Recruiter.com soars on merger deal with GoLogiq

GoLogiq

06/06/2023 14:21

** Share of Recruiter.com Group  RCRT.O  jump 82.4% to 35
cents premarket
    ** Recruiting firm says it plans to acquire fintech assets
of GoLogiq Inc  GOLQ.PK  in a deal that will give GOLQ
shareholders RCRT common stock equal to about 84% of the value
of their holdings 
    ** Co says the deal values the combined company at about
$105 million
    ** RCRT will continue to be listed on the Nasdaq and plans
to change its name to reflect the new fintech focus of the
company
    ** Up to last close, RCRT down ~54% YTD

 (Reporting by Chavi Mehta in Bengaluru)
 ((Chavi.Mehta@thomsonreuters.com;))