NEW YORK, July 01, 2022 (GLOBE NEWSWIRE) -- Staffing 360 Solutions, Inc. (NASDAQ: STAF), a company executing an international buy-integrate-build strategy through the acquisition of staffing organizations in the United States and the United Kingdom, announced today that it has entered into a securities purchase agreement with several institutional investors to purchase 657,858 shares of common stock (or common stock equivalents) and warrants to purchase up to an aggregate of 657,858 shares of common stock in a private placement priced at-the-market under Nasdaq rules. The purchase price for one share of common stock (or common stock equivalent) and one warrant to purchase one share of common stock is $6.10. The warrants have an exercise price of $5.85 per share, will be immediately exercisable, and will expire five and one-half years from the date of issuance. The gross proceeds from the private placement are expected to be approximately $4 million. The offering is expected to close on or about July 6, 2022, subject to satisfaction of customary closing conditions.
Staffing 360 Solutions Announces $4 Million Private Placement Priced At-The-Market Under Nasdaq Rules
Jul 01, 2022
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