THE OFFERING
Common stock offered by us
Shares of our common stock having an aggregate offering price of up to $25,000,000.
Common stock to be outstanding after this offering
Assuming that all $25,000,000 of our common stock is sold pursuant to this at-the-market offering prospectus at an assumed offering price of $0.109 per share, which was the last reported sale price of our common stock on the OTCQB on September 18, 2014, we would have 847,598,859 shares of common stock outstanding.
Manner of offering
“At-the-market” offering that may be made from time to time through our sales agent, Ascendiant. See “Plan of Distribution” beginning on page S-9 of this at-the-market offering prospectus.
Use of proceeds
We intend to use the net proceeds from the sale of the common stock described in this at-the-market offering prospectus for general corporate purposes which may include, among other things, reducing indebtedness, acquiring other businesses (although we currently have no agreement to acquire any business), repurchasing our common stock and making capital expenditures, as well as for working capital. See “Use of Proceeds” on page S-6 of this at-the-market offering prospectus.
Risk factors
Investing in our common stock involves a high degree of risk. See “Risk Factors” beginning on page S-4 of this at-the-market offering prospectus.
OTCQB symbol
SGLB
The number of shares of our common stock to be issued and outstanding immediately after this offering as shown above is based on 612,241,061 shares issued and outstanding as of June 30, 2014, and excludes as of that date:
· 18,796,296 shares of common stock issuable upon the exercise of outstanding warrants having a weighted average exercise price of $0.141 per share;
· an aggregate of 30,150,000 shares of common stock reserved for future issuance under our equity incentive plans.
