Shares of Sigma Additive Solutions, Inc. (SASI), a provider of quality assurance solutions to the additive manufacturing industry, are rallying more than 150% Friday morning.
Sigma has signed an agreement to sell some of its assets consisting primarily of patents, software code and other intellectual property to Divergent Technologies, Inc.
In addition it has decided to acquire NextTrip Holdings, Inc., a travel technology company, in an all-stock transaction. NextTrip has an implied enterprise valuation of about $50 million. The deal is expected to be completed in the fourth quarter of this year.
SASI, currently at $6.38, has traded in the range of $2.39 - $15.80 in the last 1 year.
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.