# EDGAR Filing Document

**Accession Number:** 0001462223
**File Stem:** 0001654954-23-001581
**Filing Date:** 2023-2
**Character Count:** 20414
**Document Hash:** f3fbc6f1df31a3bceb1348e2bf7ead18
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001654954-23-001581.hdr.sgml**: 20230210

**ACCESSION NUMBER**: 0001654954-23-001581

**CONFORMED SUBMISSION TYPE**: 424B3

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20230210

**DATE AS OF CHANGE**: 20230210

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Recruiter.com Group, Inc.
- **CENTRAL INDEX KEY:** 0001462223
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-COMPUTER PROGRAMMING SERVICES [7371]
- **IRS NUMBER:** 263090646
- **STATE OF INCORPORATION:** NV
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 424B3
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-261734
- **FILM NUMBER:** 23612601

**BUSINESS ADDRESS:**
- **STREET 1:** 500 SEVENTH AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10018
- **BUSINESS PHONE:** 855-931-1500

**MAIL ADDRESS:**
- **STREET 1:** 500 SEVENTH AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10018

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TRULI TECHNOLOGIES, INC.
- **DATE OF NAME CHANGE:** 20180627

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Truli Media Group, Inc.
- **DATE OF NAME CHANGE:** 20120709

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SA Recovery Corp.
- **DATE OF NAME CHANGE:** 20090417

---

| | |
|:---|:---|
| **PROSPECTUS SUPPLEMENT No. 11**<br> **Dated February 10, 2023** | **Filed Pursuant to Rule 424(b)(3)** |
| **(To Prospectus dated December 27, 2021)** | **Registration 333-261734** |

---

![](rcrt_424b3img1.jpg)

**Recruiter.com Group, Inc.**

**1,707,892 shares of Common Stock**

**2,961,688 shares of Common Stock underlying Warrants to Purchase Common Stock**

**EXPLANATORY NOTE**

This Prospectus Supplement No. 11 (this "Prospectus Supplement No. 11") relates to the resale by the selling security holders (the "Selling Security Holders") identified in the prospectus dated December 27, 2021 (the "Base Prospectus") of up to an aggregate of 4,669,580 shares of common stock, par value $0.0001 per share (the "Common Stock") of Recruiter.com Group, Inc. (the "Company"), consisting of up to: (a) 1,707,892 shares of Common Stock, and (b) 2,961,688 shares of Common Stock issuable upon exercise of warrants ("Warrants") that may be sold from time to time by the Selling Security Holders identified in the Base Prospectus pursuant to the registration statement that the Base Prospectus forms a part of. The Company will not receive proceeds from the sale of shares of Common Stock.

This Prospectus Supplement No. 11 should be read together with the Base Prospectus and this Prospectus Supplement No. 11 is qualified by reference to the Base Prospectus (collectively, the "Prospectus"), except to the extent that the information in this Prospectus Supplement No. 11 updates and supersedes the information contain in the Base Prospectus. This Prospectus Supplement No. 11 is not complete without and may not be delivered or utilized except in conjunction with, the Base Prospectus, including any amendments thereto.

This Prospectus Supplement No. 11 includes the attached Current Report on Form 8-K of the Company dated November 18, 2022, filed by the Company with the Securities and Exchange Commission on November 28, 2022, the attached Current Report on Form 8-K of the Company dated December 5, 2022, filed by the Company with the Securities and Exchange Commission on December 9, 2022, and the attached Current Report on Form 8-K of the Company dated February 2, 2023, filed by the Company with the Securities and Exchange Commission on February 8, 2023.

The Company's Common Stock and Warrants are traded on the Nasdaq Capital Market under the symbols "RCRT" and "RCRTW."

**You should rely only on the information contained in the Prospectus or any prospectus supplement or amendment hereto. The Company has not authorized anyone to provide you with different information.**

**Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or passed upon the adequacy or accuracy of this Prospectus Supplement No. 11. Any representation to the contrary is a criminal offense.**

**The date of this prospectus supplement is February 10, 2023.**

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**________________________________**

**FORM 8-K**

**________________________________**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

**Date of Report (Date of earliest event reported): February 2, 2023**

**________________________________**

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| |
|:---|
| **RECRUITER.COM GROUP, INC.** |
| (Exact name of registrant as specified in its charter) |

---

---

| | | |
|:---|:---|:---|
| **Nevada** | **001-53641** | **90-1505893** |
| (State or other jurisdiction <br> of incorporation)  | (Commission<br> File Number)  | (IRS Employer <br> Identification No.) |

---

**500 Seventh Avenue**

**<u>New York, New York 10018</u>**

(Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code: **<u>(855) 931-1500</u>**

<u>**Not Applicable**</u>

(Former name or former address, if changed since last report.)

**________________________________**

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to 12(b) of the Act:

<u> Title of class</u> <u> Trading symbol</u> <u> Name of exchange on which registered</u> <br> <u> Common Stock</u> <u> RCRT</u> <u> NASDAQ Capital Market</u> <br> Common Stock Purchase Warrants RCRTW NASDAQ Capital Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

**Item 1.01 Entry into a Material Definitive Agreement.**

***Novo Amendment***

On February 2, 2023, Recruiter.com Group, Inc. (the "Company") entered into a Consent and Amendment No. 1 to Promissory Note with Novo Group, Inc. ("Novo") and Montage Capital II, L.P. (solely with respect to Section 2 thereof) ("Montage") effective November 1, 2022 (the "Novo Amendment"). The Novo Amendment modifies the Promissory Note issued to Novo on August 27, 2021 (the "Novo Note") by amending the payment schedule pursuant to which the Company shall make payments of principal and interest to Novo, as further described in the Novo Amendment.

The summary of the Novo Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Novo Amendment, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K.

***Montage Amendment***

On February 2, 2023, the Company entered into a First Amendment to Loan and Security Agreement (the "Montage Amendment"), by and between the Company, its subsidiaries (Recruiter.com, Inc., Recruiter.com Recruiting Solutions, LLC, Recruiter.com Consulting, LLC, VocaWorks, Inc., Recruiter.com Scouted, Inc., Recruiter.com Upsider, Inc., and Recruiter.com - OneWire, Inc.), and Montage, effective as December 18, 2022. The Montage Amendment modifies that certain Loan and Security Agreement by and among the Company, its subsidiaries, and Montage to provide the Company with additional time to meet certain post-closing covenants.

The summary of the Montage Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Montage Amendment, a copy of which is filed as Exhibit 10.2 to this Current Report on Form 8-K.

***Warrant Amendments***

On February 3, 2023, the Company entered into amendments (the "Warrant Amendments") to Common Stock Purchase Warrants issued on August 17, 2022 (the "Warrants") to each of Cavalry Fund I LP, Firstfire Global Opportunities Fund LLC, and Porter Partners, L.P. (the "Warrantholders"). The Warrant Amendments modify the time period until the Warrantholders are permitted to exercise the Warrants by means of a "cashless exercise." In addition, the Warrant Amendments lower the exercise price of the Warrants to $0.38 per warrant share, as further described in the Warrant Amendments. As a result of the lowered exercise price of the Warrants, the exercise price of warrants issued by the Company on May 28, 2020, January 5, 2021, January 20, 2021, August 17, 2022, and August 30, 2022, will be automatically lowered to $0.38 per warrant share.

The summary of the Warrant Amendments does not purport to be complete and is qualified in its entirety by reference to the full text of the form of Warrant Amendments, a copy of which is filed as Exhibit 4.1 to this Current Report on Form 8-K.

**Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.**

To the extent required by Item 2.03 of Form 8-K, the information contained in Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.

**Item 9.01 Financial Statements and Exhibits**

**(d) Exhibits:**

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| | |
|:---|:---|
| **Exhibit** | **Descriptio**n |
| [4.1](http://www.sec.gov/Archives/edgar/data/1462223/000165495423001479/rcrt_ex41.htm) | [Form of First Amendment to Common Stock Purchase Warrant dated as of February 3, 2023.](http://www.sec.gov/Archives/edgar/data/1462223/000165495423001479/rcrt_ex41.htm) |
| [10.1](http://www.sec.gov/Archives/edgar/data/1462223/000165495423001479/rcrt_ex101.htm) | [Consent and Amendment No. 1 to Promissory Note, by and between the Company, Novo Group, Inc., and Montage Capital II, L.P. dated February 2, 2023 and effective as of November 1, 2022.](http://www.sec.gov/Archives/edgar/data/1462223/000165495423001479/rcrt_ex101.htm) |
| [10.2](http://www.sec.gov/Archives/edgar/data/1462223/000165495423001479/rcrt_ex102.htm) | [First Amendment to Loan and Security Agreement, by and among the Company, its subsidiaries, and Montage Capital II, L.P. dated February 2, 2023 and effective December 18, 2022.](http://www.sec.gov/Archives/edgar/data/1462223/000165495423001479/rcrt_ex102.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |

---

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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| | |
|:---|:---|
|  | **Recruiter.com Group, Inc.** |
| Date: February 8, 2023 | /s/ Evan Sohn |
|  | Evan Sohn |
|  | Chief Executive Officer |

---

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**________________________________**

**FORM 8-K**

**________________________________**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

**Date of Report (Date of earliest event reported): December 5, 2022**

**________________________________**

---

| |
|:---|
| **RECRUITER.COM GROUP, INC.** |
| (Exact name of registrant as specified in its charter) |

---

---

| | | |
|:---|:---|:---|
| **Nevada** | **001-53641** | **90-1505893** |
| (State or other jurisdiction <br> of incorporation)  | (Commission<br> File Number)  | (IRS Employer<br> Identification No.) |

---

**500 Seventh Avenue**

**<u>New York, New York 10018</u>**

(Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code: **<u>(855) 931-1500</u>**

<u>Not Applicable</u>

(Former name or former address, if changed since last report.)

**________________________________**

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to 12(b) of the Act:

<u> Title of class</u> <u> Trading symbol</u> <u> Name of exchange on which registered</u> <br> <u> Common Stock</u> <u> RCRT</u> <u> NASDAQ Capital Market</u> <br> Common Stock Purchase Warrants RCRTW NASDAQ Capital Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

**Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.**

On December 5, 2022, Xuan Smith notified Recruiter.com Group, Inc. (the "Company") of his decision to resign from his position as Chief Technology Officer of the Company, effective December 5, 2022. Mr. Smith, a named executive officer of the Company, resigned to pursue other opportunities and his resignation was not the result of any dispute or disagreement with the Company relating to the Company's operations, policies or practices. The Company has agreed to treat the resignation as termination for which the Company will pay severance under Mr. Smith's executive employment agreement.

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: December 9, 2022

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| |
|:---|
| **Recruiter.com Group, Inc.** |
| /s/ Evan Sohn |
| Evan Sohn |
| Chief Executive Officer |

---

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**________________________________**

**FORM 8-K**

**________________________________**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

**Date of Report (Date of earliest event reported): November 18, 2022**

**________________________________**

---

| |
|:---|
| **RECRUITER.COM GROUP, INC.** |
| (Exact name of registrant as specified in its charter) |

---

---

| | | |
|:---|:---|:---|
| **Nevada** | **001-53641** | **90-1505893** |
| (State or other jurisdiction <br> of incorporation)  | (Commission<br> File Number)  | (IRS Employer<br> Identification No.) |

---

**500 Seventh Avenue**

**<u>New York, New York 10018</u>**

(Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code: **<u>(855) 931-1500</u>**

<u>Not Applicable</u>

(Former name or former address, if changed since last report.)

**________________________________**

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to 12(b) of the Act:

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| | | |
|:---|:---|:---|
| Title of class | Trading symbol | Name of exchange on which registered |
| Common Stock | RCRT | NASDAQ Capital Market |
| Common Stock Purchase Warrants | RCRTW | NASDAQ Capital Market |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

**Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.**

On November 18, 2022, Recruiter.com Group, Inc. (the "Company") received a notification letter from the Nasdaq Listing Qualifications Staff of The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that the minimum bid price per share for its common stock has been below $1.00 for a period of 30 consecutive business days and the Company therefore no longer meets the minimum bid price requirements set forth in Nasdaq Listing Rule 5550(a)(2). The notification received has no immediate effect on the listing of the Company's common stock on Nasdaq. Under Nasdaq Listing Rule 5810(c)(3)(A), the Company has until May 17, 2023 to regain compliance with the minimum bid price continued listing standard. If at any time during such 180-day period the closing bid price of the Company's common stock is at least $1.00 for a minimum of ten consecutive business days, Nasdaq will provide the Company written confirmation of compliance.

If the Company does not regain compliance during such 180-day period, the Company may be eligible for an additional 180 calendar days to regain compliance, provided that the Company (i) meets the continued listing requirement for market value of publicly held shares and all other initial listing standards for the Nasdaq Capital Market, except for Nasdaq Listing Rule 5550(a)(2), and (ii) provides a written notice of its intention to cure this deficiency during the second compliance period, by effecting a reverse stock split, if necessary. If the Company meets these requirements, Nasdaq will inform the Company that it has been granted an additional 180 calendar days to regain compliance. However, if it appears to the Listing Qualifications Staff that the Company will not be able to cure the deficiency, or if the Company is otherwise not eligible, Nasdaq will provide notice that the Company's securities will be subject to delisting. In the event of such notification, the Company may appeal Nasdaq's determination to delist its securities, but there can be no assurance that Nasdaq would grant the Company's request for continued listing.

The Company is monitoring the bid price of its common stock and may, if appropriate, evaluate various courses of action to achieve compliance with the minimum bid price continued listing standard. However, there can be no assurance that the Company will be able to regain compliance with the minimum bid price continued listing standard or will otherwise be in compliance with other Nasdaq listing criteria.

The Company, by filing this Form 8-K, discloses its receipt of the notification from Nasdaq in accordance with Nasdaq Listing Rule 5810(b).

2<br>

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: November 25, 2022

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| |
|:---|
| **Recruiter.com Group, Inc.** |
| /s/ Evan Sohn |
| Evan Sohn |
| Chief Executive Officer |

---

3<br>