Stock-For-Stock Transaction Using Star's Publicly Listed Preferred Stock (NASDAQ:STRRP)

Management Needs to Agree to Normal Severance

OLD GREENWICH, Conn., May 06, 2026 (GLOBE NEWSWIRE) -- Star Equity Holdings, Inc. (NASDAQ:STRR, STRRP))) ("Star" or "we"), a diversified holding company and a 5.4% stockholder of GEE Group, Inc. (NYSE:JOB) ("GEE Group" or the "Company"), announced today that it has presented GEE Group's Board of Directors (the "Board") with an indication of interest for the potential acquisition of the Company. The indication of interest contemplates a stock-for-stock transaction whereby Star would acquire 100% of the outstanding shares of the Company's common stock for $0.30 per share, using Star's publicly listed 10% Series A Cumulative Perpetual Preferred Stock (NASDAQ:STRRP), valued based on its liquidation preference of $10.00 per share.