Sigma Additive Solutions Inc (SASI) Quote

I bailed a couple of years ago after holding onto SGLB for a few years, lost money on it. SGLB had a great concept that was blown by the worst leadership ever. Now it is a .....travel agent? Hoo boy. My advice is to take your marbles and go home from this one. There are a lot of good stocks out there now, under $15 a share.

NTRP has no board. Not that it matters. My cost basis is still around $1050 whether it’s SGLB, SASI or NTRP. Worst decision of my life.

Regards,
Murray Winklebottom

New proxy statement states 250M shares now. Vote no on proxy. Just look up when happened to NXTP (the CEOs legacy company). No revenue and empty promises just like the latest press release.

What have holders done since Sigma went under?

I’m still holding because I’ve lost it all and what’s left is not worth selling. Hoping for a Hail Mary or will sell it in a profitable year for tax.

https://ih.advfn.com/stock-market/NASDAQ/sigma-additive-solutions-SASI/stock-news/92998619/form-8-k-current-report

HAPPY NEW YEAR!
FOUND THIS VERY INTERESTING, AND SHARING WITH YOU******WATCH AT YOR LEISURE TIME******DARK POOL

OUCH!!...Is it possible that I am mistaken?

HIGH Risk Tolerance.............IN it, to WIN IT

Tiny float... brace yourself for a thrilling roller coaster experience.

Happy Trading

I like the dolloar volume so I entered 4.51 using some of NEXI profits$$$$$

NEWS
Sigma Additive Solutions Completes Acquisition of Travel Technology Company NextTrip Holdings
Sigma Additive Solutions Shareholders Approved Proposals Enabling Acquisition of NextTrip Holdings, Inc. on December 28, 2023

NextTrip Specializes in Using Proprietary Technology, Analytics and Strategic Partnerships to Provide Specialized Solutions in Leisure, Wellness and Business Travel

SANTA FE, NM / ACCESSWIRE / January 3, 2024 / Sigma Additive Solutions, Inc. (NASDAQ:SASI) ("Sigma", "we," "our," or the "Company") today announced the completion of its acquisition of NextTrip Holdings, Inc., a travel technology company based in Sunrise, Florida ("NextTrip"), through a previously announced share exchange. The acquisition, which was first announced October 2023, closed on December 29, 2023, at which time NextTrip became a wholly owned subsidiary of the Company. Additionally, effective upon closing of the acquisition, Jacob Brunsberg, President and Chief Executive Officer of Sigma, resigned from such roles, and Bill Kerby, Chief Executive Officer of NextTrip, was appointed a Chief Executive Officer of Sigma. Mr. Brunsberg will continue to serve as a director on Sigma's board.

On December 28, 2023, at Sigma's 2023 annual meeting of shareholders, Sigma shareholders voted to approve the issuance of shares of Sigma common stock associated with the acquisition of NextTrip, pursuant to the Share Exchange Agreement entered into with NextTrip and certain other parties in October 2023, and to further approve the terms of such Share Exchange Agreement.

"We are pleased to have received the overwhelming support of shareholders that voted for this transformative acquisition," said Jacob Brunsberg, former President and Chief Executive Officer of Sigma. "We look forward to integrating NextTrip in the near-term and working with the NextTrip team to increase shareholder value by providing a significant opportunity to participate in a leading travel brand with an array of product offerings and concierge services."

Bill Kerby, Chief Executive Officer of NextTrip and the newly appointed Chief Executive Officer of Sigma, commented, "We thank everyone who participated in the meeting and vote, and believe the acquisition will maximize value for all shareholders. This transaction will allow NextTrip the ability to execute our strategic growth plans and expand our reach into new markets as part of a public company for the benefit of Sigma equity holders, while tying the issuance of additional earn out equity to clear business objectives for NextTrip. Our growth and expansion plans are highly focused on the roll out of key technology developments that will broaden our footprint as an innovative travel technology company specializing in using proprietary technology, analytics, and strategic partnerships to provide customized, unique and differentiated travel solutions in leisure, wellness, and business travel. As a public company with access to additional sources of capital, we will be focused on scaling our travel booking engine that, prior to the COVID-19 pandemic, had an over 6 million legacy customer database and generated over $400 million in bookings in 2019."

Lyndsey North, President of NextTrip, commented, "This transaction is the capstone to a foundation-building 2023 for NextTrip, and we believe that it positions us for a transformational year ahead. Throughout the year we continued to position NextTrip as a significant player in the travel space, building over 200 direct relationships with blue-chip travel organizations, as well as major industry suppliers for air, hotel and other travel and travel-related services to ensure robust products and an offering of more than 2 million hotels worldwide. Our focus was on contracting and re-contracting with travel product suppliers and connecting APIs with vendors and suppliers. Our platform is now directly connected to top channel managers such as Dingus, HBSI and more. We also have in place a dedicated U.S.-based call center team with decades of product and destination knowledge.

"Our team has been diligently working on a comprehensive technology update and integration of our acquired scalable travel booking engine into the NextTrip ecosystem in preparation for its full launch. A soft launch in late November 2023 resulted in top-line revenue growth of over 75% vs the prior month. At go-live, we expect to have over 3 million properties available in more than 200 countries worldwide. Additionally, we have a curated collection of more than 200 of the most sought-after resorts in Mexico and the Caribbean that we intend to strategically scale. In the past several weeks, we have been beta testing the platform, technology, and connections. A marketing beta program received strong opens and conversions to bookings. We are now preparing to shift to the live production site and ramping up marketing to our 6+ million customer database, with a target launch in the next 30-60 days. Looking ahead into 2024, we are highly enthusiastic for our business and expect the launch and ramp of our booking platform will act as a significant accelerator for NextTrip," concluded North.

Additional information about the acquisition and the terms thereof are included in the Current Reports on Form 8-K filed by Sigma with the Securities and Exchange Commission (SEC) on October 10, 2023 and January 3, 2024, as well as the Definitive Proxy Statement filed by Sigma with the SEC on December 1, 2023. Additional information about Sigma's annual meeting of shareholders and items approved at thereat are included in the Current Report on Form 8-K filed by Sigma with the SEC on January 2, 2023, as well as the Definitive Proxy Statement filed by Sigma with the SEC on December 1, 2023.

Highlights of NextTrip & the Acquisition

As previously announced on October 13, 2023, Sigma entered into a Share Exchange Agreement with NextTrip and certain other parties, pursuant to which it agreed to acquire 100% of the capital stock of NextTrip in exchange for shares of Sigma common stock constituting 19.99% of its outstanding common stock at closing of the acquisition, plus additional contingent shares of Sigma common stock upon the achievement of post-closing milestone earnouts tied to the business performance of NextTrip.
Assuming all business milestones are achieved, NextTrip's equity holders will receive a total of 6 million shares of Sigma common stock, resulting in existing Sigma holders retaining, on a pro forma basis, approximately 11.5% of the total outstanding shares.
At closing, Sigma President and CEO, Jacob Brunsberg, resigned from such roles (but will remain a director on the company's board), and NextTrip CEO, William Kerby was appointed as CEO of the company. Additionally, Mark Ruport, chairman of the company's board of directors, resigned, and Donald Monaco, who was designated by NextTrip, was appointed as a director and chairman to fill the vacancy created by Mr. Ruport's resignation.
Going forward, the remaining board seats will continue to be filled by Sigma's current directors during the realignment period, with NextTrip earning the right to designate additional board members and officers upon reaching business milestones in accordance with the Share Exchange Agreement.
The company intends to change its ticker symbol to "NTRP" in the near future, and subject to stockholder approval, to change the name of the company to NextTrip, Inc.
Lake Street Capital Markets acted as the financial advisor to Sigma in connection with the acquisition.
The acquisition provides the opportunity for NextTrip to become a publicly traded company on Nasdaq. The transaction will be transformational since, as a public company, NextTrip is expected to have access to additional sources of capital on more favorable terms to fund strategic growth initiatives, as well as the ability to tap into adjacent markets and more efficiently scale existing operations.
NextTrip recently completed the acquisition and integration of a scalable travel booking engine that, prior to the COVID-19 pandemic, had a 6 million + legacy customer database and generated over $400 million in bookings in 2019. The parties expect that the booking engine acquisition will act as a significant accelerator to the company's business.
NextTrip has assembled a team with more than 100 years of combined travel experience that brings deep experience across key areas of the travel industry including online travel distribution, wholesale distribution and travel technology. We believe that the team's strong relationships and industry experience serve as a catalyst for positioning NextTrip as a significant player in the travel space.
In 2023, NextTrip established more than 200 direct relationships with blue-chip travel organizations, as well as major industry suppliers for air, hotel and other travel and travel-related services to ensure robust products and an offering of more than 2 million hotels worldwide.
Following a period of strategic realignment which is tied to certain NextTrip business objectives, NextTrip's potential future initiatives will be focused on driving the company's renewed growth agenda, exploring strategic M&A to drive revenue synergies through the expansion of product and travel consumer offerings, and continuing to invest in the development of innovative technologies to connect travel customers for discovery and booking domestic and international destinations.
About NextTrip

NextTrip is a technology-driven platform delivering innovative solutions for business and leisure travel. NextTrip Leisure provides individual and group travelers with vacations to the most popular and sought-after destinations in Mexico, the Caribbean and across the world. NextTrip Business is an online corporate travel and expense management solution with a large inventory of travel options and discounted rates. NextTrip Solutions offers travel technologies that make the jobs of alternative lodging property managers, wholesalers, distributors and other travel industry players easier and more efficient. For more information and to book a trip, visit https://investors.nexttrip.com/.

About Sigma Additive Solutions

Sigma Additive Solutions, Inc. has historically been a provider of in-process quality assurance (IPQA™) solutions to the additive manufacturing industry. Sigma has specialized in the development and commercialization of real-time monitoring and analytics known as PrintRite3D® for 3D metal and polymer advanced manufacturing technologies. PrintRite3D detects and classifies defects and anomalies real-time during the manufacturing process, enabling significant cost-savings and production efficiencies by reducing waste, increasing yield, and shortening cycle times.

As previously disclosed in Sigma's filings with the SEC, in October 2023 Sigma entered into an Asset Purchase Agreement, pursuant to which it has agreed to sell its historic business to Divergent Technologies, Inc. The sale is expected to be completed in January 2023, at which time the NextTrip business will become the sole business of the company.

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of

Stop it.

And it goes up. Lol!

the approval of an amendment to our Articles to increase the authorized shares of our common stock from 1,200,000 shares to 100,000,000 shares (the “Capital Increase Proposal”);

https://ih.advfn.com/stock-market/NASDAQ/sigma-additive-solutions-SASI/stock-news/92928132/form-8-k-current-report

SASI 8-k

https://ih.advfn.com/stock-market/NASDAQ/sigma-additive-solutions-SASI/stock-news/92609893/form-8-k-current-report

GLTA

Thanks Outlook2020
given the failed history of Sigma Labs with quality sensing, I imagine that the IP purchase was at less than pennies on the dollar of asset value. I have no idea what the asset value of a patent is for Sigma?

IMO, They (any company with ip) always find a way to move ip that should go to the shareholders by way of repayment to a loan from an old friend long ago that was not repaid. I believe SGLB had such a loan that wasn’t repaid around 2018-2019. We’ll see if it resurfaces.

Is there any news regards funds from IP sale to Divergent3D?

I get it what you are saying, the current management has been a shame for most if not all shareholders since inception and the reverse split, no one moving forward here as far as investors are concerned will be here for long term or even mid term, enterprise value is 50 million dollars for Nextrip, this is just a swing trade until half that valuation is achieved, if you go back in history and look at what these stocks did with the likes of Expedia back in 90's. No one cares for the management, just play the merger news and hope that the float gets locked by then and wait for a massive move.

Almost time for my fills again.

Caution to all the noob's coming into SASI. The history with this BOD and CEO has not been good. A lot of investors and employees got screwed big time. Hopefully, things will turn around and the current BOD and CEO will not be part of NextTrip.

SASI dips down to my average again between today and tomorrow, will buy another round for 600 shares.

These type of moves got to hold till merger news. Good luck.

Nice move so far today

SASI is gearing up for a massive move.

SASI is going to pop big, once merger is announced and will hit double digit dollars. Currently sitting only at 3 million market cap, it has a lot of room left to run.

SASI is going to double digit dollars as soon as the deal closes, probably even sooner. Got in today after the dust settled in mid 4's, 50 million enterprise value puts this gem and low floater on launch pad to the stratosphere.

Any guess on what could explain this recent spike? This has been such a miserable turd for me with the r/s and failed business it won't ever be profitable. I certainly don't think pivoting to a travel business is going to be any better.

Looking real SASI here...

GhosT

Nice move

When a one day volume is about 74 times the outstanding shares you got to think it's just the computers playing games with shorting. TD had the short interest at 60% a week ago, now it's down to 8% reported. I'm thinking it'll be back sky high before the closing, again.

LOL, yeah me too, maybe even a bit higher....

LOL!

I hope all is well.

My cost basis is $1054. Go Sigma!

Evidently $4.50

IMO, if people read the fine print of the PR. The board of directors are going to be filled out by previous board members of SASI. Not really a group with recent real good past performance. They couldn’t keep a printer running. What makes any one think they can make finicky traveling consumers happy.

Tiny SS. What’s a realistic price for this?

SASI...NEXT BEAST

Early Barchart Top 100
https://www.barchart.com/stocks/performance/percent-change/advances?orderBy=percentChange&orderDir=desc

https://ih.advfn.com/stock-market/NASDAQ/sigma-additive-solutions-SASI/stock-news/92269926/sigma-additive-solutions-announces-signing-of-defi

they done even have one now.. infact they dont even have a premesis.

https://sfbi.net/clients/

not listed as a client at the Santa Fe business incubator.

No, just one

Is that the only one they ever managed to purchase? That could certainly be the case.

That printer alone was mostly used to store "insert joke " on top of it.

I was aware that Sigma had one EOS M280 machine. Did they have other machines too?

Off to sink another company?

https://www.linkedin.com/posts/uniformity-labs-inc_sigma-additive-solutions-ceo-jacob-brunsberg-activity-7112456287946174465-Mvag?utm_source=share&utm_medium=member_desktop

this isn't a "massive deal" this is a company who is not on the nasdaq buying a bankrupt company that is listed to get on the nasdaq at a bargain price.

They sold off there IP ( probably to a patent troll ), they have sold all there assets and now the last thing they have of any value is there listing.

It doesnt matter how much the stock continues to crater ( and crater it will) because they will continue to issue enough new shares and r/s to keep the listing.

All Sigma investors will have lost all there money

They probably could have contracted out/leased their printers all this time and made a lot more revenue than what's been made all these years.

Its like a garage startup that never left the garage, though at one point you had about a half dozen sales team members, and no product.

Covid likely sped up the company's ultimate decline as the industry tightened its spending, and face to face meetings became became remote meetings, but it was headed in the same direction regardless. Even if Covid doesn't take place, it only buys probably another two years of the same action.

I don't understand some of your projections. This stock on this day 9/7 is trading in the $7-$8 range and yesterday it was in the $3-$4 range but your post is saying it's going to $1 near term based on a massive deal.

Yeah, sure it was.
Funny how r/s can bring out the ridiculous stuff.

SASI, was High as $74.5, tiny float.