Sigma Labs Announces $9.7 Million Registered Direct Offering Priced At-The-Market under Nasdaq Rules

Sigma Labs, Inc. (NASDAQ:SGLB) ("Sigma Labs" or the "Company"), a leading developer of quality assurance software for the commercial metal 3D printing industry, today announced that it has entered into securities purchase agreements with institutional investors to purchase 2,190,000 of its shares of common stock in a registered direct offering priced at-the-market under Nasdaq rules. Additionally, Sigma Labs has also agreed to issue to the investors short-term warrants to purchase up to an aggregate of 2,190,000 shares of common stock in a concurrent private placement. The combined purchase price for one common stock and a warrant to purchase one share of common stock is $4.445. The warrants have an exercise price of $4.32 per share, are exercisable upon the Company's receipt of shareholder approval to increase its number of authorized shares of common stock from 12 million shares to 24 million shares for a period of two years.