QualityStocksNewsBreaks – Sigma Labs Inc. (NASDAQ: SGLB) Enters Purchase Agreements for $9.7M Direct Offering
Sigma Labs (NASDAQ: SGLB), a leading developer of quality assurance software for the commercial 3D metal printing industry, has announced a registered direct offering. The company noted that it has entered into securities purchase agreements with institutional investors. The agreements outline the purchase of 2,190,000 shares of common stock in a registered direct offering priced at-the-market under Nasdaq rules. The agreement also includes a concurrent private placement up to 2,190,000 shares of common stock issued to investors as short-term warrants. Together the common stock and warrants are offered at $4.445, with the warrants having an exercise price of $4.32 per…