NetworkNewsBreaks – Sigma Labs, Inc. (NASDAQ: SGLB) Issues Corrected Press Release for Pricing of $1.5M Offering, Classification of Warrants
Apr 3, 2020
Sigma Labs (NASDAQ: SGLB), a leading developer of quality assurance software for the commercial 3D printing industry, this morning issued a corrected press release to revise the classification of warrants previously published in today’s press release announcing its entry into a definitive agreement with certain institutional investors for an offering of 515,465 units. According to the update, each of the units consists of one share of Sigma Labs common stock (or a prefunded Series B Warrant to purchase one share of Sigma Labs common stock) to be issued in a public offering, and a Series A Warrant to purchase one share of Sigma Labs common stock to be issued in a private placement for a purchase price of $2.91 per unit, for aggregate gross proceeds of $1.5 million. Subject to satisfaction of customary conditions, the Offering is expected to close on or about April 6, 2020.
To view the full press release, visit http://nnw.fm/o7iCb
About Sigma Labs
Sigma Labs, Inc. (NASDAQ: SGLB) is an emerging provider of quality assurance software to the commercial 3D printing industry under the PrintRite3D(R) brand. Founded in 2010, Sigma is a software company that specializes in the development and commercialization of real-time computer aided inspection (“CAI”) solutions known as PrintRite3D(R) for 3D advanced manufacturing technologies. Sigma Labs’ advanced computer-aided software product revolutionizes commercial additive manufacturing, enabling non-destructive quality assurance mid-production, uniquely allowing errors to be corrected in real-time. 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://nnw.fm/SGLB
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