Sigma Additive to acquire NextTrip for $50M implied EV; sells QA assets to Divergent

NextTrip, Inc.

Sigma issues 19.99% of outstanding shares upfront; total contingent shares up to 6M (90.2% pro forma ownership).
NextTrip implied enterprise value of ~$50M per financial advisor analysis.
NextTrip CEO William Kerby to become CEO of combined company; Sigma to rename to NextTrip, Inc.
Sigma also signed definitive agreement to sell in-process quality assurance assets to Divergent Technologies.
Closing expected Q4 2023, subject to shareholder and regulatory approvals.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

NextTrip, Inc. entered into Share Exchange Agreement with NextTrip Holdings, Inc., NextTrip Group, LLC (effective 2023-10-12).

Action: entry
Agreement: merger
Counterparty: NextTrip Holdings, Inc., NextTrip Group, LLC
Effective: 2023-10-12

Exact text from the filing

On October 12, 2023, Sigma Additive Solutions, Inc. ("we," "us," "our," "Sigma" or the "company") entered into a Share Exchange Agreement with NextTrip Holdings, Inc., or NextTrip, and NextTrip Group, LLC, the sole stockholder of NextTrip, which we refer to as NextTrip Parent, and the NextTrip Representative, pursuant to which we will acquire NextTrip (the "Acquisition") in exchange for shares of our common stock

View on SEC.gov

38 material agreements filed in the last 30 days. Browse all material agreements →

NextTrip, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-037109

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