Recruiter.com announces pricing of $12M public offering as it lists on the Nasdaq

Recruiter.com Group Inc (NASDAQ:RCRT) has announced the pricing of its public offering to raise about $12 million in gross proceeds.  In a statement, the company said it intends to use the proceeds to invest in sales and marketing efforts for its on-demand recruiting software subscription tools and services, strategic acquisitions and related expenses, and general working capital.  Recruiter.com is offering 2.4 million units to the public at $5 apiece. Each unit consists of one share and one warrant to purchase one share of common stock at $5.50 per share.  READ: Recruiter.com CEO Evan Sohn to talk predictive Recruiter Index survey on CNBC's 'The Exchange,' and Yahoo Finance Live The company said the stock and warrants are immediately separable from the units and will be issued separately. The warrants are exercisable immediately and expire five years from the date of issuance. It added that the stock and warrants have been approved to list on the Nasdaq Capital Market under the symbols "RCRT" and "RCRTW," respectively, and are expected to begin trading today (June 30).  In addition, Recruiter.com said it has granted the underwriters a 45-day option to purchase up to an additional 360,000 shares of common stock and/or warrants to purchase 360,000 shares, or any combination, to cover any over-allotments. Joseph Gunnar & Co LLC is acting as sole book-running manager for the offering -- which is expected to close on July 2, 2021, subject to customary closing conditions. Recruiter.com is an online hiring platform delivering on-demand recruiting technology and services to both large and small businesses. With AI and video technology, and the world's largest network of recruiters, Recruiter.com delivers on-tap recruiting that flexes with hiring needs. Contact the author: patrick@proactiveinvestors.com Follow him on Twitter @PatrickMGraham