Job Mobz To Acquire IP From Recruiter.com Including Recruiter.com Domain Name; Agreement Includes $1.5M Cash At Closing, $250K Payable Within 90 Days Of Closing And Shares Comprising 10% Of Job Mobz
Portfolio Pulse from Benzinga Newsdesk
Job Mobz is set to acquire intellectual property from Recruiter.com, including the domain name. The agreement includes a $1.5M cash payment at closing, $250K payable within 90 days of closing, and shares comprising 10% of Job Mobz.
August 17, 2023 | 12:04 pm
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Recruiter.com's intellectual property, including its domain name, is being acquired by Job Mobz. The deal includes a $1.5M cash payment at closing, $250K payable within 90 days, and shares comprising 10% of Job Mobz.
The acquisition of Recruiter.com's intellectual property by Job Mobz could potentially increase the value of Recruiter.com (RCRT) in the short term due to the cash influx and the 10% stake in Job Mobz. However, the long-term impact will depend on how Job Mobz utilizes the acquired assets.
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