On August 25, 2024, ShiftPixy, Inc., a Wyoming-incorporated company specializing in staffing solutions for the Gig Economy, announced the entry into a placement agency agreement with A.G.P./Alliance Global Partners and a securities purchase agreement with an investor. The agreements are part of a best efforts offering where ShiftPixy will sell approximately 745,000 shares of common stock and various warrants to purchase additional shares, aiming to raise gross proceeds of about $2.5 million. The offering price is set at $1.04 per share or per pre-funded warrant, with the warrants exercisable immediately or upon shareholder approval, depending on the type. The proceeds are intended for general corporate purposes, including working capital and operating expenses. The offering is expected to close on August...Show More

On August 25, 2024, ShiftPixy, Inc., a Wyoming-incorporated company specializing in staffing solutions for the Gig Economy, announced the entry into a placement agency agreement with A.G.P./Alliance Global Partners and a securities purchase agreement with an investor. The agreements are part of a best efforts offering where ShiftPixy will sell approximately 745,000 shares of common stock and various warrants to purchase additional shares, aiming to raise gross proceeds of about $2.5 million. The offering price is set at $1.04 per share or per pre-funded warrant, with the warrants exercisable immediately or upon shareholder approval, depending on the type. The proceeds are intended for general corporate purposes, including working capital and operating expenses. The offering is expected to close on August 27, 2024, subject to customary closing conditions. ShiftPixy has also agreed to certain restrictions on additional share issuances following the offering's close. The securities were offered under a previously declared effective registration statement by the SEC. Additionally, the company has amended the terms of previously issued warrants to an existing investor, reducing the exercise price and extending the term upon shareholder approval.