NEW YORK, Dec. 31, 2020 (GLOBE NEWSWIRE) -- Staffing 360 Solutions, Inc. (NASDAQ: STAF), a staffing company executing an international buy-integrate-build strategy through the acquisition of staffing organizations in the United States and the United Kingdom, today announced the closing of its previously announced registered direct offering priced at-the-marked under Nasdaq rules, of 2,662,596 shares of its common stock at a purchase price of $0.655 per share for gross proceeds of approximately $1.74 million.

The Company intends to use 75% of the net proceeds from the registered direct offering to redeem a portion of its outstanding note due September 30, 2022, and 25% of the net proceeds from this offering to redeem a portion of its Series E Preferred Stock.

H.C. Wainwright & Co. acted as sole book-running manager for the offering.

About Staffing 360 Solutions, Inc.

Staffing 360 Solutions, Inc. is engaged in the execution of an international buy-integrate-build strategy through the acquisition of domestic and international staffing organizations in the United States and United Kingdom. For more information, visit www.staffing360solutions.com.