Lucosky Brookman Congratulates its client Recruiter.com Group, Inc. on its Signing of a Definitive Agreement for the Planned Purchase of the Fintech Assets of GoLogiq, Inc.
Lucosky Brookman is pleased to congratulate its client, Recruiter.com Group, Inc. (NASDAQ: RCRT)(NASDAQ: RCRTW), on the signing of a definitive agreement for the planned purchase of the fintech assets of GoLogiq, Inc. (OTC:GOLQ). GoLogiq, a prominent U.S.-based global provider of fintech and consumer data analytics, will contribute valuable resources and expertise to enhance Recruiter.com's portfolio of recruiting solutions.
The funding for this strategic acquisition is being provided by a multi-billion-dollar, multi-strategy platform hedge fund with approximately $5 billion in assets under management. This collaboration aims to build talent density across all aspects of Recruiter.com's business, empowering the company's team with world-class resources for optimal results.
As per the terms of the Agreement, subject to the fulfillment of certain closing conditions, Recruiter.com will acquire several key businesses and related assets of GoLogiq. This includes CreateApp, PayLogiq (operating as AtozPay™), GoLogiq (operating as AtozGo™), and Radix™—an impressive suite of mobile commerce, e-wallet, mobile payment, and big data analytics platforms. In return for these assets, GoLogiq will receive common stock of Recruiter.com, equivalent to approximately 84% of the company, while existing Recruiter.com stockholders will initially maintain approximately 16% ownership.
"We are thrilled to announce this significant milestone for Recruiter.com shareholders," said Evan Sohn, CEO of Recruiter.com. "We believe the combined transactions will unlock significant value for our shareholders while creating a new structure under which the existing Recruiter.com business can thrive."
This acquisition represents a significant step forward for Recruiter.com as it strengthens its position in the recruiting solutions industry. Lucosky Brookman is proud to have played a part in this exciting development and remains committed to providing exceptional legal services to its clients.
Lucosky Brookman acted as corporate and securities counsel to the Company, while Joseph Gunnar & Co., LLC acted as the exclusive financial advisor to Recruiter.com and GoLogiq in connection with the transaction.