Recruiter.com Group Inc (NASDAQ:RCRT) CEO Evan Sohn tells Proactive the group has closed on its public offering that raised $12 million in gross proceeds.
Sohn says it intends to use the proceeds to invest in sales and marketing efforts for its on-demand recruiting software subscription tools and services, strategic acquisitions and related expenses, and general working capital.
Recruiter.com, which started trading on the Nasdaq on June 30, offered 2.4 million units to the public at $5 apiece. Each unit consists of one share and one warrant to purchase one share of common stock at $5.50 per share.