Virginia’s Catch the Wind raises $20.3M private placement via private offering

MANASSAS, VA – Catch the Wind Ltd., developer and manufacturer of the Vindicator laser wind sensor and other sensor products, announced has completed a private placement of 16,743,000 common shares each at a price of CDN $1.30, generating gross proceeds of CDN $21.8 million.

The company, which markets its products to energy sector, is an Optical Air Data Systems spin-off, which sells laser sensors to the defense industry.
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