Welcome to our dedicated news page for Sigma Additive Solutions (Ticker: SASI), a resource for investors and traders seeking the latest updates and insights on Sigma Additive Solutions.
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Rhea-AI Summary
Sigma Additive Solutions, Inc. (NASDAQ:SASI) changes its name to NextTrip, Inc. and will begin trading on Nasdaq under the new ticker symbol 'NTRP' on March 13, 2024. The transition follows the acquisition of NextTrip Holdings, Inc., a travel technology company. NextTrip aims to revolutionize the travel industry with innovative products, leveraging direct relationships with top travel organizations and suppliers. The company is set to launch a travel booking platform and content ecosystem, including a unique FAST TV model, Compass.TV, to drive bookings and brand awareness.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.48%
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Rhea-AI Summary
Sigma Additive Solutions, Inc. (NASDAQ:SASI) is holding a virtual special meeting on March 8, 2024, to approve a name change to NextTrip, Inc. and increase authorized shares of common stock. Stockholders as of January 29, 2024, are encouraged to vote. NextTrip aims to focus on travel operations, leveraging a scalable booking engine and industry relationships for growth and innovation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.83%
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News
Rhea-AI Summary
Sigma Additive Solutions, Inc. (NASDAQ:SASI) announced the sale of intellectual property assets to Divergent Technologies, Inc. and the acquisition of NextTrip Holdings, Inc. The sale of assets was targeted to eliminate debt and contingent liabilities, leaving the company with a clean balance sheet. The CEO commented on the restructuring, focusing on NextTrip travel operations and strategic growth plans for 2024, aligning with the expected surge in travel post-pandemic.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
12.61%
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Rhea-AI Summary
Sigma Additive Solutions, Inc. (NASDAQ:SASI) completed the acquisition of NextTrip Holdings, Inc., a travel technology company, on December 29, 2023. The acquisition was approved by Sigma shareholders on December 28, 2023, enabling Bill Kerby, CEO of NextTrip, to become the new CEO of Sigma. NextTrip specializes in providing specialized solutions in leisure, wellness, and business travel, with plans to expand its reach and product offerings.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
37.93%
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Rhea-AI Summary
Sigma Additive Solutions, Inc. (NASDAQ:SASI) will hold its Annual Meeting of Shareholders on December 28, 2023, to vote on the proposed acquisition of NextTrip Holdings, Inc. Shareholders as of November 20, 2023, are encouraged to vote. The acquisition will involve Sigma acquiring 100% of the capital stock of NextTrip in exchange for shares of Sigma common stock constituting 19.99% of its outstanding common stock plus additional contingent shares upon the achievement of post-closing milestone earnouts tied to the business performance of NextTrip.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.94%
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Rhea-AI Summary
Sigma Additive Solutions, Inc. (NASDAQ:SASI) reported its Q3 2023 financial and operating results, including a significant acquisition of NextTrip Holdings, Inc., a travel technology company, and the sale of its in-process quality assurance technology suite of assets to Divergent Technologies, Inc. The company's revenue decreased to $141,988, with a gross loss of $(34,128), and a net loss of $0.9 million. Cash totaled $0.6 million at September 30, 2023, down from $2.8 million at December 31, 2022.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.22%
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Rhea-AI Summary
Sigma Additive Solutions Announces Definitive Agreement to Sell In-Process Quality Assurance Assets to Divergent Technologies, Inc.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
145.45%
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Rhea-AI Summary
Sigma Additive Solutions, Inc. (NASDAQ:SASI) will effect a 1-for-20 reverse stock split to regain compliance with the minimum $1.00 bid price per share requirement of Nasdaq Listing Rule 5550(a)(2) by October 8, 2023. The reverse stock split will reduce the number of shares from approximately 12,227,135 shares to approximately 611,357 shares. The common stock will begin trading on the Nasdaq Capital Market on a split-adjusted basis on September 22, 2023. No fractional shares will be issued in connection with the reverse stock split.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2043.92%
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Rhea-AI Summary
Sigma Additive Solutions, Inc. and NextTrip Holdings, Inc. have signed a non-binding letter of intent for Sigma's acquisition of NextTrip. The transaction is valued at approximately $48 million and will provide NextTrip the opportunity to become a publicly traded company on Nasdaq. NextTrip's recent acquisition of a scalable travel booking engine is expected to accelerate the company's business. The transaction is targeted to maximize shareholder value. NextTrip management believes that as a public company, they will have access to additional sources of capital for strategic growth initiatives. Existing Sigma shareholders will retain their equity interests. The transactions are expected to be completed in Q4 2023, subject to negotiation and execution of a definitive agreement, regulatory approvals, and other closing conditions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
23.4%
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Rhea-AI Summary
NASDAQ:SASI - Sigma Additive Solutions, Inc. reports Q2 2023 financial results and strategic alternatives consideration. The company's revenue decreased to $97,043, with a net loss of $1.3 million. Management is exploring strategic alternatives to enhance shareholder value.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.92%
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Sigma Additive Solutions Inc
Nasdaq:SASI
SASI Rankings
SASI Stock Data
3.89M
775.30k
0.61%
4.67%
2.82%
All Other Miscellaneous Manufacturing
Manufacturing
US
Santa Fe
About SASI
sigma labs, inc., develops and engineers advanced, in-process, non-destructive quality inspection systems for commercial firms worldwide seeking productive solutions for metal-based additive manufacturing or 3d printing, and other advanced manufacturing technologies. sigma labs is pioneering the commercialization of in-process metallurgical and geometric quality assurance monitoring technology. printrite3d® with its software modules inspect™, contour™ and analytics™ is the industry's first, commercially available, platform independent, third party in-process quality monitoring system for metal additive manufacturing. it is available as a fully embedded oem installation or a stand-alone connection to your existing machines. additionally, sigma labs conducts contract metal 3d printing in materials inconnel718, 316 stainless, titanium, aluminum and ms1 tool steel. for more information please visit www.sigmalabsinc.com. for inquiries contact: sales@sigmalabsinc.com follow sigma labs on twi