- SigmaTron International (SGMA +26.3%) and privately held pet technology company, Wagz executed a definitive agreement and plan of merger.
- Under the agreement, SigmaTron would issue 2.44M shares to Wagz shareholders leading to Wagz stockholders owning up to ~28% of SigmaTron.
- Deal is expected to close by September 2021.
- The pandemic has increased pet ownership worldwide, creating greater opportunities for the products that fall under the Wagz strategic vision.
- Wagz expects to launch the Wagz Freedom Smart Dog Collar shortly, which will be manufactured by SigmaTron.
SigmaTron rallies on merger agreement with pet tech company, Wagz
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Symbol | Last Price | % Chg |
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SigmaTron International, Inc. |