Staffing 360 Solutions Announces Pricing of $5 Million Public Offering

NEW YORK, Feb. 07, 2023 (GLOBE NEWSWIRE) -- Staffing 360 Solutions, Inc. (NASDAQ: STAF) (“Staffing 360” or “the Company”), a staffing company executing an international buy-integrate-build strategy through the acquisition of staffing organizations in the United States and the United Kingdom, today announced the pricing of a public offering of 1,884,516 units (or pre-funded units in lieu thereof), each unit consisting of one share of common stock (or pre-funded warrant in lieu thereof) and one warrant to purchase one share of common stock, at an offering price to the public of $2.6532 per unit (or pre-funded unit in lieu thereof). The shares of common stock (or pre-funded warrants) and the warrants included in the units (or pre-funded units in lieu thereof) can only be purchased together in the offering, but will be issued separately and will be immediately separable upon issuance. The warrants have an exercise price of $2.47 per share, will be immediately exercisable, and will expire five years from issuance. The offering is expected to close on or about February 10, 2023, subject to the satisfaction of customary closing conditions.

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