Sigma Labs, Inc. Announces Pricing of Public Offering of 1,400,800 Units
March 13 2019 - 8:56AM
Sigma Labs, Inc. (NASDAQ: SGLB) (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 and warrants to purchase common stock, with
anticipated gross proceeds of $1,961,120, before deducting
placement agent fees and expenses and offering expenses payable by
the Company. The Company is offering 1,400,800 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 $1.40 per unit.
The warrants are immediately exercisable at a price of $1.61 per
share of common stock and will expire on the fifth anniversary of
the date of issuance. The offering is expected to close on or about
March 15, 2019, subject to customary closing conditions.
Dawson James Securities, Inc. is acting as exclusive placement
agent in connection with the offering.
The Company intends to use the net proceeds from the offering,
if completed, to fund its operations, including payment of general
and administrative expenses and for other working capital and
general corporate purposes.
The shares and warrants 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. For more information please visit us at
www.sigmalabsinc.com.
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
Sigma Labs (NASDAQ:SGLB)
Historical Stock Chart
From Mar 2024 to Apr 2024
Sigma Labs (NASDAQ:SGLB)
Historical Stock Chart
From Apr 2023 to Apr 2024