Sigma Additive Solutions Announces Filing Of Definitive Proxy Statement Relating To Proposed Acquisition And Shareholder Vote
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Sigma Additive Solutions, Inc. (NASDAQ:SASI) has filed its definitive proxy statement with the SEC regarding the proposed acquisition of NextTrip Holdings, Inc. Shareholders as of November 20, 2023, are encouraged to vote on the acquisition and other matters at the Annual Meeting on December 28, 2023. The acquisition involves Sigma acquiring all capital stock of NextTrip in exchange for 19.99% of Sigma's outstanding common stock and additional contingent shares based on NextTrip's post-closing performance.
December 07, 2023 | 1:40 pm
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Sigma Additive Solutions is proceeding with the acquisition of NextTrip Holdings, with a shareholder vote scheduled for December 28, 2023. The deal terms include Sigma issuing 19.99% of its common stock and additional contingent shares to NextTrip.
The definitive proxy statement filing and upcoming shareholder vote are significant steps towards finalizing the acquisition. The transaction could potentially bring synergies and growth opportunities for Sigma, which may be viewed positively by investors. The issuance of 19.99% of Sigma's stock and additional contingent shares indicates a substantial equity action, which could affect the stock price in the short term. However, the final impact will depend on shareholder approval and the perceived benefits of the acquisition.
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