Sigma Additive Solutions sells QA suite to Divergent
Summary
Sigma Additive Solutions, Inc. (NASDAQ:SASI), a provider of quality assurance software to the commercial additive manufacturing industry, is selling its in-process quality assurance technology suite of assets to Divergent Technologies, Inc., inventor of the Divergent Adaptive Production System (DAPS) and parent company of the performance automotive company CZV, Inc. (Czinger Vehicles) assets. The deal was concurrent with Sigma acquiring NextTrip Holdings, Inc., a travel technology company based in Sunrise, Florida and de facto exiting the AM market. Regaining compliance was also expected to facilitate the transactions contemplated by Sigma’s recently announced non-binding letters of intent to acquire NextTrip Holdings, Inc. and sell certain quality assurance software assets. The good news is that since the split and since the transactions were announced, the value of the stock has increased significantly (but is still well below the initial trading price). In announcing the signing of a definitive agreement with Divergent, Jacob Brunsberg, President and Chief Executive Officer of Sigma commented: “Sigma has found a fitting home for our in-process quality assurance technology, and we are extremely excited to see Divergent build on our foundational work in connection with its DAPS platform.