Sigma Additive, in order to transition into an online travel company, sells its 3D printing IP.

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The global economic landscape is always full of surprises, and the latest development in the 3D printing industry is no exception. Sigma Additive Solutions (NASDAQ: SASI) has shocked the market by announcing that it will be selling its 3D printing intellectual property (IP) and acquiring the assets of an online travel company, NextTrip. This unexpected move has left many industry experts scratching their heads.

Sigma Additive Solutions is known for its PrintRite3D technology, which uses sensors and software to monitor various aspects of metal laser powder bed fusion (LPBF) machines. Traditionally, monitoring these machines internally was a risky proposition, as it could void the warranty or require assistance from the original equipment manufacturer (OEM). This led Sigma to collaborate directly with OEMs and aerospace entities through America Makes, ensuring the proper monitoring and quality control of their machines.

However, newer companies like Additive Assurance and Phase3D have entered the market with alternative quality assurance solutions. These companies mount equipment on easily accessible parts of the printer and use advanced techniques like structured light scanning. This has allowed them to move beyond the traditional reliance on optical and thermal cameras. Sigma’s PrintRite3D technology, while innovative, may not be able to keep up with these newer, more accessible solutions.

In March 2023, Sigma announced that it was exploring options to increase shareholder value, including strategic investments, acquisitions, mergers, business combinations, or similar transactions. With Lake Street Capital Markets as their financial advisor, the company has found a buyer for its 3D printing assets, though the identity of the buyer remains unknown. Potential buyers could include companies like Materialise, who could use Sigma’s IP to enhance their own AM quality control portfolio. Other possibilities include end users like Honeywell, who have previously tested Sigma’s technology for aerospace applications, or machine manufacturers like EOS or Nikon.

It’s worth noting that Sigma has had a rocky history as a business entity. As a penny stock, it was initially met with skepticism by many due to concerns about its legitimacy. However, the company’s partnerships with significant industry players and reassurances from market insiders helped to dispel some of these doubts. Still, Sigma has struggled to achieve the success that its collaborators would suggest. This could be due to a variety of factors, including technology limitations or an ineffective business model.

This brings us to the surprising acquisition of NextTrip by Sigma Additive Solutions. Sigma has entered into a non-binding letter of intent to acquire 100% of NextTrip’s capital stock. In exchange, NextTrip will receive shares of Sigma’s common stock, amounting to approximately 19.99% of its outstanding shares. Additional shares will be awarded based on performance milestones achieved after the deal is closed. With each Sigma share valued at $0.40, the total valuation of the deal could reach around $48 million if all milestones are met.

NextTrip is a travel company that aims to diversify and intensify its business. It recently acquired a scalable travel booking engine that generated over $400 million in bookings in 2019. This acquisition is expected to accelerate NextTrip’s growth significantly. The company has also assembled a new management team with expertise in online travel distribution, wholesale distribution, and travel technology.

The deal with Sigma represents a reverse merger for NextTrip, allowing the company to gain a public listing on the Nasdaq stock exchange. This will provide NextTrip with access to more capital at favorable terms, enabling it to explore adjacent markets and scale its operations more efficiently. Existing Sigma shareholders will retain their equity, which will represent a single-digit percentage of Sigma’s fully diluted equity if NextTrip meets all business milestones.

The transactions between Sigma and NextTrip are expected to be completed in the fourth quarter of 2023. Until then, both companies will continue to operate independently. The future of Sigma Additive Solutions as a 3D printing company remains uncertain, while NextTrip looks to leverage its new public listing to drive growth and potentially explore mergers and acquisitions to expand its product offerings.

It will be interesting to see how this unlikely marriage between a 3D printing company and an online travel company plays out. Only time will tell if Sigma’s decision to venture into the travel industry was a stroke of genius or a risky gamble.

Title: Unveiling the Secrets Behind the “Printing Money: M&A and Public Markets” Panel at 6 to 8, 2023

Introduction:

Welcome, readers! Today, we are here to dive into the intriguing world of 3D printing and explore the noteworthy events that took place during the “Printing Money: M&A and Public Markets” panel, held between the 6th and 8th of 2023. Join us as we unravel the story that lies within this panel discussion, and take a sneak peek into the latest news and updates from the ever-evolving 3D printing industry. Additionally, stay tuned for exclusive information and offers from our trusted third-party vendors.

The Background:

In this digital era, advancements in technology have introduced groundbreaking opportunities, influencing multiple sectors. One such revolutionary innovation is 3D printing, which has gradually transformed from a novel concept to an industrial game-changer. As 3D printing expands its horizons, industry experts have recognized the significance of discussing the various aspects surrounding it.

The “Printing Money: M&A and Public Markets” panel, hosted during the period from 6 to 8, 2023, brought together a panel of distinguished professionals and enthusiasts with the common goal of dissecting the impact of mergers and acquisitions (M&A) on the 3D printing industry. Their primary aim was to explore the potential investment opportunities the market presents and provide insights into the rapidly growing public interest.

The Panel Discussion:

Curious minds flocked to the event, eagerly anticipating the wisdom to be shared during the panel discussion. The anticipation was justified, as each panelist brought their unique experiences and perspectives to the table, resulting in an enlightening dialogue for attendees. The following highlights summarize the key topics explored during the session:

1. M&A Strategies:

The panelists examined the strategic moves involved in M&A activities within the 3D printing industry. They emphasized the role of mergers and acquisitions in accelerating growth, expanding market reach, and fostering innovation. Insightful case studies and success stories were shared, shedding light on the comprehensive restructuring that accompanies such transformative business activities.

2. Public Market Dynamics:

Addressing the growing interest of investors in the 3D printing market, the panelists delved into the dynamics of public markets. They discussed the various factors that influence valuation, such as technological advancements, market trends, and competitive landscapes, empowering potential investors with knowledge to make informed decisions.

3. Industry Collaboration and Partnerships:

Another significant theme explored during the panel focused on the power of collaboration and partnerships in fostering the growth of the 3D printing industry. Experts concurred that shared knowledge, resources, and strategic alliances are vital in driving innovation, solving complex challenges, and enhancing product development.

Stay Up-to-date and Benefit from Third-Party Vendors:

As avid followers of the 3D printing industry, it is crucial to stay informed regarding the latest news and updates within this rapidly evolving sector. By signing up for regular newsletters and alerts, you can ensure that you receive timely information regarding technological advancements, market trends, and exclusive offers from trusted third-party vendors. Maximize your potential by keeping your finger on the pulse of this transformative industry.

Conclusion:

In conclusion, the “Printing Money: M&A and Public Markets” panel was a remarkable gathering where experts and enthusiasts congregated to share knowledge, discuss strategies, and foresee the future of the 3D printing industry. The 6 to 8, 2023 timeframe marked a significant milestone in facilitating insightful conversations about investment opportunities, market dynamics, and the power of collaboration.

We hope this article has provided you with a unique perspective on the panel discussion and its underlying logic. Don’t forget to subscribe to our newsletters to stay up-to-date with the latest 3D printing industry news and receive exclusive offers from third-party vendors. Exciting times lie ahead as this technology continues to shape the world we live in.

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