GEE Group Announces Closing of $50 Million Underwritten Public Offering

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Apr 20, 2021

JACKSONVILLE, FL / ACCESSWIRE / April 19, 2021 / GEE Group Inc. (AMEX:JOB, Financial) ("GEE" or the "Company"), a provider of professional staffing services and solutions, today announced the closing of its underwritten public offering of 83,333,333 shares of its common stock at a public offering price of $0.60 per share, for gross proceeds of approximately $50,000,000, before deducting the underwriting discount and commissions and offering expenses payable by the Company. GEE has granted the underwriters a 45-day option to purchase up to an additional 12,499,999 shares of the Company's common stock to cover over-allotments, if any, at the public offering price, less the underwriting discount. All of the shares of common stock are being offered by the Company.