10:05 AM EDT, 07/19/2024 (MT Newswires) -- ZK International Group ( ZKIN ) said Friday that its board approved a $2 million investment in Recruiter.com Group ( RCRT ) .

The companies signed stock purchase agreements, under which ZK International ( ZKIN ) will purchase 2 million Recruiter.com ( RCRT ) shares at $1 apiece and get a six-month option to purchase 2 million additional shares at the same price, according to the statement.

ZK International ( ZKIN ) also said it plans to issue a share dividend to its shareholders from the investment in Recruiter.com ( RCRT ).

Shares of ZK International ( ZKIN ) were up by more than 8% in recent trading, while Recruiter.com ( RCRT ) was little changed.

Price: 0.63, Change: +0.07, Percent Change: +12.50