Staffing 360 Solutions, INC
Market Movers (8-K)
Staffing 360 Solutions extends key debt maturity dates to March 2025 through amendments with MidCap Funding IV Trust and Jackson Investment Group, providing short-term financial flexibility.
Worse than expected
Delay expected
Staffing 360 Solutions stockholders voted to adopt the merger agreement with Atlantic International Corp. at a special meeting held on February 13, 2025.
Delay expected
Staffing 360 Solutions' stockholders approved a proposal to adjourn the special meeting to solicit additional proxies for the Merger Agreement Adoption Proposal, with the meeting scheduled to reconvene on February 13, 2025.
Delay expected
Staffing 360 Solutions, Inc. received a delisting notice from Nasdaq due to non-compliance with listing requirements, while also adjourning a special meeting to solicit more votes for a proposed merger.
Worse than expected
Delay expected
Staffing 360 Solutions extends its credit agreement with MidCap Funding and adjourns a special meeting of stockholders to further solicit votes for a proposed merger.
Worse than expected
Delay expected
8-K: Staffing 360 Solutions Finalizes Conversion Agreement with Jackson Investment Group Ahead of Merger
Staffing 360 Solutions enters into a conversion agreement with Jackson Investment Group, converting debt into preferred stock and waiving accrued interest in anticipation of its merger with Atlantic International Corp.
Quarterly Earnings (10-Q)
Staffing 360 Solutions reports a net loss for Q3 2024, with revenue declines and ongoing efforts to address financial challenges and strategic realignments.
Worse than expected
Delay expected
Capital raise
Staffing 360 Solutions reported a decrease in revenue for the second quarter of 2024, alongside a net loss, as the company continues to navigate a challenging market and implement strategic changes.
Worse than expected
Delay expected
Capital raise
Staffing 360 Solutions experienced a 13% revenue decrease in the first quarter of 2024, alongside strategic moves including the disposal of its UK operations and a reverse stock split.
Worse than expected
Delay expected
Capital raise
Annual Reports (10-K)
Staffing 360 Solutions, Inc. reports a revenue increase of 3.2% for fiscal year 2023, driven by the Headway acquisition, while facing challenges in commercial staffing revenue.
Delay expected
Capital raise
Worse than expected
Insider Trading (Form 4)
Brendan Flood, CEO of Staffing 360 Solutions, acquired 3,500 shares of common stock on January 6, 2025.
Alicia Barker, Chief Operating Officer of Staffing 360 Solutions, acquired 2,000 shares of common stock on January 6, 2025.
Brendan Flood, Chairman and CEO of Staffing 360 Solutions, reports acquisition of 1,000 shares of common stock.
Alicia Barker, Chief Operating Officer of Staffing 360 Solutions, Inc., reports the acquisition of 1,000 shares of common stock on November 7, 2024.
Director Dimitri Villard reports acquisition and disposal of Staffing 360 Solutions shares on October 10, 2024.
Form 4: Staffing 360 Solutions Director Nicholas Florio Reports Acquisition and Disposal of Common Stock
Director Nicholas Florio reports acquiring 1,000 shares and disposing of 29,099 shares of Staffing 360 Solutions common stock on October 10, 2024.
Proxy Statements (Def-14A)
Staffing 360 Solutions issues a supplement to its definitive proxy statement clarifying the impact of potential broker non-votes on the Merger Agreement Adoption Proposal and correcting a typographical error regarding proxy revocation deadline.
Atlantic International Corp. will acquire Staffing 360 Solutions, Inc., with Staffing 360 becoming a wholly-owned subsidiary of Atlantic International.
Staffing 360 Solutions will hold its 2024 Annual Meeting of Stockholders virtually on December 27, 2024, to vote on director elections, auditor ratification, and an adjournment proposal.