Current Report Filing (8-k)
April 07 2020 - 4:40PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(D) OF THE
THE
SECURITIES EXCHANGE ACT OF 1934
Date
of report (Date of earliest event reported): April 6, 2020
SIGMA
LABS, INC.
(Exact
name of registrant as specified in its charter)
Nevada
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001-38015
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27-1865814
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(State
or other jurisdiction of
incorporation or organization)
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(Commission
File Number)
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(I.R.S.
Employer
Identification No.)
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3900
Paseo del Sol
Santa
Fe, New Mexico 87507
(Address
of Principal Executive Offices) (Zip Code)
Registrant’s
telephone number, including area code: (505) 438-2576
Former
name or former address, if changed since last report
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions (see General Instruction A.2. below):
[ ]
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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[ ]
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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[ ]
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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[ ]
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class
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Trading
Symbol(s)
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Name
of each exchange on which
registered
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Common
Stock, par value $0.001 per share
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SGLB
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The
NASDAQ Stock Market LLC
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Warrants
to Purchase Common Stock, par value $0.001 per share
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SGLBW
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The
NASDAQ Stock Market LLC
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Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter). Emerging growth
company [ ]
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period
for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]
Item
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3.02
Unregistered Sales of Equity Securities.
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Reference
is made to the Current Report on Form 8-K of Sigma Labs, Inc. (the “Company”) filed with the Securities and Exchange
Commission on April 2, 2020 (the “Prior 8-K”). As described in the Prior 8-K, on April 2, 2020, the Company entered
into a Securities Purchase Agreement with certain institutional investors (the “Investors’”) pursuant to which
the Company agreed to sell and issue to the Investors (a) 493,027 shares of the Company’s common stock (the “Common
Shares”) and pre-funded warrants (the “Pre-funded Warrants”) to purchase up to 22,438 shares of the Company’s
common stock pursuant to the Company’s existing Registration Statement on Form S-3, and (b) Series A Warrants (the “Private
Warrants”) to purchase an aggregate of 515,465 shares of the Company’s common stock pursuant to a private placement.
As also described in the Prior 8-K, the Company entered into a Placement Agency Agreement dated as of April 2, 2020 (the “Placement
Agreement”) with Dawson James Securities, Inc (the “Placement Agent”) to act as its exclusive placement agent
with regard to the above offerings. Pursuant to the Placement Agreement, among other things, the Company agreed to issue a warrant
(the “Placement Warrant”‘) to the Placement Agent or its designees to purchase an aggregate of 41,237 shares
of the Company’s Common Stock (which amount is based on the number of Common Shares and shares underlying the Pre-Funded
Warrants) at an exercise price of $3.64 per share. The Placement Warrant is exercisable commencing six-months after the date of
issuance and has a term of five years. The Placement Warrant provides for a cashless exercise provision. The foregoing summary
of the Placement Warrant does not purport to be complete and is qualified in its entirety by the terms and conditions set forth
in the form attached hereto as Exhibit 4.1.
Consummation
of the offering and sale of the Private Warrants and the issuance of the Placement Warrant was effected on April 6, 2020.
The
offer and sale of the Private Warrants and the issuance of the Placement Warrant were effected pursuant to an exemption from the
registration requirements of the Securities Act of 1933, as amended, pursuant to Section 4(a)(2) thereof and Rule 506 promulgated
thereunder.
Item
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9.01
Financial Statements and Exhibits.
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Attached
as Exhibit 4.1 is the form of Placement Warrant (the form of the Private Warrant was previously filed as an exhibit to the Prior
8-K)
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
Date:April
7, 2020
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SIGMA
LABS, INC.
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By:
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/s/
JOHN RICE
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Name:
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John
Rice
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Title:
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President
and Chief Executive Officer
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