Recruiter Group (RCRT) has released an update.
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Recruiter.com Group, Inc. has secured a crucial licensing agreement that could bolster its financial standing and ensure compliance with Nasdaq listing requirements. The firm obtained an exclusive worldwide license to develop and sell GoLogiq’s fintech products, with GoLogiq receiving a significant equity stake in return, alongside royalties. This strategic move comes after Recruiter.com faced potential delisting due to non-compliance with Nasdaq’s minimum stockholders’ equity requirement. The new agreement promises to add value to the company’s balance sheet, potentially exceeding Nasdaq’s thresholds and supporting the company’s long-term business strategy in the AI and payments space.
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