Sigma Labs (NASDAQ: SGLB), a leading developer of quality assurance software for the commercial 3D printing industry, today announced that it will effect a one-for-ten reverse stock split of its outstanding common stock to regain compliance with the minimum $1.00 bid price per share requirement of Nasdaq Listing Rule 5550(a)(2). According to the update, Sigma’s common stock will begin trading on the Nasdaq Capital Market on a split adjusted basis at market open on Friday, February 28, 2020, and will continue to trade under the “SGLB” symbol. Following the reverse stock split, the new CUSIP number for the common stock will be 826598500. The number of common stock shares that Sigma Labs is authorized to issue will correspondingly decrease from 22,500,000 to 2,250,000 shares.
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About Sigma Labs
Sigma Labs, Inc. (NASDAQ: SGLB) is a leading provider of quality assurance software to the commercial 3D printing industry under the PrintRite3D(R) brand. Founded in 2010, Sigma is a software company that specializes in the development and commercialization of real-time computer aided inspection (“CAI”) solutions known as PrintRite3D(R) for 3D advanced manufacturing technologies. Sigma Labs’ advanced computer-aided software product revolutionizes commercial additive manufacturing, enabling non-destructive quality assurance mid-production, uniquely allowing errors to be corrected in real-time. For more information, please visit www.SigmaLabsInc.com.
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