QualityStocksNewsBreaks – Sigma Labs, Inc. (NASDAQ: SGLB) to Effect Reverse Stock Split to Regain Compliance with Nasdaq Listing Rule
Sigma Labs (NASDAQ: SGLB), a leading developer of quality assurance software for the commercial 3D printing industry, today announced that it will effect a one-for-ten reverse stock split of its outstanding common stock to regain compliance with the minimum $1.00 bid price per share requirement of Nasdaq Listing Rule 5550(a)(2). According to the update, Sigma’s common stock will begin trading on the Nasdaq Capital Market on a split adjusted basis at market open on Friday, February 28, 2020, and will continue to trade under the “SGLB” symbol. Following the reverse stock split, the new CUSIP number for the common stock…