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Recruiter.com Group, Inc., traded as RCRTW, is a leading hiring platform for recruiters, empowering businesses to recruit specialized talent faster. With a network of over 28,000 recruiters and AI-driven job matching technology, Recruiter.com offers Recruiters On Demand to source talent efficiently. Their recent strategic acquisitions and partnerships aim to enhance shareholder value and address market complexities.
Recruiter.com (NASDAQ:RCRT)(NASDAQ:RCRTW) has completed its registered direct offering, closing the sale of 481,000 shares of common stock at $1.00 per share.
The offering, initially expected at 400,000 shares, was expanded due to investor demand, resulting in $481,000 in gross proceeds. There were no placement agent fees or other expenses associated with the offering.
The proceeds will be used for working capital and general corporate purposes. The offering was made under a 'shelf' registration statement on Form S-3, declared effective by the SEC on September 30, 2022.
Recruiter.com Group (NASDAQ:RCRT) announced a $400,000 registered direct offering of 400,000 shares at $1.00 each. The transaction is expected to close by June 5, 2024, subject to customary conditions. The shares are offered under a shelf registration statement filed with the SEC. Additionally, Recruiter.com plans to exchange existing debt for Series G Preferred Stock, convertible into common stock at a discounted rate, with debt-related claims waived. This reorganization aims to streamline the balance sheet, increase equity, and explore strategic acquisitions. Final agreements are anticipated by June 30, 2024.
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