Sigma Labs Announces Expiration of Warrants

Rhea-AI Summary

Sigma Labs (NASDAQ:SGLB) announced that its warrants to purchase common stock, issued on February 21, 2017, will expire on February 22, 2022, at 5:00 p.m. EST. Trading of these warrants will be suspended on Nasdaq starting February 17, 2022. The exercise price for the warrants is $40.00, while the last reported sale price of SGLB's common stock was $2.42 as of February 9, 2022. Nasdaq will file a Form 25 for the delisting of the warrants, but the listing of SGLB's common stock will remain unaffected.

Positive

• None.

Negative

• Warrants' exercise price ($40.00) significantly exceeds the current stock price ($2.42), indicating a lack of investor interest and potential financial strain.
• The expiration and delisting of the warrants could reflect negatively on investor sentiment.

SANTA FE, NM / ACCESSWIRE / February 10, 2022 / Sigma Labs, Inc. (NASDAQ:SGLB) (the "Company"), a leading developer of quality assurance software to the commercial 3D printing industry, announced today that the Company's warrants to purchase common stock issued on February 21, 2017 (NASDAQ: SGLBW) (the "Warrants") will expire in accordance with their terms as of 5:00 p.m. EST, on February 22, 2022. The Company is informed by the Nasdaq Stock Market LLC ("Nasdaq") that trading of the Warrants on Nasdaq will be suspended on February 17, 2022. The exercise price for one share of the Company's common stock under the Warrants is $40.00. On February 9, 2022, the last reported sale price of the Company's common stock was $2.42 per share.

The Company also is informed that Nasdaq intends to file a Form 25 on behalf of the Company with the Securities and Exchange Commission on February 17, 2022 to effect the delisting of the Warrants from Nasdaq and the deregistration of the Warrants under Section 12(b) of the Securities Exchange Act of 1934, as amended.

The listing of the Company's common stock (NASDAQ:SGLB) will not be affected by the expiration and delisting of the Warrants.

About Sigma Labs

Sigma Labs Inc. is a leading provider of in-process quality assurance (IPQA™) software to the additive manufacturing industry. Sigma Labs specializes in the development and commercialization of real-time monitoring and analytics solutions known as PrintRite3D® for 3D metal and polymer advanced manufacturing technologies. PrintRite3D detects and classifies defects and anomalies real-time during the manufacturing process, enabling significant cost-savings and production efficiencies. Sigma Labs believes its software product will be a major catalyst for the acceleration and adoption of industrial 3D printing. For more information, please visit www.sigmalabsinc.com.

Contacts:

Investor Contact:
Chris Tyson
Executive Vice President
MZ Group - MZ North America
949-491-8235
SGLB@mzgroup.us
www.mzgroup.us

Company Contact:
Steven Gersten
Sigma Internal IR
813-334-9745
investors@sigmalabsinc.com

SOURCE: Sigma Labs, Inc.

View source version on accesswire.com:
https://www.accesswire.com/688211/Sigma-Labs-Announces-Expiration-of-Warrants

FAQ

What is the expiration date for Sigma Labs (SGLB) warrants?

The warrants for Sigma Labs (SGLB) will expire on February 22, 2022, at 5:00 p.m. EST.

When will trading of Sigma Labs (SGLB) warrants be suspended?

Trading of the warrants will be suspended on Nasdaq starting February 17, 2022.

What was the last reported stock price for Sigma Labs (SGLB) before the warrant expiration?

The last reported sale price of Sigma Labs (SGLB) stock was $2.42 per share on February 9, 2022.

How does the expiration of warrants affect Sigma Labs (SGLB) common stock?

The expiration and delisting of the warrants will not affect the listing of Sigma Labs' common stock on Nasdaq.

What is the exercise price for Sigma Labs (SGLB) warrants?

The exercise price for one share of Sigma Labs (SGLB) common stock under the warrants is $40.00.