Sigma Additive Solutions Announces Special Meeting Of Stockholders To Approve Name Change To NextTrip, Inc. And Amendment To Charter To Increase Authorized Shares Of Common Stock From 1.2M To 250M
Portfolio Pulse from Benzinga Newsdesk
Sigma Additive Solutions, Inc. (NASDAQ:SASI) announced a special meeting for stockholders to vote on changing the company's name to NextTrip, Inc. and increasing authorized common stock shares from 1.2M to 250M. The meeting is set for March 8, 2024, and aims to transition the business focus to travel operations. NextTrip has integrated a scalable travel booking engine, assembled a new management team, and established over 200 direct relationships with travel organizations. The company is preparing to re-activate its travel booking platform and anticipates growth in the travel industry.
February 12, 2024 | 2:14 pm
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Sigma Additive Solutions, Inc. (SASI) plans to change its name to NextTrip, Inc. and increase its authorized common stock shares, indicating a strategic pivot to travel operations with a focus on growth through a scalable travel booking engine and strategic partnerships.
The proposed name change and increase in authorized shares signal a significant strategic shift for SASI towards the travel industry, which could attract investor interest due to the potential for growth in this sector. The integration of a scalable travel booking engine and the establishment of over 200 direct relationships with travel organizations suggest a strong foundation for future expansion. However, the success of this pivot and its impact on the stock price will depend on the execution of the company's growth strategies and the travel industry's performance.
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