STRR News & Events

Star Equity (STRR), a 5.4% stockholder of GEE Group (JOB) via its Investments Division, makes public a letter sent to GEE Group suggesting the two companies begin discussions on a potential merger, subject to executing an NDA and further due diligence. Thus far, the Proposal has received no response from GEE Group despite repeated outreach through multiple delivery methods. Rationale of proposal: "We believe strongly that becoming part of a larger entity is the best way to increase value for GEE Group's long-suffering stockholders... JOB's Stock Price Level Signals Market Concern over Financial Performance, Capital Allocation, and Cash Management... Star Equity's Proposal Would Significantly Benefit JOB Stockholders."

Reports Q3 revenue $47.96M vs $36.85M last year. Jeff Eberwein, CEO of Star, noted, "Third quarter results reflect the impact of our recent merger, with revenue, gross profit, and Adjusted EBITDA all increasing year over year, largely due to the inclusion of the acquired company's results beginning August 22, 2025. Adjusted net income per diluted share was $0.02 in Q3 2025, compared to a loss of $0.13 in Q3 2024 marking a turnaround in bottom-line profitability and an encouraging early signal of the combined company's earnings potential."