SGMA - SigmaTron rallies on merger agreement with pet tech company Wagz

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.

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SigmaTron rallies on merger agreement with pet tech company, Wagz