Sigma Labs (NASDAQ: SGLB), a leading developer of quality assurance software for the commercial metal 3D printing industry, has announced the pricing of an underwritten public offering of 1,488,507 shares of common stock at a public offering price of $3.00 per share. Per the update, the company has granted the underwriter a 30-day option to purchase up to an additional 223,276 shares of common stock. Sigma Labs expects to secure approximately $4.5 million in gross proceeds, of which it intends to use 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.
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About Sigma Labs Inc.
Sigma Labs is a leading provider of in-process quality assurance (IPQA(R)) software to the additive manufacturing industry. Sigma specializes in the development and commercialization of real-time monitoring solutions known as PrintRite3D(R) for 3D metal 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 3D metal printing. For more information, please visit www.SigmaLabsInc.com.
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