Recruiter.com Group, Inc. Announces Rebranding and Company Name Change to Nixxy, Inc.
Rhea-AI Summary
Recruiter.com Group, Inc. (NASDAQ:RCRT) has announced a significant rebranding initiative, including a corporate name change to Nixxy, Inc., effective October 1, 2024. This change reflects the company's ongoing evolution. As part of this transition, the company's common stock will trade under the new ticker symbol "NIXX" on the Nasdaq Stock Market, while its warrants will trade under "NIXXW".
The rebranding effort will also include the launch of a new website, company logo, and associated icon. The company has stated that it will provide further updates regarding this transition as appropriate, signaling a comprehensive overhaul of its corporate identity.
Positive
- Rebranding initiative may signal a strategic shift or expansion of the company's focus
- Continued listing on Nasdaq Stock Market maintains visibility for investors
Negative
- Potential confusion among investors due to name and ticker symbol change
- Costs associated with rebranding and website relaunch
News Market Reaction
On the day this news was published, RCRT gained 7.03%, reflecting a notable positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
BRISTOL, CT / ACCESSWIRE / September 30, 2024 / Recruiter.com Group, Inc. (NASDAQ:RCRT) (the "Company") today announced a major rebranding to reflect the Company's continuing evolution, including a corporate name change to Nixxy, Inc. effective October 1, 2024. In addition, the Company's common stock will trade on the Nasdaq Stock Market under the new ticker symbol "NIXX" effective October 1, 2024. The Company's warrants will also trade then under the new symbol "NIXXW."
As part of the name change and the new stock ticker symbol (NIXX), the Company will soon relaunch a new website, new company logo, and associated icon.
The Company will provide further updates regarding its ongoing transition as appropriate.
About Recruiter.com Group, Inc.
Recruiter.com Group, Inc. (NASDAQ:RCRT) is a publicly traded company dedicated to providing innovative technology-enabled solutions and services. As part of an ongoing restructuring, the Company is focused on optimizing its operations to better serve its stakeholders. Through its continued efforts to streamline and enhance its offerings, Recruiter.com Group, Inc. aims to deliver value-driven results for businesses and investors alike. Visit https://investors.recruiter.com for more information and filings.
Contact:
Recruiter.com Group, Inc.
123 Farmington Avenue, Suite 252
Bristol, CT 06010
Phone: (855) 931-1500
Email: investors@recruiter.com
Forward-Looking Statements
This press release may contain "forward-looking statements" as defined under applicable securities laws, including, without limitation, statements regarding the completion of the planned CognoGroup spinout, ongoing restructuring efforts, expected future operations, and anticipated partnerships or collaborations. These forward-looking statements reflect the Company's current views about future events and are subject to certain risks, uncertainties, and assumptions. Actual results, performance, or achievements may differ materially from those described or implied by these statements. Factors that could cause actual results to differ include but are not limited to, general economic conditions, changes in market conditions, the Company's ability to execute its restructuring plan, legal or regulatory changes, and other risks and uncertainties as described in the Company's filings with the Securities and Exchange Commission (SEC), including the latest Annual Report on Form 10-K and subsequent filings. The Company undertakes no obligation to update or revise any forward-looking statements, except as required by law.
Risks and Uncertainties
We advise readers that these forward-looking statements are subject to risks, uncertainties, and other factors, many of which are outside of our control, that could cause actual results to differ significantly from those expressed or implied. Such risks include, but are not limited to, market conditions, competition, and regulatory changes, as well as those items mentioned in our latest filings with the SEC, including our annual report on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K.
Third-Party Information
We do not endorse or accept any responsibility for third-party projections or data referenced in this press release. Any reliance on such information is at the user's own risk.
Disclaimer
This press release is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities of the Company. Any offers, solicitations, or recommendations to purchase or sell securities will be made only through appropriate legal documentation and only in jurisdictions where such offers, solicitations, or recommendations are legally permitted. The Company makes no representations or warranties about the accuracy or completeness of the information contained in this press release, and any reliance on this information is strictly at your own risk.
SOURCE: Recruiter.com Group, Inc.
View the original press release on accesswire.com
FAQ
When will Recruiter.com Group, Inc. (RCRT) change its name to Nixxy, Inc.?
What will be the new stock ticker symbol for Recruiter.com Group, Inc. (RCRT) after its rebranding?
What changes are included in Recruiter.com Group's (RCRT) rebranding initiative?
When will the new stock ticker symbol 'NIXX' for Recruiter.com Group (RCRT) become effective?
