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Sigma Additive Solutions to Acquire NextTrip.

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MANews-(C)2009-2023

US-based quality assurance software provider Sigma Additive Solutions, Inc. (NASDAQ: SASI), serving the commercial 3D printing industry, has agreed to acquire US-based travel technology provider NextTrip Holdings, Inc., the company said.

Pursuant to the terms and conditions of the Agreement, Sigma will acquire 100% of the capital stock of NextTrip in exchange for shares of Sigma common stock constituting 19.99% of its outstanding common stock 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 will receive a total of 6 m shares of Sigma's common stock, resulting in existing Sigma holders retaining, on a pro forma basis, 9.8% of the total outstanding shares.

Based on an analysis by Sigma's financial advisors, NextTrip has an implied enterprise valuation of approximately USD50 m.

Sigma has signed a definitive asset purchase agreement to sell its in-process quality assurance technology suite of assets to Divergent Technologies, Inc., inventor of the Divergent Adaptive Production System (DAPSTM) and parent company of...

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