STAF - Staffing 360 Solutions stock rises

JuSun/iStock via Getty Images Staffing 360 Solutions, Inc. ([[STAF]] +3.9%), a company focused on acquiring and integrating U.S. and U.K. staffing agencies, shares are up today after the company announced that it received full forgiveness of its $19.4M Paycheck Protection Program (PPP) loan. The loan comprises about 9.2% of the company's approximate costs of revenue and operating expenses of $210M during 2020. The company will further discuss the loan forgiveness and report its second quarter revenue and earnings on Thursday, August 12. The company will also go into further detail on its 70.4% debt reduction over the past twelve months. The company's share price dropped last week after investors found out that the price of its direct offering would value each share at $3.45.

For further details see:

Staffing 360 Solutions stock rises