Bill Ackman Eyes New Fund to Bet Against Market Complacency 
FedEx Pilots and Union Reach Tentative Agreement on 40% Pay Increase 
China's AI Stocks Surge as Zhipu and MiniMax Hit Record Highs 
Goldman Sachs, ANZ Cut Oil Forecasts Amid U.S.-Iran Ceasefire Hopes 
Chalco Stock Surges as Q1 2025 Profit Forecast Jumps Up to 58% 
Samsung Electronics Eyes Record Q1 Profit Amid AI-Driven Chip Boom 
Bendigo and Adelaide Bank Posts Strong Q3 Earnings, Announces AI-Driven Job Cuts 
LG Electronics Posts Record Q1 Revenue Amid Strong Demand and Cost Improvements 
U.S. Automakers Push Back Against EU Rules Blocking American Trucks from European Market 
Anthropic Fights Pentagon Blacklisting in Dual Federal Court Battles 
Paramount Skydance Secures $24B from Gulf Sovereign Wealth Funds for Warner Bros. Discovery Takeover 
Private Credit Under Pressure: Is a Slow-Motion Crisis Unfolding? 
Apple's Foldable iPhone Faces Engineering Setbacks, Mass Production Timeline at Risk 
Alibaba Shares Slide as Jefferies Slashes Price Target Over AI Spending and Business Losses 
UAE's Largest Natural Gas Facility Suspended After Attack-Triggered Fire 
SANTA FE, N.M., Oct. 20, 2016 -- Sigma Labs, Inc. (OTCQB:SGLB) (“Sigma Labs” or the “Company”), a provider of quality assurance software under the Company's PrintRite3D® brand, today announced that it has closed a private placement by the Company of Secured Convertible Notes in the aggregate principal amount of $1,000,000 (the "Notes") and three-year warrants to purchase up to 160,000 shares of the Company's common stock, under a Securities Purchase Agreement with certain accredited investors (the “Investors”). Aggregate gross proceeds, before expenses, to the Company were $900,000. The Notes are secured by the assets of the Company pursuant to a Security Agreement. Additional information regarding the financing is included in the Company's Form 8-K filed on October 20, 2016 with the Securities and Exchange Commission.
“I am very pleased to announce the closing of this financing transaction,” said Mark Cola, President and CEO of Sigma Labs. “As the Company continues to aggressively pursue new contracts and licenses of our PrintRite3D® software, this capital will help strengthen our R&D efforts as well as support new business development initiatives. We appreciate the confidence that the investors have shown in Sigma Labs’ future and the increasing role we will play in the additive manufacturing applications of tomorrow.”
About Sigma Labs, Inc.
Sigma Labs, Inc. is a provider of quality assurance software under the PrintRite3D® brand and a developer of advanced, in-process, non-destructive quality assurance software for commercial firms worldwide seeking productive solutions for advanced manufacturing. For more information please visit us at www.sigmalabsinc.com.
Investor Relations Contact: Chris Witty [email protected] 646-438-9385
