🟢 CIRC is trading 9.47% up in after-hours trading after Circle8 confirms SThree bid avoids dilution

CIRC is trading 9.47% up at $0.55 in after-hours trading after renewed attention surrounding Circle8’s proposed acquisition of SThree.

• Circle8 confirmed the potential all-cash transaction could be financed without issuing additional shares, avoiding dilution for existing shareholders.
• SThree rejected the approach on September 11, calling it significantly undervalued.
• Circle8 must decide by October 7 whether to proceed or withdraw.