Recruiter.com Group, Inc. - RCRT STOCK NEWS

Recruiter.com Group, Inc. (Nasdaq:RCRT, RCRTW) has completed a public offering of 2,400,000 units at $5.00 each, generating gross proceeds of $12 million. Each unit comprises one share of common stock and a warrant to purchase additional shares at $5.50. The offering also includes a 45-day option for underwriters to buy up to 360,000 additional shares or warrants. The funds will be utilized for sales and marketing of recruiting tools, strategic acquisitions, and working capital. The stock began trading on Nasdaq on June 30, 2021.

Recruiter.com Group, Inc. has announced a public offering of 2,400,000 units priced at $5.00 per unit. Each unit includes one share of common stock and one warrant with an exercise price of $5.50. The offering aims to raise approximately $12.0 million before expenses. The Common Stock and Warrants will commence trading on Nasdaq under the symbols RCRT and RCRTW, respectively. Proceeds will be invested in sales and marketing, strategic acquisitions, and general working capital. The offering is set to close on July 2, 2021.

Recruiter.com Group (OTCQB:RCRT) announced that its Chairman and CEO, Evan Sohn, will present the May results of the Recruiter Index on CNBC and Yahoo Finance. The Recruiter Index, based on sentiment from over 29,000 recruiters, is known for accurately forecasting the Labor Department's jobs report. Sohn's appearances are scheduled for June 3 (CNBC) and June 4 (Yahoo Finance), where he will share insights on the hiring landscape as businesses continue to recover. This presentation is expected to highlight areas showcasing growth potential amid the ongoing economic recovery.

Recruiter.com Group, Inc. (OTCQB:RCRT) has partnered with KarmaCheck, enhancing its hiring platform with innovative candidate screening tools. KarmaCheck is recognized for its efficiency and extensive verifications for the fast-paced workforce, contributing to streamlined hiring and onboarding processes. This collaboration is timely as businesses scale up their teams amidst economic recovery. Recruiter.com continues to expand its marketplace offerings, providing over 800,000 recruiters with essential services, including flexible workspace solutions through WeWork.

Recruiter.com Group, Inc. (RCRT) reported its first quarter 2021 results, highlighting a 39% revenue increase to $3.2 million compared to the previous quarter, driven by the growing Recruiters on Demand service. Despite this growth, the company posted a net loss of $6.3 million or $.96 per share, impacted by $4.7 million in non-cash expenses. The company also acquired Upsider.ai and Scouted.io to enhance its offerings and launched new services, positioning itself for further growth in a robust hiring landscape.

Recruiter.com has completed the acquisition of OneWire, a prominent SaaS-based recruiting platform for financial services, enhancing its client roster to over 150 and candidate database to 700,000 professionals. This strategic move, finalized on May 10, 2021, aims to streamline hiring processes in the finance sector by combining Recruiter.com’s AI-driven services with OneWire’s pre-vetted candidate matching. The acquisition is expected to bolster Recruiter.com’s offerings, ensuring better access to highly skilled financial talent for its clients.

Recruiter.com Group, Inc. (OTCQB:RCRT) announced that Chairman and CEO Evan Sohn will be featured on Yahoo Finance Live on May 7, from 1 p.m. to 2 p.m. During the interview, he will cover the Company's Recruiter.com Index, the April jobs report, and current recruiter sentiment, focusing on strategies to accelerate the rehiring process. The Yahoo Finance segment is recognized for discussing significant financial stories and trends impacting the market.

Recruiter.com Group, Inc. (OTCQB:RCRT) announced that CEO Evan Sohn will present the Recruiter Index® results on CNBC on May 6, 2021. The Recruiter Index® includes insights from over 27,750 recruiters and forecasts job market trends effectively. Sohn expressed enthusiasm about sharing valuable hiring data that reflects growth potential as the economy recovers. This marks the 12th consecutive month the Recruiter Index® will be featured on CNBC, showcasing its significance in understanding labor market dynamics.