STAFFING 360 SOLUTIONS, INC. (NASDAQ:STAF) Files An 8-K Regulation FD Disclosure

STAFFING 360 SOLUTIONS, INC. (NASDAQ:STAF) Files An 8-K Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure.

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On February 12, 2019, Staffing 360 Solutions, Inc. (the “Company”) issued a press release announcing the closing of its previously announced underwritten offering of common stock, which is described in more detail below. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein.

The information in this Item 7.01 (including Exhibit 99.1 attached hereto) is being furnished and shall not be deemed to be filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise be subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, whether made before or after the date hereof and regardless of any general incorporation language in such filing.

Item 8.01 Other Events.

On February 12, 2019, the Company closed its previously announced firm commitment underwritten public offering in which, to an underwriting agreement (the “Underwriting Agreement”) between the Company and ThinkEquity, a division of Fordham Financial Management, Inc. (“ThinkEquity”), dated as of February 8, 2019, the Company issued and sold 2,425,000 shares of its common stock, par value $0.00001 per share (“Common Stock”), at a public offering price of $1.65 per share. The gross proceeds from the offering were approximately $4 million, excluding underwriting discounts and commissions and other estimated offering expenses.

to the Underwriting Agreement, the Company granted ThinkEquity an over-allotment option, which is exercisable for up to 45 days following the date of the prospectus for the offering, to purchase up to 363,750 additional shares of Common Stock. If exercised in full, the Company would receive approximately $600,000 in additional gross proceeds, excluding underwriting discounts and commissions and other estimated offering expenses.

For more information concerning the offering, please see the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on February 11, 2019.

Item 9.01 Financial Statements and Exhibits.

Exhibit Number

Description

Staffing 360 Solutions, Inc. Exhibit
EX-99.1 2 staf-ex991_6.htm EX-99.1 CLOSING PRESS RELEASE staf-ex991_6.htm Exhibit 99.1    Staffing 360 Solutions,…
To view the full exhibit click here

About STAFFING 360 SOLUTIONS, INC. (NASDAQ:STAF)

Staffing 360 Solutions, Inc. operates in the staffing sector. The Company is engaged in the execution of a global buy-and-build strategy through the acquisition of domestic and international staffing organizations in the United States and the United Kingdom. Its targeted consolidation model is focused on the finance and accounting, administrative, engineering and information technology (IT) staffing space.

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