Sigma Additive Solutions (SASI) has released an update to notify the public and investors about the unregistered sales of equity securities.
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On January 26, 2024, the Company issued 150,000 shares of Series H Convertible Preferred Stock to two parties in exchange for resolving certain obligations. These shares, along with Series G Preferred shares previously mentioned, were issued as exempt transactions under the Securities Act of 1933, specifically Section 4(a)(2) and/or Regulation D, making them “restricted securities” as defined by Rule 144. This status also applies to common stock derived from these Preferred Shares upon conversion.
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For a comprehensive understanding of the announcement, you can read the full document here.