Sale to VPG AcquisitionCo, LLC

Headquartered in Seattle, Washington, VICIS was founded in 2013 with a focus on head health protective solutions through its patented impact mitigating technology. The Company leveraged this technology to launch a superior, safer football helmet, which was rapidly adopted by players across the NFL, NCAA and youth football teams. Fueled by the rising global consciousness of head health concerns, VICIS also began to develop applications for new verticals including hockey, soccer and rugby, as well as military and personal protective equipment.

On December 23, 2019, VICIS entered receivership in King County in the State of Washington due to liquidity pressure faced with operating a business that required a significant amount of capital to expand its R&D efforts, compounded by narrow margins as a result of the Company having to price its premium helmet in-line with its peers to be competitive in the marketplace.

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