Sigma Additive Solutions, Inc. announced it has completed a private placement of Series I Convertible Preferred Stock and unregistered warrants for a aggregate proceeds of $672,493.6 on February 15, 2024. The company issued 222,680 Series I Convertible Preferred Stock, par value $0.001 per share at a issue price $3.02 per share for a gross proceeds of $672,493.6 and unregistered warrants to purchase up to 111,340 shares of common stock. Each share of Series I Preferred was sold together with one-half of a Warrant at a combined price of $3.02.

The Warrants shall be exercisable on such date that the Company amends its Articles of Incorporation, as amended, to increase the number of shares of common stock authorized for issuance thereunder by an amount sufficient to issue the shares of common stock issuable upon conversion of the Series I Preferred and Warrants. The Warrants will expire three years following the issuance date and have an exercise price of $3.02 per share. The Company paid placement agent an aggregate cash fee equal to 5% of the gross proceeds of the Offering.

The issuance is pursuant to exemption provided under Regulation D.