geocam
3 years ago
$STAF Reverse split done; offering closed. Probably got more than a few months before either one of those happen again? Should be good for a bounce here.
¯\_(o_o)_/¯
STAF finviz 20/50/200
https://www.finviz.com/quote.ashx?t=STAF
https://www.sec.gov/Archives/edgar/data/1499717/000149315221017570/form424b5.htm
THE OFFERING
Common stock offered by us 2,199,132 shares.
Common stock outstanding after this offering(1)10,032,071 shares (assuming that we sell the maximum number of shares of common stock offered in this offering and excluding the Warrant Shares issuable upon the exercise of the Warrants to be issued in the concurrent Private Placement).
https://ih.advfn.com/stock-market/NASDAQ/staffing-360-solutions-STAF/stock-news/85483577/staffing-360-solutions-announces-reverse-stock-spl
Staffing 360 Solutions Announces Reverse Stock Split to Maintain NASDAQ Listing
Staffing 360 Solutions, Inc. (NASDAQ: STAF), a company executing an international buy-integrate-build strategy through the acquisition of staffing organizations in the United States and the United Kingdom, announced today that it intends to effect a reverse stock split of its common stock at a ratio of 1 post-split share for every 6 pre-split shares. The reverse stock split will become effective at 5:00 p.m. on Wednesday, June 30, 2021. Staffing 360’s common stock will continue to be traded on the NASDAQ Capital Market under the symbol STAF and will begin trading on a split-adjusted basis when the market opens on Thursday, July 1, 2021.
https://ih.advfn.com/stock-market/NASDAQ/staffing-360-solutions-STAF/stock-news/85659483/staffing-360-solutions-announces-closing-of-7-58
Staffing 360 Solutions Announces Closing of $7.58 Million Registered Direct Offering of Common Stock Priced At-the-Market Under Nasdaq Rules
Staffing 360 Solutions, Inc. (NASDAQ: STAF), a company executing an international buy-integrate-build strategy through the acquisition of staffing organizations in the United States and the United Kingdom, today announced the closing of its previously announced registered direct offering, priced at-the-market under Nasdaq rules, of 2,199,132 shares of its common stock at a purchase price of $3.45 per share. The gross proceeds to the Company were approximately $7.58 million, before deducting the placement agent’s fees and other offering expenses payable by the Company. In a concurrent private placement, the Company also issued to the investors in the offering unregistered warrants to purchase up to an aggregate of 1,099,566 shares of common stock. The warrants have an exercise price equal to $3.80 per share, are exercisable immediately upon issuance and will expire five years from the issuance date.
oh and...
PPP Forgiven. Free Money Y'all.
https://finance.yahoo.com/quote/STAF?p=STAF&.tsrc=fin-srch
DPS1212
4 years ago
Staffing 360 Solutions to Host Fiscal Third Quarter and Nine-Month Financial Results Investor Conference Call
Source: GlobeNewswire Inc.
Staffing 360 Solutions, Inc. (NASDAQ: STAF), a company executing an international buy-integrate-build strategy through the acquisition of domestic and international staffing organizations in the United States and United Kingdom, today announced it will report its fiscal third quarter and nine-month financial results after the market close on Tuesday, November 10, 2020.
The Company will host a conference call on Wednesday, November 11th at 9:00am Eastern Time to discuss financial results, the COVID-19 environment, and recent positive business developments.
Conference Call
The Participant Dial-In Number for the conference call is 646-828-8143. Participants should dial in to the call at least five minutes before 9:00am ET November 11, 2020. The call can also be accessed "live" online at http://public.viavid.com/index.php?id=142346. A replay of the recorded call will be available for 90 days on the Company's website (http://www.staffing360solutions.com/res.html). You can also listen to a replay of the call by dialing 844-512-2921 (international participants dial 412-317-6671) starting November 11, 2020, at 7:30pm ET through November 13, 2020 at 11:59 pm ET. Please use PIN Number 3539724.
About Staffing 360 Solutions, Inc.
Staffing 360 Solutions, Inc. is engaged in the execution of an international buy-integrate-build strategy through the acquisition of domestic and international staffing organizations in the United States and United Kingdom. The Company believes that the staffing industry offers opportunities for accretive acquisitions and as part of its targeted consolidation model, is pursuing acquisition targets in the finance and accounting, administrative, engineering, IT, and Light Industrial staffing space. For more information, visit www.staffing360solutions.com. Follow Staffing 360 Solutions on Facebook, LinkedIn and Twitter.
Forward-Looking Statements
This press release contains forward-looking statements, which may be identified by words such as "expect," "look forward to," "anticipate," "intend," "plan," "believe," "seek," "estimate," "will," "project" or words of similar meaning. Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company's control, and cannot be predicted or quantified; consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, market and other conditions; the geographic, social and economic impact of COVID-19 on the Company’s ability to conduct its business and raise capital in the future when needed; weakness in general economic conditions and levels of capital spending by customers in the industries the Company serves; weakness or volatility in the financial and capital markets, which may result in the postponement or cancellation of customer capital projects or the inability of the Company’s customers to pay the Company’s fees; the termination of a major customer contract or project; delays or reductions in U.S. government spending; credit risks associated with the Company’s customers; competitive market pressures; the availability and cost of qualified labor; the Company’s level of success in attracting, training and retaining qualified management personnel and other staff employees; changes in tax laws and other government regulations, including the impact of health care reform laws and regulations; the possibility of incurring liability for the Company’s business activities, including, but not limited to, the activities of the Company’s temporary employees; the Company’s performance on customer contracts; negative outcome of pending and future claims and litigation; government policies, legislation or judicial decisions adverse to the Company’s businesses; the Company’s ability to access the capital markets by pursuing additional debt and equity financing to fund its business plan and expenses on terms acceptable to the Company or at all; the Company’s ability to achieve loan forgiveness under Paycheck Protection Program; and the Company’s ability to comply with its contractual covenants, including in respect of its debt agreements, as well as various additional risks, many of which are now unknown and generally out of the Company’s control, and which are detailed from time to time in reports filed by the Company with the SEC, including quarterly reports on Form 10-Q, reports on Form 8-K and annual reports on Form 10-K. Staffing 360 Solutions does not undertake any duty to update any statements contained herein (including any forward-looking statements), except as required by law.
Investor Relations Contacts:
Harvey Bibicoff, CEO Terri MacInnis, VP of IR
Bibicoff + MacInnis, Inc. Bibicoff + MacInnis, Inc.
818-379-8500 x1 harvey@bibimac.com 818-379-8500 x2 terri@bibimac.com
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DPS1212
4 years ago
Brendan Flood, Chairman & CEO of Staffing 360 Solutions, Joins More Than 1,300 CEOs in Commitment to Advance Diversity and In...
Source: GlobeNewswire Inc.
Staffing 360 Solutions, Inc. (NASDAQ: STAF), a company executing an international buy-integrate-build strategy through the acquisition of staffing organizations in the United States and the United Kingdom, today announced that it joins the growing coalition pledging to advance diversity and inclusion in the workplace. As one of more than 1,300 CEOs that have come together for CEO Action for Diversity & Inclusion™, Brendan Flood, Chairman and Chief Executive Officer, is committing himself and Staffing 360 Solutions to advance diversity and inclusion in the workplace.
By signing this commitment, Staffing 360 Solutions is pledging to take action to cultivate a workplace where diverse perspectives and experiences are welcomed and respected, and where employees feel encouraged to discuss diversity and inclusion. The collective of more than 1,300 signatories have already shared more than 1,300 best known actions, exchanging tangible learning opportunities and creating collaborative conversations via the initiative’s unified hub, CEOAction.com.
Flood said, “Our organization pulled together in an extraordinary way during COVID-19 and the social uprisings. Our core values of honesty, integrity, belief, transparency and tenacity have long been the pillars of our corporate value system. We listened to what our employees were telling us, and we are determined to do more and better. When we learned of CEO in Action, we welcomed this opportunity to join the pledge and ensure we are doing our part to educate staff about institutional racism, micro aggressions in the workplace and unconscious bias.
“In late summer, we developed a Global Task Force to lead our efforts. It is not enough to simply create a diverse culture; we must do our part to make sure that our organization’s leadership and staff recognize the breadth and depth of talent that is created by including people of all backgrounds and cultures. Alicia Barker, our Chief Operating Officer, has recruited a group of internal Delegates that have pledged to personally act to do their part to make a difference. They are also actively promoting individuals to sign up to the personal pledge and share their pride to work for a company that values diversity and inclusion,” continued Flood.
Organizations joining the pledge are taking a step towards effecting positive change. A diverse and inclusive workforce facilitates community, but also drives innovation and creativity. A recent study found that 85 percent of those surveyed reported that diversity is a key component to fostering innovation.
Flood added, “Diversity and inclusion are difficult issues to navigate, but if we avoid constructive conversation about our differences, communication deteriorates and productivity suffers. I am proud that Staffing 360 Solutions is committing to cultivating a work environment where employees can openly address challenges, present opportunities, and share perspectives.”
CEO Action for Diversity & Inclusion™ is cultivating a new type of ecosystem centered around collaboration and sharing. The actions, available via CEOAction.com, showcase real-life examples of the open and transparent conversations to cultivate more diverse and inclusive workplace environments. The addition of new signatories expands the impact of this work beyond the office to communities and industries.
Flood signed the pledge as a declaration of Staffing 360 Solutions commitment to continue cultivating and advancing a diverse and inclusive workplace. Formally marking the Company’s latest action toward a more inclusive culture, Staffing 360 Solutions is taking further steps to lead by example and enrich the workplace and communities where they do business. Staffing 360 Solutions is committed to creating a culture where diverse perspectives and experiences are welcome and respected, and open dialogue is actively supported.
The CEO Action for Diversity & Inclusion™ is led by a steering committee of CEOs and leaders from Accenture, BCG, Deloitte US, The Executive Leadership Council, EY, General Atlantic, KPMG, New York Life, Procter & Gamble, and PwC. The coalition represents 85 industries, all 50 US States, and millions of employees globally.
To learn more about the pledge, visit CEOAction.com. The website serves as a hub for information sharing, idea generation, and program development. With more than 1,300 best known actions shared, companies that are not currently implementing the elements of the pledge can use it as an opportunity to learn from others that are already doing so. Learning from, and sharing, actions help companies drive greater engagement within their own programs, as well as mentor others on their journey.
About CEO Action for Diversity & Inclusion™
CEO Action for Diversity & Inclusion™ is the largest CEO-driven business commitment to advance diversity and inclusion within the workplace. Bringing together more than 1,300 CEOs of America’s leading organizations, the commitment outlines actions that participating companies pledge to take to cultivate a workplace where diverse perspectives and experiences are welcomed and respected, employees feel comfortable and encouraged to discuss diversity and inclusion, and where best known - and unsuccessful - actions can be shared across organizations. Learn more at CEOAction.com and connect with us on Twitter: @CEOAction.
About Staffing 360 Solutions, Inc.
Staffing 360 Solutions, Inc. is engaged in the execution of an international buy-integrate-build strategy through the acquisition of domestic and international staffing organizations in the United States and United Kingdom. The Company believes that the staffing industry offers opportunities for accretive acquisitions that will drive its annual revenues to $500 million. As part of its targeted consolidation model, the Company is pursuing acquisition targets in the finance and accounting, administrative, engineering, IT, and Light Industrial staffing space. For more information, please visit: www.staffing360solutions.com. Follow Staffing 360 Solutions on Facebook, LinkedIn and Twitter.
Forward-Looking Statements
This press release contains forward-looking statements, which may be identified by words such as "expect," "look forward to," "anticipate," "intend," "plan," "believe," "seek," "estimate," "will," "project" or words of similar meaning. Although Staffing 360 Solutions, Inc. believes such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. Actual results may vary materially from those expressed or implied by the statements herein, including the goal of achieving annualized revenues of $500 million, the Company’s ability to successfully raise sufficient capital on reasonable terms or at all, to consummate additional acquisitions, to successfully integrate newly acquired companies, to organically grow its business, to successfully defend potential future litigation, to successfully refinance its debt, and to receive loans under the US Main Street Lending Program, changes in local or national economic conditions, the ability to comply with contractual covenants, including in respect of its debt, as well as various additional risks, many of which are now unknown and generally out of the Company’s control, and which are detailed from time to time in reports filed by the Company with the SEC, including quarterly reports on Form 10-Q, reports on Form 8-K and annual reports on Form 10-K. Staffing 360 Solutions does not undertake any duty to update any statements contained herein (including any forward-looking statements), except as required by law.
Investor Relations Contacts:
Harvey Bibicoff, CEO Terri MacInnis, VP of IR
Bibicoff + MacInnis, Inc. Bibicoff + MacInnis, Inc.
818-379-8500 x1 harvey@bibimac.com 818-379-8500 x2 terri@bibimac.com
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