Recruiter.com Announces $1.036M Registered Direct Offering Of 3.33M Shares At A Price Of $0.3108/Share And Private Placement Offering Of 3.33M Shares Will Become Exercisable On The Date That Is Six Months At A Price Of $0.3108/Share
Portfolio Pulse from Happy Mohamed
Recruiter.com Group, Inc. (NASDAQ:RCRT)(NASDAQ:RCRTW) has announced a registered direct offering of 3.33M shares at $0.3108/share, and a concurrent private placement of 3.33M shares exercisable in six months at the same price. The transactions are expected to close on August 21, 2023, and the proceeds will be used for working capital and other corporate purposes. The aggregate gross proceeds are expected to be approximately $1.036 million.
August 17, 2023 | 8:02 pm
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NEGATIVE IMPACT
Recruiter.com's direct offering and private placement could potentially dilute the value of existing shares, which may negatively impact the stock price in the short term.
The issuance of new shares often leads to dilution of the value of existing shares, which can lead to a decrease in the stock price. However, the impact may be offset by the additional capital raised, which can be used for growth and expansion.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
The private placement of Recruiter.com's shares could potentially dilute the value of existing shares, which may negatively impact the stock price in the short term.
The issuance of new shares often leads to dilution of the value of existing shares, which can lead to a decrease in the stock price. However, the impact may be offset by the additional capital raised, which can be used for growth and expansion.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100