- Sigma Additive Solutions shares dropped 36% to $3.80 on Monday
- Shares had more than doubled in Friday’s session
- Sigma is buying NextTrip Holdings, a travel technology company
- Sigma agreed to sell its in-process quality assurance technology suite of assets to Divergent Technologies
- NextTrip CEO William Kerby will become CEO of Sigma
- NextTrip will have the right to appoint one member to the board of directors
- Sigma is expected to change its name to NextTrip and be listed on Nasdaq
Sigma Additive Solutions shares experienced a significant drop of 36% to $3.80 on Monday, following a remarkable increase in Friday’s session. The drop came after the announcement that Sigma is acquiring NextTrip Holdings, a travel technology company. In addition, Sigma has agreed to sell its in-process quality assurance technology suite of assets to Divergent Technologies. As part of the deal, NextTrip CEO William Kerby will take over as CEO of Sigma, and NextTrip will have representation on the board of directors. Sigma is also planning to change its name to NextTrip and be listed on Nasdaq.
