Staffing 360 Solutions Notifies of Delay in Q3 Form 10-Q Filing to Nasdaq

NEW YORK - Staffing 360 Solutions, Inc. STAF, which operates in the staffing sector by pursuing an international buy-integrate-build strategy through the acquisition of various staffing organizations in the United States and the United Kingdom, has announced a delay in filing its Form 10-Q report for the third quarter of 2023.

Notification to Nasdaq

The company revealed it received a notification from Nasdaq due to the non-timely filing of the 10-Q, an essential report that publicly traded companies must file quarterly with the Securities and Exchange Commission (SEC). The delay in submission is a departure from the usual financial regulatory requirements and the rules set forth by Nasdaq for listed companies. STAF has publicly addressed the issue and is expected to provide the required financial information as soon as it becomes available.

Buy-Integrate-Build Strategy

STAF enacts a specific growth strategy by acquiring various staffing firms with the aim of expanding its global footprint, particularly in the US and UK markets. The New York-headquartered firm emphasizes a model of integration and building upon the acquired entities to establish a more comprehensive service offering in the staffing industry.

Company Overview

Staffing 360 Solutions, Inc. focuses on the merger and acquisition of staffing companies. As part of its growth initiative, STAF continually evaluates opportunities to purchase other staffing agencies that align with the company's strategic objectives and operational ethos, working to create scale and drive profitability across its portfolio of businesses.

Staffing360, Nasdaq, Filing