Sigma Labs (NASDAQ: SGLB), a leading developer of quality assurance software for the commercial 3D metal printing industry, has announced that warrants issued on Feb. 21, 2017, will expire on Feb. 22, 2022, at 5 p.m. ET. The warrants allow the purchase of common stock. According to the announcement, trading of the warrants on the Nasdaq exchange will be suspended on Feb. 17, 2022; the warrants trade under the symbol SGLBW. The company noted that the exercise price for one share of the company’s common stock under the warrants is $40; on Feb. 9, 2022, the last reported sale price of the company’s common stock was $2.42 per share. In addition, the announcement explained that Nasdaq plans to file a Form 25 on behalf of the company with the Securities and Exchange Commission (“SEC”) to effect the delisting of the warrants from Nasdaq and the deregistration of the warrants. The company’s common stock will not be affected by the expiration and delisting of the warrants.
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About Sigma Labs Inc.
Sigma Labs is a leading provider of in-process quality assurance, or IPQA(R) (“IPQA”) software, to the additive manufacturing industry. Sigma Labs specializes in the development and commercialization of real-time monitoring solutions known as PrintRite3D(R) for 3D metal and polymer advanced manufacturing technologies. PrintRite3D detects and classifies defects and anomalies in 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 3D metal printing. For more information about the company, please visit www.SigmaLabsInc.com.
NOTE TO INVESTORS: The latest news and updates relating to SGLB are available in the company’s newsroom at http://ibn.fm/SGLB
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