Sigma Additive Solutions Shares Rise 62% After Closing NextTrip Buy

Dow Jones

Jan 03, 2024

By Chris Wack

Sigma Additive Solutions shares were up 62% at $4.69 after the company completed its acquisition of NextTrip Holdings, a travel technology company based in Sunrise, Fla., through a previously announced share exchange.

NextTrip will become a wholly owned subsidiary of Sigma.

Effective upon closing of the acquisition, Sigma Chief Executive Jacob Brunsberg resigned, and Bill Kerby, CEO of NextTrip, was appointed CEO of Sigma. Brunsberg will continue to serve as a director on Sigma's board.

Mark Ruport, chairman of the company's board of directors, resigned, and Donald Monaco, who was designated by NextTrip, was appointed as a director and chairman to fill that vacancy.

The company intends to change its ticker symbol to NTRP in the near future, and subject to stockholder approval, to change the name of the company to NextTrip.

Write to Chris Wack at chris.wack@wsj.com

(END) Dow Jones Newswires

January 03, 2024 10:15 ET (15:15 GMT)

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