GEE Group Announces Full Exercise and Closing of Over-Allotment Option in Connection with its Underwritten Public Offering
ACCESSWIRE
29 Apr 2021, 06:31 GMT+10
JACKSONVILLE, FL / ACCESSWIRE / April 28, 2021 / GEE Group Inc. (NYSE American:JOB) ( GEE or the Company ), a provider of professional staffing services and solutions, today announced that the underwriter of its recent public offering exercised in full its 15% over-allotment option to purchase an additional 12,499,999 common shares (the option shares ) of the Company at the public offering price of $0.60 per share. GEE has closed the transaction and received gross proceeds from the sale of the option shares of approximately $7.5 million, before deducting the underwriting discount and commissions and offering expenses. The Company previously closed, on April 18, 2021, an underwritten public offering of 83,333,333 shares of its common stock at the public offering price of $0.60 per share (the firm shares ), for gross proc
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