Sigma Additive Solutions, Inc. (NASDAQ:SASI) shares gallop Wednesday, on the completion of its acquisition of NextTrip Holdings, Inc., a travel technology company based in Sunrise, Florida, 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, Sigma CEO Jacob Brunsberg resigned from such roles, and NextTrip CEO Bill Kerby was appointed a Chief Executive Officer of Sigma. 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 Brunsberg. "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."
SASI shares leaped 45 cents, or 65.5%, to $4.80.
Related Stories
