Sigma Labs Announces Proposed Public Offering of Securities
June 21 2018 - 7:03PM
Sigma Labs, Inc. (NASDAQ:SGLB) (“Sigma Labs” or the “Company”), a
provider of quality assurance software under the PrintRite3D®
brand, today announced a proposed public offering of its common
stock, warrants to purchase common stock, and convertible preferred
stock. The offering is subject to market and other conditions, and
there can be no assurance as to whether or when the offering may be
completed, or as to the actual size or terms of the offering.
The preferred stock would be offered in lieu of
shares of the Company's common stock to investors in the offering
whose purchase of shares of common stock in the proposed offering
may result in such investor, together with its affiliates and
certain related parties, beneficially owning more than 4.99% of the
Company's common stock.
Dawson James Securities, Inc. is acting as
exclusive placement agent for the offering.
The Company intends to use the net proceeds from
the offering, if completed, for working capital and general
corporate purposes.
The shares, warrants and preferred stock are being
offered pursuant to an effective shelf registration statement on
Form S-3 (File No. 333-225377), that was previously filed with the
Securities and Exchange Commission (SEC) and declared effective on
June 14, 2018. The securities may be offered only by means of a
prospectus. A preliminary prospectus supplement and accompanying
base prospectus related to the offering has been filed with the SEC
and is available on the SEC’s website located at
http://www.sec.gov. Copies of the preliminary prospectus supplement
and accompanying base prospectus may also be obtained by contacting
Dawson James Securities, Inc., Attention: Prospectus Department, 1
North Federal Highway, 5th Floor, Boca Raton, FL 33432, or by
telephone toll free at 866-928-0928, or by e-mail at
mmaclaren@dawsonjames.com.
This press release shall not constitute an offer to
sell, or the solicitation of an offer to buy, nor may there be any
sale of these securities in any state or jurisdiction in which such
an offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
About Sigma Labs, Inc.
Sigma Labs, Inc. is a provider of quality assurance
software under the PrintRite3D® brand and a developer of advanced,
in-process, non-destructive quality assurance software for
commercial firms worldwide seeking productive solutions for
advanced manufacturing.
Forward-Looking Statements
This press release contains “forward-looking
statements” within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended (which Sections were adopted as part of the
Private Securities Litigation Reform Act of 1995). Statements
preceded by, followed by or that otherwise include the words
“believe,” “anticipate,” “estimate,” “expect,” “intend,” “plan,”
“project,” “prospects,” “outlook,” and similar words or
expressions, or future or conditional verbs such as “will,”
“should,” “would,” “may,” and “could” are generally forward-looking
in nature and not historical facts. Forward-looking statements in
this press release include, without limitation, whether an offering
will be completed. These forward-looking statements involve known
and unknown risks, uncertainties and other factors which may cause
the Company's actual results, performance or achievements to be
materially different from any anticipated results, performance or
achievements. The Company disclaims any intention to, and
undertakes no obligation to, revise any forward-looking statements,
whether as a result of new information, a future event, or
otherwise. For additional risks and uncertainties that could impact
the Company’s forward-looking statements, please see the Company’s
Annual Report on Form 10-K (including but not limited to the
discussion under “Risk Factors” therein) filed with the SEC on
April 17, 2018 and which may be viewed at http://www.sec.gov.
Media Contact
Bret Shapiro Managing Director CORE IR 561-479-8566
brets@coreir.com
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