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Posted On: 03/29/2021 4:04:26 PM
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NetworkNewsBreaks – Sigma Labs Inc. (NASDAQ: SGLB) Secures $9.7M in Registered Direct Offering, Concurrent Private Placement
Sigma Labs (NASDAQ: SGLB), a leading developer of quality assurance software for the commercial 3D metal printing industry, on Friday announced the closing of its previously announced registered direct offering of 2,190,000 of its shares of common stock priced at-the-market under Nasdaq rules. According to the update, Sigma Labs also issued to the investors short-term warrants to purchase up to an aggregate of 2,190,000 shares of common stock in a concurrent private placement. The combined purchase price for one common stock and a warrant to purchase one share of common stock was $4.445. Sigma Labs secured approximately $9.7 million in gross proceeds from the registered direct offering and concurrent private placement. The company intends to use the net proceeds for its operations, including the development and marketing of its products and services, as well as for working capital and general corporate purposes. H.C. Wainwright & Co. acted as the exclusive placement agent for the offering.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Sigma Labs (NASDAQ: SGLB), a leading developer of quality assurance software for the commercial 3D metal printing industry, on Friday announced the closing of its previously announced registered direct offering of 2,190,000 of its shares of common stock priced at-the-market under Nasdaq rules. According to the update, Sigma Labs also issued to the investors short-term warrants to purchase up to an aggregate of 2,190,000 shares of common stock in a concurrent private placement. The combined purchase price for one common stock and a warrant to purchase one share of common stock was $4.445. Sigma Labs secured approximately $9.7 million in gross proceeds from the registered direct offering and concurrent private placement. The company intends to use the net proceeds for its operations, including the development and marketing of its products and services, as well as for working capital and general corporate purposes. H.C. Wainwright & Co. acted as the exclusive placement agent for the offering.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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