I agree. I was just going to link this. Why is Sohn buying shares at .08 then?... Even if an RS did happen, IMO, coupled with the AS reduction it wouldn’t make much difference with zero convertibles & more liquidity, tighter float. RCRT would still be an attractive play post-RS (IMO and I have been in on a few of these and made plenty of $$$)
But I agree I do NOT believe this will be happening ....
The Merger Agreement contains customary representations and warranties of each party for a transaction of this type. The Merger Agreement also contains customary covenants, including, among other things, the covenant requiring Truli to amend the Certificate of Incorporation of Truli to change its corporate name, and other covenants, including but not limited to, effecting as promptly as possible following the completion of the Merger, a reverse stock split of the outstanding shares of Common Stock. Additionally, the Merger Agreement provides for pre-closing covenants of Recruiter.com, including the covenant requiring Recruiter.com to repay or convert all outstanding convertible debt of Recruiter.com, and execution of an amendment to the License Agreement.
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