Staffing 360 Solutions Announces Closing of $4 Million Private Placement Priced At-The-Market Under Nasdaq Rules

NEW YORK, July 07, 2022 (GLOBE NEWSWIRE) -- Staffing 360 Solutions, Inc. (NASDAQ: STAF), a 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 closing of its previously announced private placement of 657,858 shares of common stock (or common stock equivalents) and warrants to purchase up to an aggregate of 657,858 shares of common stock priced at-the-market under Nasdaq rules. The purchase price for one share of common stock (or common stock equivalent) and one warrant to purchase one share of common stock was $6.10. The warrants have an exercise price of $5.85 per share, are immediately exercisable, and will expire five and one-half years from the closing date. The gross proceeds to the Company from the private placement were approximately $4 million.