Sigma Labs, Inc. Announces Pricing of Public Offering of 2,390,000 Units
June 22 2018 - 09:26AM
Sigma Labs, Inc. (NASDAQ:SGLB) (“Sigma Labs” or the “Company”), a
provider of quality assurance software under the PrintRite3D®
brand, today announced the pricing of its previously announced
public offering of its common stock, warrants to purchase common
stock, and convertible preferred stock, with anticipated gross
proceeds of $2,390,000, before deducting placement agent fees and
expenses and offering expenses payable by the Company. The Company
is offering 2,390,000 units, with each unit consisting of one share
of common stock and 30% of a warrant to purchase a share of common
stock at a price of $1.00 per unit. The warrants are immediately
exercisable at a price of $1.08 per share of common stock and will
expire on the fifth anniversary of the date of issuance. To
the extent that the purchase of shares of common stock would result
in beneficial ownership above 4.99%, an investor may elect to
purchase shares of the Company's Series C Convertible Preferred
Stock in lieu of common stock. Each share of preferred stock
has no dividend rights. The offering is expected to close on or
about June 26, 2018, subject to customary closing conditions.
Dawson James Securities, Inc. is acting as
exclusive placement agent in connection with the offering.
The shares, warrants and preferred stock described
above 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. The prospectus and a preliminary
prospectus supplement related to the offering have been filed with
the SEC and are available on the SEC’s website located at
http://www.sec.gov. A final prospectus supplement and accompanying
prospectus relating to the offering will be filed with the SEC and
will be available on the SEC’s website at www.sec.gov. Copies of
the final prospectus supplement and accompanying prospectus
relating to the offering, when available, 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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