Staffing 360 Solutions Inc (STAF)

[geocam]

$STAF Reverse split done; offering closed. Probably got more than a few months before either one of those happen again? Should be good for a bounce here.

¯\_(o_o)_/¯


STAF finviz 20/50/200

https://www.finviz.com/quote.ashx?t=STAF


https://www.sec.gov/Archives/edgar/data/1499717/000149315221017570/form424b5.htm

THE OFFERING
Common stock offered by us 2,199,132 shares.

Common stock outstanding after this offering(1)10,032,071 shares (assuming that we sell the maximum number of shares of common stock offered in this offering and excluding the Warrant Shares issuable upon the exercise of the Warrants to be issued in the concurrent Private Placement).

https://ih.advfn.com/stock-market/NASDAQ/staffing-360-solutions-STAF/stock-news/85483577/staffing-360-solutions-announces-reverse-stock-spl

Staffing 360 Solutions Announces Reverse Stock Split to Maintain NASDAQ Listing

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 intends to effect a reverse stock split of its common stock at a ratio of 1 post-split share for every 6 pre-split shares. The reverse stock split will become effective at 5:00 p.m. on Wednesday, June 30, 2021. Staffing 360’s common stock will continue to be traded on the NASDAQ Capital Market under the symbol STAF and will begin trading on a split-adjusted basis when the market opens on Thursday, July 1, 2021.

https://ih.advfn.com/stock-market/NASDAQ/staffing-360-solutions-STAF/stock-news/85659483/staffing-360-solutions-announces-closing-of-7-58

Staffing 360 Solutions Announces Closing of $7.58 Million Registered Direct Offering of Common Stock Priced At-the-Market Under Nasdaq Rules

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, today announced the closing of its previously announced registered direct offering, priced at-the-market under Nasdaq rules, of 2,199,132 shares of its common stock at a purchase price of $3.45 per share. The gross proceeds to the Company were approximately $7.58 million, before deducting the placement agent’s fees and other offering expenses payable by the Company. In a concurrent private placement, the Company also issued to the investors in the offering unregistered warrants to purchase up to an aggregate of 1,099,566 shares of common stock. The warrants have an exercise price equal to $3.80 per share, are exercisable immediately upon issuance and will expire five years from the issuance date.

oh and...

PPP Forgiven. Free Money Y'all.

https://finance.yahoo.com/quote/STAF?p=STAF&.tsrc=fin-srch