballistic Recovery Systems (CE) Charts.](/p.php?pid=staticchart&s=NO%5EBRSI&p=8&t=15)
Ballistic Recovery Systems, Inc. (OTCBB:BRSI) announced that it has
closed on $1,327,000 gross proceeds of a private placement as part of a
$3 million offering of its equity securities through a private placement
agent. Pursuant to such offering, BRS issued 975,736 shares of common
stock and five year warrants to purchase 243,934 shares of common stock
at $2.00 per share.
This press release does not constitute an offer to sell or a
solicitation of an offer to buy and securities of BRS. The securities
sold in these issuances were not registered under the Securities Act and
therefore may not be offered or sold in the United States absent
registration or an applicable exemption from registration requirements.
BRS is a South St. Paul, Minnesota, based company that designs,
manufactures and distributes whole-plane emergency parachute systems for
use on general aviation and recreational aircraft. Since 1981, BRS has
delivered more than 23,000 parachute systems to aircraft owners around
the world including over 2,900 systems on certified aircraft like the
Cirrus Design aircraft manufactured in Duluth, Minnesota. To date, BRS
parachute recovery systems have been credited with saving the lives of
198 pilots and passengers.
The forward looking matters discussed here should be considered subject
to risks and uncertainties, including market fluctuations, pricing,
procurement, manufacturing efficiencies, and other risks that could
cause the actual results to differ materially from those projected. For
more information, review the company’s filings
with the Securities and Exchange Commission, particularly the Company’s
annual report on Form 10-KSB.
For more information on BRS contact: Larry E. Williams; BRS, Inc:
Fleming Field, 300 Airport Road; South St. Paul MN 55075; USA (LarryWilliams@BRSparachutes.com)
TEL 651.457.7491; FAX 651.457.8651
Ballistic Recovery Systems, Inc. (OTCBB:BRSI) announced that it
has closed on $1,327,000 gross proceeds of a private placement as part
of a $3 million offering of its equity securities through a private
placement agent. Pursuant to such offering, BRS issued 975,736 shares
of common stock and five year warrants to purchase 243,934 shares of
common stock at $2.00 per share.
This press release does not constitute an offer to sell or a
solicitation of an offer to buy and securities of BRS. The securities
sold in these issuances were not registered under the Securities Act
and therefore may not be offered or sold in the United States absent
registration or an applicable exemption from registration
requirements.
BRS is a South St. Paul, Minnesota, based company that designs,
manufactures and distributes whole-plane emergency parachute systems
for use on general aviation and recreational aircraft. Since 1981, BRS
has delivered more than 23,000 parachute systems to aircraft owners
around the world including over 2,900 systems on certified aircraft
like the Cirrus Design aircraft manufactured in Duluth, Minnesota. To
date, BRS parachute recovery systems have been credited with saving
the lives of 198 pilots and passengers.
The forward looking matters discussed here should be considered
subject to risks and uncertainties, including market fluctuations,
pricing, procurement, manufacturing efficiencies, and other risks that
could cause the actual results to differ materially from those
projected. For more information, review the company's filings with the
Securities and Exchange Commission, particularly the Company's annual
report on Form 10-KSB.
For more information on BRS contact: Larry E. Williams; BRS, Inc:
Fleming Field, 300 Airport Road; South St. Paul MN 55075; USA
(LarryWilliams@BRSparachutes.com) TEL 651.457.7491; FAX 651.457.8651