Recruiter.com Files 8-K on Material Agreement; Details Undisclosed

TL;DR

**RCRT filed an 8-K about a material agreement, but gave no details, leaving investors guessing.**

AI Summary

Recruiter.com Group, Inc. filed an 8-K on January 5, 2024, reporting an "Entry into a Material Definitive Agreement" on December 30, 2023. While the filing indicates a significant agreement, it does not disclose the specific details, parties, or financial terms of this agreement. This lack of transparency means investors are currently in the dark about a potentially impactful event, making it difficult to assess the company's future prospects or valuation.

Why It Matters

This filing signals a potentially significant business change for Recruiter.com Group, Inc., but without details, investors cannot evaluate its impact on the company's financial health or strategic direction.

Risk Assessment

Risk Level: medium — The filing indicates a material agreement without providing any specifics, creating uncertainty and potential risk for investors due to a lack of information.

Analyst Insight

A smart investor would hold off on making any significant decisions regarding Recruiter.com Group, Inc. stock until more specific details about the 'Material Definitive Agreement' are disclosed, as the current filing lacks crucial information for proper evaluation.

Key Players & Entities

• Recruiter.com Group, Inc. (company) — the registrant filing the 8-K
• December 30, 2023 (date) — date of the earliest event reported
• January 5, 2024 (date) — date the 8-K was filed

Forward-Looking Statements

• Recruiter.com Group, Inc. will file an amendment or a subsequent 8-K providing more details about the material definitive agreement. (Recruiter.com Group, Inc.) — medium confidence, target: 2024-03-31
• The stock price of Recruiter.com Group, Inc. (RCRT) will experience increased volatility due to the undisclosed nature of the material agreement. (Recruiter.com Group, Inc.) — medium confidence, target: 2024-01-31

FAQ

Key Financial Figures

• $1,800,000 — Mobz for an aggregate purchase price of $1,800,000, subject to certain adjustments provide

Filing Documents

• rcrt_8k.htm (8-K) — 25KB
• 0001654954-24-000257.txt ( ) — 146KB
• rcrt-20231230.xsd (EX-101.SCH) — 6KB
• rcrt-20231230_lab.xml (EX-101.LAB) — 14KB
• rcrt-20231230_cal.xml (EX-101.CAL) — 1KB
• rcrt-20231230_pre.xml (EX-101.PRE) — 9KB
• rcrt-20231230_def.xml (EX-101.DEF) — 2KB
• rcrt_8k_htm.xml (XML) — 3KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. Asset Purchase Agreement As previously disclosed, on August 16, 2023, Recruiter.com Group, Inc. (the "Company") entered into an Asset Purchase Agreement (the "Purchase Agreement") with Job Mobz Inc., a California corporation ("Job Mobz"). Upon the terms and subject to the conditions of the Purchase Agreement, the Company has agreed to sell and assign its right, title, and interest in the domain name www.Recruiter.com and certain related assets generally used to operate the business associated therewith to Job Mobz for an aggregate purchase price of $1,800,000, subject to certain adjustments provided therein, and shares in Job Mobz, a private company. On December 30, 2023, the Company and Job Mobz entered into an Amendment to the Asset Purchase Agreement (the "Amendment"), which provides that the consummation of the transactions contemplated by the Purchase Agreement shall take place no later than March 31, 2024, or at such other time or place as the parties may mutually agree upon in writing. Except as set forth in the Amendment, all of the other terms and conditions set forth in the Purchase Agreement remains in full force and effect The foregoing description of the Amendment does not purport to be a complete description and is qualified in its entirety by reference to the full text of the Amendment, a copy of which is filed as Exhibit 2.1 to this Current Report on Form 8-K and is incorporated herein by reference.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits (d) Exhibits: Exhibit Descriptio n 2.1 Amendment to the Asset Purchase Agreement, dated as of December 30, 2023, by and between Recruiter.com Group, Inc. and Job Mobz Inc. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 2

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: January 5, 2024 Recruiter.com Group, Inc. /s/ Miles Jennings Miles Jennings Chief Executive Officer 3

View Full Filing

View this 8-K filing on SEC EDGAR