NetworkNewsBreaks - Sigma Labs, Inc. (NASDAQ: SGLB

NetworkNewsBreaks - Sigma Labs, Inc. (NASDAQ: SGLB) Issues Corrected Press Release for Pricing of $1.5M Offering, Classification of Warrants

Sigma Labs (NASDAQ: SGLB), a leading developer of quality assurance software for the commercial 3D printing industry, this morning issued a corrected press release to revise the classification of warrants previously published in today's press release announcing its entry into a definitive agreement with certain institutional investors for an offering of 515,465 units. According to the update, each of the units consists of one share of Sigma Labs common stock (or a prefunded Series B Warrant to purchase one share of Sigma Labs common stock) to be issued in a public offering, and a Series A Warrant to purchase one share of Sigma Labs common stock to be issued in a private placement for a purchase price of $2.91 per unit, for aggregate gross proceeds of $1.5 million. Subject to satisfaction of customary conditions, the Offering is expected to close on or about April 6, 2020.

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