ShiftPixy, Inc. - Common Stock (PIXY)

This press release is issued to update and clarify statements made in the previous release dated October 17, 2024. ShiftPixy, Inc. (Nasdaq: PIXY) (“ShiftPixy” or the “Company”), a Florida-based national staffing enterprise which designs, manages, and sells access to a disruptive, revolutionary platform that facilitates employment in the rapidly growing Gig Economy, announced that on October 16, 2024, it entered into a non-binding Letter of Intent (“LOI”) to acquire TurboScale, a cutting-edge AI technology company specializing in scalable GPU cloud infrastructure and AI model deployment, for a purchase price of $150 million. The deal, structured as $75 million in stock and $75 million in debt, underscores ShiftPixy’s commitment to accelerating innovation through artificial intelligence and enhancing its platform capabilities with TurboScale’s advanced AI solutions. The completion of the acquisition is subject to the negotiation of definitive agreements and other customary closing conditions, including board and shareholder approval and completion of an examination period. There is no assurance the acquisition will be completed on the terms contemplated in the LOI, or at all.

ShiftPixy, Inc. (Nasdaq: PIXY) (“ShiftPixy” or the “Company”), a Florida-based national staffing enterprise which designs, manages, and sells access to a disruptive, revolutionary platform that facilitates employment in the rapidly growing Gig Economy, today announced its acquisition of TurboScale, a cutting-edge AI technology company specializing in scalable GPU cloud infrastructure and AI model deployment, in a $150 million transaction. The deal, which was structured with $75 million in stock and $75 million in debt underscores ShiftPixy’s commitment to accelerating innovation through artificial intelligence and enhancing its platform capabilities with TurboScale’s advanced AI solutions.

ShiftPixy, Inc. (Nasdaq: PIXY) (“ShiftPixy” or the “Company”), a Florida-based national staffing enterprise which designs, manages, and sells access to a disruptive, revolutionary platform that facilitates employment in the rapidly growing Gig Economy, today announced a one-for-fifteen (1:15) reverse split of the Company’s issued and outstanding shares of Common Stock, which will be effective at market open on Nasdaq on October 14, 2024.

ShiftPixy, Inc. (NASDAQPIXY) is one of today’s top gainers. The company’s shares have moved 14.2% on the day to $5.79.

ShiftPixy, Inc. (Nasdaq: PIXY) ("ShiftPixy" or the "Company"), a Florida-based national staffing enterprise which designs, manages, and sells access to a disruptive, revolutionary platform that facilitates employment in the rapidly growing Gig Economy, today announced the pricing of its "reasonable best efforts" offering of 2,403,847 common shares (or common share equivalents in lieu thereof) together with series A warrants to purchase up to 2,403,847 common shares and series B warrants to purchase up to 2,403,847 common shares at an offering price of $1.04 per common share and accompanying series A and B warrants. Each series A warrant is exercisable upon receipt of shareholder approval for one share of common stock at an exercise price of $1.04 per share and will expire five years from the effective date of shareholder approval. Each series B warrant is exercisable upon receipt of shareholder approval for one share of common stock at an exercise price of $1.04 per share and will expire two years from the effective date of shareholder approval. Gross proceeds from the offering, before deducting the placement agent’s fees and other offering expenses, are expected to be approximately $2.5 million.

Miami, FL – April 2, 2024–ShiftPixy, Inc. (NASDAQPIXY) (“ShiftPixy” or the “Company”), a Florida-based national human capital provisioning enterprise which designs, manages, and sells access to a disruptive, revolutionary platform that facilitates employment in the rapidly growing Gig Economy, today announces the execution of its second asset purchase agreement to acquire a leading provider […]

ShiftPixy, Inc. (Nasdaq: PIXY) (“ShiftPixy” or the “Company”), a Florida-based national human capital provisioning enterprise which designs, manages, and sells access to a disruptive, revolutionary platform that facilitates employment in the rapidly growing Gig Economy, today announces the execution of its second asset purchase agreement to acquire a leading provider of human capital across the Western U.S.

ShiftPixy, Inc. (NASDAQPIXY) is one of today’s top gainers. The company’s shares are currently up 51.52% on the day to $2.

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ShiftPixy, Inc. (Nasdaq: PIXY) (“ShiftPixy” or the “Company”), a Florida-based national staffing enterprise which designs, manages, and sells access to a disruptive, revolutionary platform that facilitates employment in the rapidly growing Gig Economy, today announced a definitive agreement to acquire a leading provider of human capital in Northern California.

PALM BEACH, Fla., April 02, 2024 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - Human Capital management market has been steadily growing over the past years and is expected to continue through this decade. Human Capital Management (HCM) is a collection of HR systems, tools, and practices used to recruit, attract, develop, train, retain, and manage employees to achieve business goals. It features human resource functions, compensation, and the main objective of a company. These solutions are deployed on cloud based and mobile technology to run reports, process data, and create a smooth end-user experience. The market growth is expected to be driven by the demand for people and performance management solutions. A report from Fortune Business Insights projected that the global Human Capital Management (HCM) market size, which was valued at USD 28.86 billion in 2023 is projected to grow from USD 31.34 billion in 2024 to USD 63.14 billion by 2032, exhibiting a CAGR of 9.1% during the forecast period. The report said: “Cloud computing solutions in HR tools encourage organizations to accelerate employee engagement and experience by offering wider features that enhance performance and talent management functionalities. Many businesses are transitioning from traditional human capital management systems to cloud-based solutions to save on infrastructure and maintenance expenses. According to industry professionals, around 60% of companies are utilizing cloud based solutions for tasks, such as recruitment, workforce management, core HR, and payroll and benefits. Multinational corporations that adopt centralized global payroll systems can decrease labor costs by approximately 50% by streamlining processes, optimizing operations, and implementing automation. This allows HR managers to concentrate on more crucial responsibilities, ultimately boosting overall productivity.”   Active companies in the markets this week include ShiftPixy, Inc. (NASDAQPIXY), Fiverr International Ltd. NYSE: FVRRNYSEFVRR)(NASDAQ: UPWKNASDAQUPWK, Workday, Inc. (NASDAQ: WDAYNASDAQ), Salesforce (NYSE: CRMCRM).

ShiftPixy, Inc. (Nasdaq: PIXY) (“ShiftPixy” or the “Company”), a Florida-based national human capital provisioning enterprise which designs, manages, and sells access to a disruptive, revolutionary platform that facilitates employment in the rapidly growing Gig Economy, today announced a significant advance in its growth strategy with the receipt of terms for $100 million of commercial financing with Forstmann & Co. Inc., to initiate the first phase of the company’s human capital roll up. This substantial financial injection is earmarked to kick off the first round of strategic acquisitions slated for the first quarter of 2024, marking a significant step in ShiftPixy's national expansion plans.

ShiftPixy, Inc. (Nasdaq: PIXY) ("ShiftPixy" or the "Company"), a Florida-based national staffing enterprise which designs, manages, and sells access to a disruptive, revolutionary platform that facilitates employment in the rapidly growing Gig Economy, today announced the pricing of its "reasonable best efforts" offering of 1,176,470 units at an offering price of $4.25 per unit (or $4.2499 with respect to units that include pre-funded warrants), priced at-the-market under Nasdaq rules. Each unit consists of one share of common stock (or a prefunded warrant in lieu thereof) and one common warrant. Each common warrant is immediately exercisable for one share of common stock at an exercise price of $4.25 per share and has a term of five years. Each pre-funded warrant is immediately exercisable for one share of common stock at an exercise price of $0.0001. The pre-funded warrants do not expire until exercised. Gross proceeds from the offering, before deducting the placement agent’s fees and other offering expenses, are expected to be approximately $5 million.

PHOENIX, AZ / ACCESSWIRE / October 9, 2023 / The Stock Day Podcast welcomed ShiftPixy, Inc. (Nasdaq:PIXY) ("ShiftPixy" or the "Company"), a Florida-based national staffing enterprise which designs, manages, and sells access to a disruptive, revolutionary platform that facilitates employment in the rapidly growing Gig Economy. Co-Founder and CEO of the Company, Scott Absher, joined Stock Day host Matthew Dunehoo.

ShiftPixy, Inc. (Nasdaq: PIXY) (“ShiftPixy” or the “Company”), a Florida-based national staffing enterprise which designs, manages, and sells access to a disruptive, revolutionary platform that facilitates employment in the rapidly growing Gig Economy, today announced that it has entered into a definitive agreement with a single U.S. institutional investor for the purchase and sale of 2,265,000 shares of the Company’s common stock (or common stock equivalents in lieu thereof) in a registered direct offering and warrants to purchase up to 2,265,000 shares of common stock in a concurrent private placement (together with the registered direct offering, the "Offering") at a combined purchase price of $1.10 per share. The warrants issued pursuant to the concurrent private placement will have an exercise price of $1.10 per share, will be exercisable beginning six months after issuance and will expire 5 years from the initial exercise date.

ShiftPixy, Inc. (Nasdaq: PIXY) (“ShiftPixy” or the “Company”), a Florida-based national staffing enterprise which designs, manages, and sells access to a disruptive, revolutionary platform that facilitates employment in the rapidly growing Gig Economy, announced today that its reverse stock split, scheduled for 11:59:59 p.m. on September 30, 2023, in Wyoming, will be postponed two weeks until 11:59:59 p.m. on October 14, 2023, in Wyoming. The delay is necessitated by the principal shareholder’s plans to effect charitable donations of his shares of the Company’s Common Stock and coordinating the donations with the recipient charities prior to the effectiveness of the reverse stock split. The Company anticipates that its common stock will begin trading on a post-reverse split basis on Nasdaq on October 16, 2023.

ShiftPixy, Inc. (Nasdaq: PIXY) (“ShiftPixy” or the “Company”), a Florida-based national staffing enterprise which designs, manages, and sells access to a disruptive, revolutionary platform that facilitates employment in the rapidly growing Gig Economy, today announced that at 11:59:59 p.m. on September 30, 2023, in Wyoming, pursuant to the vote of its shareholders on August 21, 2023, to effect a one-for-twenty-four (1:24) reverse split of the Company’s issued and outstanding shares of Common Stock, as further detailed in the Company’s definitive Schedule 14C Information Statement filed on September 1, 2023, Articles of Amendment of the Company’s Amended and Restated Articles of Incorporation will become effective as filed with the Secretary of State of Wyoming. The new reversed shares will begin trading on Nasdaq on October 2, 2023.

ShiftPixy, Inc. (Nasdaq: PIXY) ("ShiftPixy" or the "Company"), a Miami-based disruptive worker engagement and management platform, today announced the pricing of its "reasonable best efforts" public offering of 2,066,667 units at a public offering price of $1.50 per unit. Each unit consists of one share of common stock (or a prefunded warrant in lieu thereof) and one common warrant each exercisable for one share of common stock at an exercise price of $1.50 per share. The common warrants will be immediately exercisable and expire five years from the date of issuance. The pre-funded warrants and accompanying common warrants are identical to the units, except that each pre-funded warrant is immediately exercisable for one share of common stock at an exercise price of $0.0001, the purchase price for a pre-funded warrant and accompanying common warrants is $1.4999 and the pre-funded warrants do not expire until exercised. Gross proceeds from the offering, before deducting the placement agent’s fees and other offering expenses, are expected to be approximately $3.1 million.

ShiftPixy, Inc. (Nasdaq: PIXY) (“ShiftPixy” or the “Company”), a Miami-based disruptive worker engagement and management platform, today announced the launch of its game-changing “Instant Interview” feature, resolving a major roadblock to getting workers hired.

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Miami, FL –  May 18, 2023  – ShiftPixy, Inc. (NASDAQPIXY) (“ShiftPixy” or the “Company”), a Miami-based national staffing enterprise which designs, manages, and sells access to a disruptive, revolutionary platform that facilitates employment in the rapidly growing Gig Economy, today announced it has engaged a registered broker dealer to review PIXY trading data and […]

ShiftPixy, Inc. (Nasdaq: PIXY) (“ShiftPixy” or the “Company”), a Miami-based national staffing enterprise which designs, manages, and sells access to a disruptive, revolutionary platform that facilitates employment in the rapidly growing Gig Economy, today announced it has engaged a registered broker dealer to review PIXY trading data and collaborate in filing FinCEN 314(b) suspicious activity reports (“SAR”) on its behalf. Section 314(b) of the USA Patriot Act provides financial institutions with the ability to share information with one another, under a safe harbor that offers protections from liability, in order to better identify and report activities that may involve money laundering or terrorist activities. Information sharing pursuant to Section 314(b) is voluntary, and FinCEN strongly encourages financial institutions to participate. The process can yield a number of useful outcomes:

ShiftPixy, Inc. (Nasdaq: PIXY) (“ShiftPixy” or the “Company”), a Miami-based national staffing enterprise which designs, manages, and sells access to a disruptive, revolutionary platform that facilitates employment in the rapidly growing Gig Economy, today expanded on how its Fast Fill technology works. Designed to meet the needs of the modern workforce, by leveraging the power of mobile devices ShiftPixy is able to connect with the new part-time workers where they are – on their smartphones.

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ShiftPixy’s Innovative AI Solution Boosts Efficiency and Productivity in the Worker Acquisition Process    Miami, FL – March 23, 2023 – ShiftPixy, Inc. (Nasdaq: PIXY) (“ShiftPixy” or the “Company”), a Miami-based national staffing enterprise which designs, manages, and sells access to a disruptive, revolutionary platform that facilitates employment in the rapidly growing Gig Economy, today […]