secwatch.observer — SEC 8-K summary
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Issuer:     Staffing 360 Solutions, Inc. (—)
CIK:        0001499717
Form:       8-K
Filed at:   2023-10-02T23:59:59+00:00
Accession:  0001493152-23-035026
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 3.03, 5.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Staffing 360 Solutions adopts limited-duration stockholder rights plan (poison pill) effective immediately
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- Board declared dividend of one right per common share and 0.3889 right per Series H Preferred share; record date Oct 21, 2023.
- Rights become exercisable only if a person/group acquires 10% (20% for passive investors) voting power without Board approval.
- Upon triggering, each right (excluding acquirer) allows purchase of common stock with market value twice the $2.75 exercise price.
- Rights expire on Oct 2, 2026; plan lacks dead-hand, slow-hand limits.
- As of Oct 1, 2023: ~5.6M common shares and 9M Series H Preferred shares outstanding.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1499717/000149315223035026/0001493152-23-035026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1499717/000149315223035026/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-035026

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