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More buys than sells today & still down .27.
Sigma Labs Announces Closing of $9.7 Million Registered Direct Offering Priced At-The-Market Under Nasdaq Rules
SANTA FE, NM - March 26, 2021 - Sigma Labs, Inc. (NASDAQ:SGLB) (“Sigma Labs” or the "Company"), a leading developer of quality assurance software for the commercial metal 3D printing industry, today 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. Additionally, 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. The warrants have an exercise price of $4.32 per share, are exercisable upon the Company’s receipt of shareholder approval to increase its number of authorized shares of common stock from 12 million shares to 24 million shares for a period of two years.
H.C. Wainwright & Co. acted as the exclusive placement agent for the offering.
The gross proceeds from the registered direct offering and concurrent private placement were approximately $9.7 million before deducting placement agent fees and other estimated offering expenses. Sigma Labs intends to use the net proceeds from this offering for the Company's operations, including the development and marketing of its products and services, and working capital and general corporate purposes.
The common stock described above (but not the warrants or the shares of common stock underlying the warrants) were offered pursuant to a "shelf" registration statement (File No. 333-225377) that was filed with the U.S. Securities and Exchange Commission (“SEC”) on June 1, 2018 and declared effective on June 14, 2018. Such shares of common stock were offered only by means of a prospectus, including a prospectus supplement, forming a part of the effective registration statement. A final prospectus supplement and the accompanying prospectus relating to the offering of the shares of common stock was filed with the SEC. Electronic copies of the prospectus supplement and the accompanying prospectus relating to the offering of common stock may be obtained on the SEC's website at http://www.sec.gov or by contacting H.C. Wainwright & Co., LLC at 430 Park Avenue, 3rd Floor, New York, NY 10022, by e-mail: placements@hcwco.com or by telephone: (212) 856-5711.
The warrants issued in the concurrent private placement and shares of common stock underlying the warrants are being offered in a private placement under Section 4(a)(2) of the Securities Act of 1933, as amended (the "Act"), and Regulation D promulgated thereunder and, along with the shares of common stock underlying the warrants, have not been registered under the Act, or applicable state securities laws. Accordingly, the warrants and underlying shares of common stock may not be offered or sold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Act and such applicable state securities laws.
This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor there any sales of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.
About Sigma Labs
Sigma Labs Inc. is a leading provider of in-process quality assurance (IPQA®) software to the additive manufacturing industry. Sigma Labs specializes in the development and commercialization of real-time monitoring solutions known as PrintRite3D® 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.
Forward-Looking Statements
This press release contains forward-looking statements that are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks, trends, and uncertainties that could cause actual results to be materially different from the forward-looking statement. These factors include, but are not limited to, the intended use of net proceeds from the registered direct offering, whether the Company can successfully develop the Company's proprietary technologies and whether the market will accept the Company's products and services, and the impact of COVID-19, general economic, industry or political conditions in the United States or internationally as well as other risk factors and business considerations described in the Company’s Securities and Exchange Commission filings including the annual report on Form 10-K. Any forward-looking statements in this document should be evaluated in light of these important risk factors. In addition, any forward-looking statements included in this press release represent the Company’s views only as of the date of its publication and should not be relied upon as representing its views as of any subsequent date. The Company assumes no obligation to update these forward-looking statements, except as required by law.
Contact:
Investor Contact:
Chris Tyson
Managing Director
MZ Group - MZ North America
949-491-8235
SGLB@mzgroup.us
www.mzgroup.us
Company Contact:
Steven Gersten
Sigma Internal IR
813-334-9745
investors@sigmalabsinc.com
Not much of a melee. They put out fake news & Alpine4 calls them on it. It’s pretty laughable.
This is the text for the Tweet: $ALPP Subsidiary Quality Circuit Assembly exceeded $1,000,000+ in revenue for January. QCA anticipates 2021 being driven by the EV Market and rise of the drone economy. AMERICAN MANUFACTURING????
New Tweet:
$ALPP Subsidiary Quality Circuit Assembly exceeded $1,000,000+ in revenue for January. QCA anticipates 2021 being driven by the EV Market and rise of the drone economy. AMERICAN MANUFACTURING🇺🇸
— Alpine 4 Holdings, Inc. (@alpine4holdings) February 1, 2021
*float
Loaded!
I didn’t realize the goat was so low! Thanks for the tip!
*Birthday
I sold all my remaining shares on JG’s ??. Thanks goodness!
Addition of two drone companies.
Will anyone shorting ALPP have to cover before the name change? I think that could help drive the PPS higher.
BLM approves Thacker Pass Lithium mine near Winnemucca, Nevada
By Brian Bahouth - January 15, 2021
The US Bureau of Land Management issued a Record of Decision (RoD) approving the Thacker Pass Lithium Mine proposed by Lithium Nevada Corporation. The mine is located near Winnemucca, Nevada. https://t.co/7G4Pw6at0N #Lithium #EV #Mining #Nevada
— Global Venture (@AGlobalVenture) January 18, 2021
It’ll be fun watching this ticker run a bit next week, especially if we see a couple of PRs: one on an update about getting current with the shell & the other a glorious NI-43 update.
I wonder more why Norton Fernando’s name is the only name listed so far? Also, why his name & not Mark Bolster’s?
What’s a TIA?
I just watched the Stock Moe video from today where he discusses Lucid Motors, Lucid Air & CCIV. I 100% concur with his thoughts on the video. If this is the SPAC that Lucid Motors is going public with, we will see great gains, if not - this goes back to $10. I like Stock Moe, a lot!
Nice! I follow StockMoe.
Thanks for sharing from me too. I have “reserved” a Lucid Air. It’s a fully refundable reservation. At least it was when I reserved one. Finger crossed that I can afford it when I get the call.
Some huge trades are going through this morning. There was a 256.7k trade worth about $4.9M.
AH will be interesting.
Per the PR: The company expects to report 2020 sales of $33.5 million to $35 million, which is revenue growth of approximately 19% to 24% over 2019.
No worries here. The loss is only on paper. This will run on a PR soon & as we get closer to the Shareholders meeting & uplisting to the NASDAQ. There are too many great things going on with this company. I think we’ll get a squeeze play too!
Nice!
Why is there so much pre-market trading that is taking the SP down??? They did this last week too. No retail MMs?
It’s already been passed for 2021. You can read it here: https://www.congress.gov/bill/116th-congress/house-bill/6395
8 is great! ARIZONA!
New Tweet! Could be causing the gap up?
$ALPP Alpine 4 subsidiary, Excel Fabrication’s list of states, where our General Contractors license is being obtained, has grown from 7 to 8... now including Arizona!
— Alpine 4 Holdings, Inc. (@alpine4holdings) December 22, 2020
Montana
Oregon
Utah
Washington
Wyoming
Idaho
Nevada
ARIZONA! pic.twitter.com/BF2Iwj11eK
Long bar green candle today. That’s rather bullish.
This is big! Two drone subsidiaries: one for EMS & the other Military Renderings!
Nice to see .0006’s hitting! It’s been a long time coming.
When Mark Bolster starts to take the shell over or even acknowledges that they are working to take it Pink Current this will rocket. I’d hate to sell now & miss the huge move.
There’s a poster on Twitter openly manipulating the stock price. There’s a comment to that poster admitting such that calls it out to SEC_Enforcement & OTCMarkets. Go like that Tweet & call out the poster.
Mods - Sticky this post please!
Project Damien - Drilling by Dec 2020! This is from the new Schatziexploration website before they password protected it. Hints of what’s on the horizon!
Thanks much! I already paid $75 for previous filings on for SHTC.
Yes! Part of the One Step process: https://www.schatziexploration.com/the-one-step-process
Check out this new company website that Mark Bolster is working on. https://www.schatziexploration.com/. Will it come under the STHC umbrella? I think so.