Summary by Moomoo AI
On September 8, 2024, Staffing 360 Solutions entered into a securities exchange agreement with an institutional investor. The company agreed to issue 101,190 shares of common stock and a pre-funded warrant for up to 411,630 shares in exchange for an outstanding warrant to purchase 552,234 shares at $8.30 per share.The exchange allows Staffing 360 Solutions to consider and execute strategic options that could potentially provide shareholder value. The issuance was made under Section 3(a)(9) of the Securities Act, exempting it from registration requirements.The securities issued in this exchange, including shares issuable upon exercise of the pre-funded warrant, are not registered under the Securities Act and may not be offered or sold in the U.S. without registration or an exemption.
