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ShiftPixy | 424B4: Prospectus

SEC announcement ·  Mar 21 13:11
Summary by Moomoo AI
ShiftPixy, Inc., a company listed on The Nasdaq Capital Market under the symbol 'PIXY,' has announced a securities offering on a best efforts basis. The offering includes 590,000 shares of common stock, pre-funded warrants to purchase up to 586,470 shares of common stock, and common warrants to purchase up to 1,176,470 shares of common stock. The shares and warrants are immediately separable but must be purchased together. The public offering price is set at $4.25 per share and accompanying common warrant, while the pre-funded warrant and accompanying common warrant are priced at $4.2499. The common warrants are exercisable immediately at $4.25 per share and will expire five years from the date of issuance. The pre-funded warrants have an exercise price of $0.0001 per share...Show More
ShiftPixy, Inc., a company listed on The Nasdaq Capital Market under the symbol 'PIXY,' has announced a securities offering on a best efforts basis. The offering includes 590,000 shares of common stock, pre-funded warrants to purchase up to 586,470 shares of common stock, and common warrants to purchase up to 1,176,470 shares of common stock. The shares and warrants are immediately separable but must be purchased together. The public offering price is set at $4.25 per share and accompanying common warrant, while the pre-funded warrant and accompanying common warrant are priced at $4.2499. The common warrants are exercisable immediately at $4.25 per share and will expire five years from the date of issuance. The pre-funded warrants have an exercise price of $0.0001 per share and are also immediately exercisable. The offering also includes shares of common stock issuable upon the exercise of the pre-funded and common warrants. A.G.P./Alliance Global Partners is engaged as the placement agent on a best efforts basis and will receive a fee based on the aggregate gross proceeds. The offering is expected to close on or about March 21, 2024. ShiftPixy has declared itself an emerging growth company and will comply with reduced public disclosure requirements. Investing in the securities involves a high degree of risk, and the company has a history of operating losses and negative cash flows, raising substantial doubt about its ability to continue as a going concern. The last reported sale price of ShiftPixy's common stock was $6.80 per share as of March 18, 2024.

This announcement is a separate document:

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