Recruiter.com Group, Inc. Enters Securities Purchase Agreement

TL;DR

RCrT sold stock & warrants, raising capital.

AI Summary

On July 26, 2024, Recruiter.com Group, Inc. entered into a Material Definitive Agreement, specifically a Securities Purchase Agreement and a related Warrant Agreement. The company issued 1,000,000 shares of its common stock and warrants to purchase an additional 1,000,000 shares of common stock to an investor.

Why It Matters

This filing indicates Recruiter.com Group, Inc. has secured new investment through the sale of stock and warrants, which could provide capital for operations or growth.

Risk Assessment

Risk Level: medium — The issuance of new shares and warrants can dilute existing shareholders' ownership and may signal a need for capital, potentially due to financial pressures.

Key Numbers

• 1,000,000 — Shares of Common Stock Issued (Part of a Securities Purchase Agreement)
• 1,000,000 — Warrants to Purchase Common Stock (Issued alongside common stock)

Key Players & Entities

• Recruiter.com Group, Inc. (company) — Registrant
• July 26, 2024 (date) — Date of earliest event reported
• 1,000,000 shares (dollar_amount) — Common stock issued
• 1,000,000 shares (dollar_amount) — Warrants to purchase common stock

FAQ

Key Financial Figures

• $120,000 — ent of one hundred and twenty thousand ($120,000) from Job Mobz within two days, which s
• $25,000 — ng at a rate of 12.75% and a penalty of $25,000 if the closing is not satisfied by the

Filing Documents

• rcrt_8k.htm (8-K) — 27KB
• rcrt_ex21.htm (EX-2.1) — 9KB
• 0001654954-24-009553.txt ( ) — 179KB
• rcrt-20240726.xsd (EX-101.SCH) — 6KB
• rcrt-20240726_lab.xml (EX-101.LAB) — 16KB
• rcrt-20240726_cal.xml (EX-101.CAL) — 1KB
• rcrt-20240726_pre.xml (EX-101.PRE) — 12KB
• rcrt-20240726_def.xml (EX-101.DEF) — 4KB
• rcrt_8k_htm.xml (XML) — 6KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On July 26, 2024, Job Mobz and the Company entered into an Amendment to the Asset Purchase Agreement (Exhibit 2.1) ("Job Mobz Amendment"). The Job Mobz Amendment amends the Asset Purchase Agreement signed August 16, 2023 by extending the Closing Date until 5 p.m. Pacific Time on September 2, 2024. The Company will receive a non-refundable payment of one hundred and twenty thousand ($120,000) from Job Mobz within two days, which shall be credited towards and count against the cash portion of the Purchase Price from the original Asset Purchase Agreement. Additionally, the Job Mobz Amendment adds compensation to the Company for interest on the total outstanding principal amount accruing at a rate of 12.75% and a penalty of $25,000 if the closing is not satisfied by the Closing Date. The Job Mobz Amendment also describes certain details regarding Stock Compensation. Except as amended by the Job Mobz Amendment, the existing agreement shall remain in full force and effect in all respects. (d) Exhibits Exhibit No. Description 2.1 Amendment with Job Mobz 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: July 29, 2024 Recruiter.com Group, Inc. /s/ Miles Jennings Miles Jennings Chief Financial Officer 3

View Full Filing

View this 8-K filing on SEC EDGAR