On November 6, Recruiter.com Group Inc Received Written Notice ( Default Notice) From Cavalry Fund I LP; Default Notice From Cavalry Fund I LP That Co Was In Default Under That Certain Discount Promissory Note Dated As Of August 17, 2022
Portfolio Pulse from Benzinga Newsdesk
Recruiter.com Group Inc has received a default notice from Cavalry Fund I LP, indicating that the company is in default under a discount promissory note dated August 17, 2022, according to an SEC filing.
November 09, 2023 | 2:12 pm
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NEGATIVE IMPACT
Recruiter.com Group Inc's default notice from Cavalry Fund I LP could negatively impact the company's financial stability and reputation, potentially leading to a decrease in stock price.
The default notice indicates that Recruiter.com Group Inc has failed to meet its obligations under a promissory note. This could lead to financial instability and damage the company's reputation, which could in turn lead to a decrease in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100