Here is some sad news – Next Generation Arms (NGA) is ceasing operations effective immediately. NGA was doing some unique and exciting things with their X7 and upcoming X8 chassis. Hopefully the rifles and tech behind them will live on with another manufacturer.
It is sad. Key point in their statement is that funds from investors ran out. Speaking from experience, a start-up’s number one goal is to manage cash-flow as sales ramp as quickly as possible.