Recruiter.com Says According To Default Notice, Co Failed To Notify Cavalry Of "Subsequent Financing," In Which Cavalry Had Right To Participate
Portfolio Pulse from Benzinga Newsdesk
Recruiter.com (RCRT) failed to notify Cavalry of a 'Subsequent Financing' event, in which Cavalry had the right to participate, according to a default notice filed with the SEC.
November 09, 2023 | 2:13 pm
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Recruiter.com's failure to notify Cavalry of a 'Subsequent Financing' event could potentially lead to legal consequences and impact investor confidence.
Recruiter.com's failure to notify Cavalry of a 'Subsequent Financing' event, as required by their agreement, could lead to legal consequences. This could negatively impact the company's reputation and investor confidence, potentially leading to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100