Recruiter.com Group Files 8-K with Stock and Warrant Info

TL;DR

RCKT filed an 8-K detailing stock and warrant activity. Keep an eye on potential dilution.

AI Summary

Recruiter.com Group, Inc. filed an 8-K on June 11, 2024, reporting events that occurred on June 6, 2024. The filing includes information related to common stock and purchase warrants, as well as financial statements and exhibits. The company, formerly known as Truli Technologies, Inc., is incorporated in Nevada.

Why It Matters

This filing provides updates on the company's capital structure, specifically concerning common stock and warrants, which can impact shareholder value and future dilution.

Risk Assessment

Risk Level: medium — Filings related to stock and warrants can indicate potential dilution or changes in the company's financial structure, which may carry moderate risk.

Key Players & Entities

• Recruiter.com Group, Inc. (company) — Registrant
• Truli Technologies, Inc. (company) — Former company name
• June 6, 2024 (date) — Earliest event reported
• June 11, 2024 (date) — Filing date

FAQ

Key Financial Figures

• $2,500,000 — od ended June 30, 2023 was not at least $2,500,000 and (ii) the Company did not currently

Filing Documents

• rcrt_8k.htm (8-K) — 31KB
• rcrt_ex991.htm (EX-99.1) — 11KB
• 0001654954-24-007613.txt ( ) — 188KB
• rcrt-20240606.xsd (EX-101.SCH) — 6KB
• rcrt-20240606_lab.xml (EX-101.LAB) — 16KB
• rcrt-20240606_cal.xml (EX-101.CAL) — 1KB
• rcrt-20240606_pre.xml (EX-101.PRE) — 12KB
• rcrt-20240606_def.xml (EX-101.DEF) — 4KB
• rcrt_8k_htm.xml (XML) — 6KB

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure On June 11, 2024, Recruiter.com Group, Inc. (the "Company") issued a press release announcing that on June 6, 2024, the Company was formally notified by Nasdaq that it had evidenced full compliance with all requirements for continued listing on The Nasdaq Capital Market, including the Minimum Stockholders' Equity Requirement, as described in Item 8.01 below. A copy of the press release is attached as Exhibit 99.1 hereto and is hereby incorporated by reference herein.

01. Other Events

Item 8.01. Other Events. As previously reported on August 22, 2023, the Company received a notification letter from the Nasdaq Listing Qualifications Staff (the "Staff") of The Nasdaq Stock Market LLC ("Nasdaq") on August 17, 2023, notifying the Company that it was not in compliance with the minimum stockholders' equity requirements set forth in Nasdaq Listing Rule 5550(b)(1) (the "Minimum Stockholders' Equity Requirement") because (i) its stockholders' equity as reported in its Quarterly Report on Form 10-Q for the period ended June 30, 2023 was not at least $2,500,000 and (ii) the Company did not currently meet the alternatives of market value of listed securities or net income from continuing operations. The Staff granted the Company's request for an extension until February 13, 2024, to comply with this requirement. However, the Company failed to meet the terms of the extension, and on February 16, 2024, Staff sent a Delist Determination. On February 21, 2024, the Company submitted a hearing request to Nasdaq's Hearings Department. The hearing request stayed the delisting of the Company's securities pending the panel's conclusion of the hearing process. The hearing was held on April 18, 2024, and by decision dated May 9, 2024, the Panel granted the Company an extension to evidence compliance with all applicable continued listing criteria, through May 20, 2024. On June 6, 2024, the Company was formally notified by Nasdaq that it had evidenced full compliance with all requirements for continued listing on The Nasdaq Capital Market, including the Minimum Stockholders' Equity Requirement. The Company remains subject to a "Panel Monitor" as that term is defined under Nasdaq Listing Rule 5815(d)(4)(A), through June 6, 2025. Under the terms of the Panel Monitor, in the event the Company fails to satisfy any requirement for continued listing on The Nasdaq Capital Market during the monitoring period, the Company will be required to request a hearing before the Pane

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press Release dated June 11, 2024 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: June 11, 2024 Recruiter.com Group, Inc. /s/ Granger Whitelaw Granger Whitelaw Chief Executive Officer 3

View Full Filing

View this 8-K filing on SEC EDGAR