NetworkNewsBreaks – Sigma Labs, Inc. (NASDAQ: SG
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Posted On: 02/27/2020 2:46:52 PM
NetworkNewsBreaks – Sigma Labs, Inc. (NASDAQ: SGLB) to Effect Reverse Stock Split to Regain Compliance with Nasdaq Listing Rule
Sigma Labs (NASDAQ: SGLB), a leading developer of quality assurance software for the commercial 3D printing industry, today announced that it will effect a one-for-ten reverse stock split of its outstanding common stock to regain compliance with the minimum $1.00 bid price per share requirement of Nasdaq Listing Rule 5550(a)(2). According to the update, Sigma’s common stock will begin trading on the Nasdaq Capital Market on a split adjusted basis at market open on Friday, February 28, 2020, and will continue to trade under the “SGLB” symbol. Following the reverse stock split, the new CUSIP number for the common stock will be 826598500. The number of common stock shares that Sigma Labs is authorized to issue will correspondingly decrease from 22,500,000 to 2,250,000 shares.
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 printing industry, today announced that it will effect a one-for-ten reverse stock split of its outstanding common stock to regain compliance with the minimum $1.00 bid price per share requirement of Nasdaq Listing Rule 5550(a)(2). According to the update, Sigma’s common stock will begin trading on the Nasdaq Capital Market on a split adjusted basis at market open on Friday, February 28, 2020, and will continue to trade under the “SGLB” symbol. Following the reverse stock split, the new CUSIP number for the common stock will be 826598500. The number of common stock shares that Sigma Labs is authorized to issue will correspondingly decrease from 22,500,000 to 2,250,000 shares.
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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