Staffing 360 Solutions Raises $2.8M in Conv Debt Deal at 25% Discount

Staffing 360 Solutions, Inc. (STAF) announced that it has raised $2,848,500 in a Convertible Debentures transaction. The fixed conversion price of the Convertible Debentures is $1.50 per share, an approximate 25% discount to the market price ($2.00) of STAF at deal announcement. The transaction closed on May 19, 2014. via PlacementTracker.