Friday, March 26, 2021

QualityStocksNewsBreaks – Sigma Labs Inc. (NASDAQ: SGLB) Enters Purchase Agreements for $9.7M Direct Offering

 Sigma Labs (NASDAQ: SGLB), a leading developer of quality assurance software for the commercial 3D metal printing industry, has announced a registered direct offering. The company noted that it has entered into securities purchase agreements with institutional investors. The agreements outline the purchase of 2,190,000 shares of common stock in a registered direct offering priced at-the-market under Nasdaq rules. The agreement also includes a concurrent private placement up to 2,190,000 shares of common stock issued to investors as short-term warrants. Together the common stock and warrants are offered at $4.445, with the warrants having an exercise price of $4.32 per share. The warrants will be exercisable when SGLB receives shareholder approval to increase authorized shares of common stock. The company expects the direct offering to result in $9.7 million, which it plans to use for operations, including the development and marketing of its products and services, as well as working capital and general corporate purposes. The purchase agreement should close approximately March 26, 2021.

To view the full press release, visit https://ibn.fm/x4A3m

About Sigma Labs Inc.

Sigma Labs is a leading provider of in-process quality assurance (“IPQA(R)”) software to the additive manufacturing industry. Sigma Labs specializes in the development and commercialization of real-time monitoring solutions known as PrintRite3D(R) for 3D metal advanced manufacturing technologies. PrintRite3D detects and classifies defects and anomalies real time during the manufacturing process, enabling significant cost savings and production efficiencies. Sigma Labs believes its software product will be a major catalyst for the acceleration and adoption of 3D metal printing. For more information about the company, visit www.SigmaLabsInc.com.

NOTE TO INVESTORS: The latest news and updates relating to SGLB are available in the company’s newsroom at http://ibn.fm/SGLB

About QualityStocksNewsBreaks

QualityStocksNewsBreaks provide a rapid summary of corporate news that catch the attention of QualityStocks. QualityStocksBreaks are designed to keep investors up to date on important and breaking news in the small-cap and micro-cap markets. Spanning all industries, including energy, entertainment, telecommunications, healthcare, retail and more, these news breaks deliver opportunities the investment community may have missed. Whether it is earnings results, mergers and acquisitions, or any other market-moving news, our news breaks keep you in the know. QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. It is part of our mission statement to help the investment community discover emerging companies that offer excellent growth potential.

QualityStocks (QS)
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com

Please see full terms of use and disclaimers on the QualityStocks website applicable to all content provided by QS, wherever published or re-republished: http://www.qualitystocks.net/disclaimer.php

No comments: