Welcome to our dedicated page for Staffing 360 news (Ticker: STAF), a resource for investors and traders seeking the latest updates and insights on Staffing 360 stock.
Staffing 360 Solutions, Inc. (STAF) delivers specialized staffing services through its distinctive buy-and-build strategy. This news hub provides investors and industry professionals with essential updates on the company's strategic acquisitions, financial performance, and market positioning.
Access real-time updates on STAF's consolidation efforts across finance, IT, and industrial staffing sectors. Our curated collection includes earnings announcements, merger details, leadership changes, and operational milestones - all critical for understanding the company's growth trajectory.
Key updates feature integration progress of acquired firms, regulatory compliance developments, and service expansion initiatives. Bookmark this page for streamlined access to press releases and objective analysis of STAF's unique approach in the competitive staffing landscape.
Staffing 360 Solutions, Inc. (STAF) announced on April 21, 2023, it has received notification from Nasdaq regarding non-compliance with Listing Rule 5250(c)(1) due to the late filing of its Annual Report on Form 10-K for FY 2022. Although this notification does not affect the current status of its stock listing, failure to regain compliance within the allotted timeframe may lead to delisting. The company has 60 days to either file the report or submit a compliance plan, which could extend the timeline for up to 180 days if accepted. Staffing 360 is actively working to file the necessary documentation before the deadline on June 2, 2023.
Staffing 360 Solutions, Inc. (NASDAQ: STAF) has announced that CEO Brendan Flood will present a corporate overview at the Planet MicroCap Showcase: VEGAS 2023. This event will take place from April 25 – 27, 2023 at the Horseshoe Hotel & Casino in Las Vegas, NV. Flood's presentation is scheduled for April 26, 2023, at 9:00 AM Pacific Time. Attendees can access the presentation via a webcast link. Additionally, Flood will hold one-on-one meetings at the conference. The company is focused on an international buy-integrate-build strategy, targeting acquisitions in various sectors, including finance, IT, and engineering staffing.
Staffing 360 Solutions (NASDAQ: STAF) has closed its public offering of 1,884,516 units, each consisting of one share of common stock and one warrant, at a price of $2.6532 per unit. The exercise price for the warrants is set at $2.47, valid for five years. Gross proceeds from the offering total approximately $5 million, aimed primarily for working capital. Additionally, the company has amended existing warrants to lower the exercise price to $2.47 from $5.85 per share. This move aligns with Staffing 360's strategy to pursue acquisitions in staffing sectors across the U.S. and U.K.
Staffing 360 Solutions, Inc. (NASDAQ: STAF) has announced a public offering of 1,884,516 units at $2.6532 per unit, expected to generate approximately $5 million in gross proceeds. Each unit includes one share of common stock and one warrant exercisable at $2.47 per share. The offering is set to close on or around February 10, 2023. The company plans to utilize 50% of the net proceeds to repay certain obligations and the remainder for working capital. Additionally, existing warrants will be amended to reduce their exercise price to $2.47 per share following the offering's completion.
Staffing 360 Solutions, Inc. (STAF) has announced the expansion of its Artificial Intelligence capabilities with the integration of ActivateStaff. This partnership aims to enhance staffing solutions across the U.S., stemming from Headway Workforce Solutions' technological advancements since its acquisition in May 2022. CEO Brendan Flood noted the industry's evolution post-pandemic, emphasizing the importance of technology in candidate interactions. Additionally, Rohan Jacob of ActivateStaff highlighted the collaboration's recognition of shifting market dynamics. This strategic move is part of Staffing 360's ongoing commitment to executing a buy-integrate-build strategy in the staffing industry.
Staffing 360 Solutions, Inc. (STAF) announced that five of its staffing brands were recognized for excellence in client service by ClearlyRated and Feefo. US-based agencies Monroe Staffing Services, Key Resources Inc., and Lighthouse Professional Services received the Best of Staffing awards, with Monroe achieving Diamond status for the sixth consecutive year, boasting a 77% Net Promoter Score. UK agency CBSbutler received the Platinum Feefo Trusted Service award for the fourth year in a row. CEO Brendan Flood emphasized the importance of this recognition in highlighting team dedication and superior customer service.
