SigmaTron and Wagz Announce Letter of Intent for Merger Transaction
SigmaTron International, Inc. (SGMA)
US:NASDAQ Investor Relations:
sigmatronintl.com/investor-relations
Company Research
Source: GlobeNewswire
ELK GROVE VILLAGE, Ill. and PORTSMOUTH, N.H., June 04, 2020 (GLOBE NEWSWIRE) -- SigmaTron International, Inc. (NASDAQ: SGMA), (“SigmaTron”) an electronic manufacturing services company, and Wagz Inc. (“Wagz”), a privately held Pet Technology(“Pet Tech”) company, today announced that they have executed a Letter of Intent (“LOI”) relating to a proposed business combination. Subject to the terms and conditions set forth in the LOI, SigmaTron would issue approximately 2,270,000 new shares of SigmaTron stock that would result in the Stockholders of Wagz owning approximately one-third of the combined company. The expectation is that the deal will be closed by the end of August 2020 and it remains subject to achievement of certain milestones and satisfaction of conditions by both parties prior to closing such as finalizing a material definitive agreement and SigmaTron’s raising of additional capital that it projects will be needed for the expanded operations in the amount of at least $7.
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SGMA
News
- SigmaTron International, Inc. (NASDAQ: SGMA) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- SigmaTron International, Inc. (NASDAQ: SGMA) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- SigmaTron International, Inc. (NASDAQ: SGMA) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- SigmaTron International, Inc. (NASDAQ: SGMA) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- SigmaTron International, Inc. (NASDAQ: SGMA) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
SGMA
Sec Filings
- 3/11/24 - Form 10-Q
- 3/8/24 - Form 8-K
- 2/2/24 - Form SC
- SGMA's page on the SEC website