January 09, 2024
Recruiter.com Group Inc. (NASDAQ: RCRT) plans to finish the sale of its Recruiter.com area title and different property to Job Mobz Inc. by March 31, based on a regulatory submitting. The sale comes as a part of a revamping of Recruiter.com.
Job Mobz initially struck a deal to purchase the area title and different property on Aug. 16, 2023, based on the submitting. The acquisition value is $1.8 million.
The deal is a part of a restructuring of Recruiter.com. The corporate plans to accumulate fintech agency GoLogic in trade for as much as an 84% stake in Recruiter.com. Plans additionally name for Recruiter.com to undertake a brand new title and to spin out its remaining operations that aren’t a part of GoLogic right into a separate firm. Present shareholders in Recruiter.com would maintain shares in each the present firm — a 16% stake — and the brand new firm, which might be traded on the OTC.
In its most up-to-date earnings submitting, Recruiter.com reported income of $183,722 in its fiscal third quarter ended Sept. 30, 2023, down from $5.8 million within the third quarter of the earlier yr. The corporate stated the lower got here because it transitioned its recruiter-on-demand enterprise to Job Mobz.
Individually, Recruiter.com offered its healthcare staffing enterprise to Futuris Co. (OTCMKTS: FTRS) for $500,000 in Futuris inventory and earnouts of as much as $2 million within the quarter ended Sept. 30, 2023, based on a regulatory submitting.
In the course of the quarter, Recruiter.com additionally registered a direct and personal placement providing at roughly $1.0 million and effected a one-for-15 reverse inventory cut up to satisfy Nasdaq itemizing necessities.
