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InvestorNewsBreaks – Sigma Additive Solutions Inc. (NASDAQ: SASI) Effects 1-for-20 Reverse Stock Split

By: Investor Brand Network

Sigma Additive Solutions (NASDAQ: SASI), a leading provider of quality assurance software to the commercial 3D printing industry, has announced a 1-for-20 reverse stock split of its outstanding common stock. The move is designed to help the company regain compliance with NASDAQ by Oct. 8, 2023. According to the announcement, regaining compliance is also expected to facilitate potential transactions contained in Sigma’s recently announced nonbinding letters of intent to acquire NextTrip Holdings Inc. and sell certain quality assurance software assets. As a result of the reverse stock split, Sigma’s common stock will begin trading on the NASDAQ exchange on a split-adjusted basis beginning Sept. 22, 2023, with the number of shares that Sigma Additive Solutions is authorized to issue decreasing from 24,000,000 shares at present to 1,200,000 shares; the symbol will remain the same: SASI. The reverse stock split affects all issued and outstanding shares of Sigma Additive Solutions common stock and will not change any stockholder’s percentage ownership interest in the company.

To view the full press release, visit https://ibn.fm/BPPKq

About Sigma Additive Solutions

Sigma Additive Solutions is a leading provider of in-process quality assurance (“IPQA”) solutions to the additive manufacturing industry. For more information about the company, please visit www.SigmaAdditive.com.

NOTE TO INVESTORS: The latest news and updates relating to SASI are available in the company’s newsroom at http://ibn.fm/SASI

About InvestorWire

InvestorWire (“IW”) is a specialized communications platform with a focus on advanced wire-grade press release syndication for private and public companies and the investment community. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, IW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, IW brings its clients unparalleled recognition and brand awareness. IW is where breaking news, insightful content and actionable information converge.

For more information, please visit https://www.InvestorWire.com

Please see full terms of use and disclaimers on the InvestorWire website applicable to all content provided by IW, wherever published or re-published: https://www.InvestorWire.com/Disclaimer

InvestorWire
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www.InvestorWire.com
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Editor@InvestorWire.com

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