Recruiter.com Closes $1 Million Registered Direct and Private Placement Offerings, Priced At-the-Market Under Nasdaq Rules
Congratulations to our client Recruiter.com Group, Inc. (NASDAQ: RCRT) (NASDAQ: RCRTW) ("Recruiter.com"), a prominent on-demand recruiting solutions company, on closing a registered direct offering and concurrent private placement. These transactions are poised to drive the company's ambitions forward and unlock new opportunities for expansion.
Recruiter.com sold a total of 3,333,333 shares of its common stock (or pre-funded warrants in lieu thereof) to an institutional investor at a unit purchase price of $0.3108. Concurrently, the company has also issued warrants to purchase 3,333,333 shares of common stock to investors. These warrants will become exercisable on the date that is six months following the date of issuance of the shares of common stock in the registered direct offering (the "Exercise Date") and will expire on the five-year anniversary of the Exercise Date. The aggregate gross proceeds from both transactions are estimated to reach approximately $1.036 million.
Lucosky Brookman acted as a counsel to Recruiter.com, while Joseph Gunnar & Co., LLC acted as the exclusive placement agent for these offerings.