ShiftPixy, Inc., a comprehensive Human Capital Management (HCM) and Engagement platform provider, has announced a significant securities offering. The company is offering 745,000 shares of common stock, along with Series A and Series B Common Warrants to purchase up to 2,403,847 shares of common stock each. Additionally, 1,658,847 Pre-funded Warrants are being offered to purchase an equivalent number of common stock shares. The common stock and warrants are immediately separable but must be purchased together in this offering. The combined public offering price per share and accompanying Common Warrants is set at $1.04. The Series A Common Warrants, exercisable at $1.04 per share, will expire five years from the Initial Exercise Date, while the Series B Common Warrants will expire two years from the...Show More

ShiftPixy, Inc., a comprehensive Human Capital Management (HCM) and Engagement platform provider, has announced a significant securities offering. The company is offering 745,000 shares of common stock, along with Series A and Series B Common Warrants to purchase up to 2,403,847 shares of common stock each. Additionally, 1,658,847 Pre-funded Warrants are being offered to purchase an equivalent number of common stock shares. The common stock and warrants are immediately separable but must be purchased together in this offering. The combined public offering price per share and accompanying Common Warrants is set at $1.04. The Series A Common Warrants, exercisable at $1.04 per share, will expire five years from the Initial Exercise Date, while the Series B Common Warrants will expire two years from the same date. Pre-funded Warrants, exercisable for one share of common stock at $0.0001 per share, will expire when exercised in full. A.G.P./Alliance Global Partners is engaged as the Placement Agent on a best-efforts basis, with no obligation to buy securities but will attempt to sell the securities offered. The offering is conducted without a minimum number of securities or aggregate amount of proceeds required to close. The offering aims to raise capital for general corporate purposes, including working capital and operating expenses. ShiftPixy's common stock is listed on The Nasdaq Capital Market under the symbol 'PIXY.' The offering is expected to close on August 30, 2024, unless fully subscribed before that date or terminated earlier at the company's discretion.