Sigma Labs (NASDAQ: SGLB), a leading developer of quality assurance software for the commercial 3D metal printing industry, on Friday announced the closing of its previously announced registered direct offering of 2,190,000 of its shares of common stock priced at-the-market under Nasdaq rules. According to the update, Sigma Labs also issued to the investors short-term warrants to purchase up to an aggregate of 2,190,000 shares of common stock in a concurrent private placement. The combined purchase price for one common stock and a warrant to purchase one share of common stock was $4.445. Sigma Labs secured approximately $9.7 million in gross proceeds from the registered direct offering and concurrent private placement. The company intends to use the net proceeds for its operations, including the development and marketing of its products and services, as well as for working capital and general corporate purposes. H.C. Wainwright & Co. acted as the exclusive placement agent for the offering.
To view the full press release, visit https://ibn.fm/gDiY5
About Sigma Labs Inc.
Sigma Labs is a leading provider of in-process quality assurance (IPQA(R)) software to the additive manufacturing industry. Sigma 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, please 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
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