NEW YORK, Dec. 29, 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 underwritten public offering of 4,816,665 shares of its common stock, including the exercise in full by the underwriter of the option to purchase an additional 628,260 shares of common stock, at a public offering price of $0.60 per share, for aggregate gross proceeds of approximately $2.9 million.

The Company used 75% of the net proceeds from the offering to redeem a portion of its outstanding note due September 30, 2022, and 25% of the net proceeds from the 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.