Recruiter.com Group Files 8-K with Key Corporate Updates

TL;DR

Recruiter.com Group dropped an 8-K detailing equity sales, board changes, and other corporate actions.

AI Summary

Recruiter.com Group, Inc. filed an 8-K on October 1, 2024, detailing several key events. These include unregistered sales of equity securities, changes in directors and officers, amendments to its articles of incorporation, and other events. The filing also covers Regulation FD disclosures and financial statements and exhibits.

Why It Matters

This 8-K filing provides crucial updates on Recruiter.com Group's corporate structure, equity transactions, and regulatory compliance, which are important for investors to monitor.

Risk Assessment

Risk Level: medium — The filing involves unregistered sales of equity securities and changes in corporate governance, which can introduce uncertainty and potential risks for investors.

Key Players & Entities

• Recruiter.com Group, Inc. (company) — Filer of the 8-K
• 0001462223 (company) — Central Index Key for Recruiter.com Group, Inc.
• 20241001 (date) — Filing date of the 8-K
• 20240926 (date) — Period of report

FAQ

Key Financial Figures

• $300,000 — ompany agreeing to compensate each with $300,000 equivalent in stock compensation with p
• $2.14 — a 30-day moving average stock price of $2.14 per share. These issuances were made as

Filing Documents

• rcrt_8k.htm (8-K) — 35KB
• rcrt_ex31.htm (EX-3.1) — 2KB
• rcrt_ex32.htm (EX-3.2) — 14KB
• rcrt_ex991.htm (EX-99.1) — 9KB
• rcrt_ex32img19.jpg (GRAPHIC) — 221KB
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• rcrt_ex32img14.jpg (GRAPHIC) — 195KB
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• rcrt_ex31img1.jpg (GRAPHIC) — 252KB
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• 0001654954-24-012586.txt ( ) — 7667KB
• rcrt-20240926.xsd (EX-101.SCH) — 6KB
• rcrt-20240926_lab.xml (EX-101.LAB) — 17KB
• rcrt-20240926_cal.xml (EX-101.CAL) — 1KB
• rcrt-20240926_pre.xml (EX-101.PRE) — 12KB
• rcrt-20240926_def.xml (EX-101.DEF) — 4KB
• rcrt_8k_htm.xml (XML) — 6KB

02 Unregistered Sales of Equity Securities

Item 3.02 Unregistered Sales of Equity Securities The information set forth in 5.02 of this Current Report on Form 8-K is incorporated herein by reference. Item 5.02 Departure of Directors or Certain Officers; Appointment of Certain Officers; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On September 26,2024, the Company issued 140,187 shares of the Company's common stock to each of Miles Jennings, the Chief Financial Officer and Director, and Evan Sohn, the Executive Chairman and Director, pursuant to the approval by the Board of Directors and the shareholder vote on the Management Issuance as outlined in the Information Statement on Schedule 14C, dated August 2, 2024. The stock issuance is part of a compensatory arrangement previously approved by the Board on February 13, 2024, and as previously disclosed, to eliminate cash obligations contained in the severance provisions set by their employment agreements, with the Company agreeing to compensate each with $300,000 equivalent in stock compensation with pricing based on the 30-day moving average of the Company's common stock. At the time of issuance on September 26, 2024, the number of shares issued was calculated based on a 30-day moving average stock price of $2.14 per share. These issuances were made as compensation for their services and in lieu of certain severance, bonus, and target payments that were eliminated as part of an agreement with the Company. The shares were issued as a restricted stock management issuance described above and are fully vested as of the date of issuance. The shares of common stock issued in connection with the management issuance described above have not been registered under the Securities Act of 1933, as amended (the "Securities Act"), and were issued in reliance upon the exemption from registration provided by Section 4(a)(2) of the Securities Act and/or Rule 506 of Regulation D promulgated thereunder. The issuance does not involve a publi

03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year

Item 5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. Name Change On September 27, 2024, the Company filed with the Secretary of State of the State of Nevada a Certificate of Amendment to the Articles of Incorporation to change the legal name of the Company from Recruiter.com Group, Inc. to Nixxy, Inc., effective as of December 1, 2024. In connection with the Company's name change, the Board amended our bylaws to reflect the name change, effective as of October 1, 2024. No other changes were made to the bylaws. Copies of the Certificate of Amendment of the Articles of Incorporation and the Amended and Restated Bylaws are attached hereto as Exhibit 3.1 and Exhibit 3.2, respectively, and incorporated herein by reference. 2

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. On September 30, 2024, the Company issued a press release announcing the name and ticker symbol changes. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated into this Item 7.01 by reference. The information contained in this Item 7.01 as well as in Exhibit 99.1 is furnished and shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, and such information shall not be deemed to be incorporated by reference into any of the Company's filings under the Securities Act of 1933, as amended, or the Exchange Act.

01 Other Events

Item 8.01 Other Events. New Nasdaq Ticker Symbol Effective October 1, 2024, Company common stock will trade under the new ticker symbol "NIXX" on the Nasdaq Stock Market, and the Company's common stock purchase warrants will trade under the symbol "NIXXW". Outstanding stock certificates for shares of Company common stock continue to be valid and need not be exchanged to reflect the name change.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit No. Exhibit Description 3.1 Amendment to Articles of Incorporation, filed with the Nevada Secretary of State on September 27, 2024 3.2 Bylaws, as Amended 99.1 Press Release issued on September 30, 2024 104 Cover Page Interactive Data File (formatted as Inline XBRL document) 3

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. Dated: October 1, 2024 RECRUITER.COM GROUP, INC. By: /s/ Granger Whitelaw Granger Whitelaw Chief Executive Officer 4

View Full Filing

View this 8-K filing on SEC EDGAR