$treet Trader Lion's Den

[georgie18]

JOB...576...in the P/M...Took a starter on the offering...on this Oversold Chart...

Chart...https://schrts.co/wmkRCMDj

JACKSONVILLE, FL / ACCESSWIRE / April 14, 2021 / GEE Group Inc. (NYSE American:JOB)("GEE"or the "Company") a provider of professional staffing services and solutions, today announced the pricing of an underwritten public offering of 83,333,333 shares of its common stock at a public offering price of $0.60 per share, for gross proceeds of approximately $50,000,000, before deducting the underwriting discount and commissions and offering expenses payable by the Company. GEE has granted the underwriters a 45-day option to purchase up to an additional 12,499,999 shares of the Company's common stock to cover over-allotments, if any, at the public offering price, less the underwriting discount. All of the shares of common stock are being offered by the Company.

The Company intends to use the net proceeds of this offering, together with available cash to repay approximately $55,000,000 in aggregate outstanding indebtedness under its existing Revolving Credit, Term Loan and Security Agreement and the remainder, if any, for general corporate purposes, including working capital and potential acquisitions.

The offering is expected to close on April 19, 2021, subject to satisfaction of customary closing conditions.