ShiftPixy, Inc. Announces Signed LOI to Acquire TurboScale
ShiftPixy, Inc. (PIXY)
Last shiftpixy, inc. earnings: 1/21 04:21 pm
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US:NASDAQ Investor Relations:
ir.shiftpixy.com/investor-relations
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Source: Business Wire
MIAMI--(BUSINESS WIRE)--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 o
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News
- ShiftPixy jumps 25% on TurboScale acquisition for $150M [Seeking Alpha]Seeking Alpha
- ShiftPixy, Inc. Announces Signed LOI to Acquire TurboScale [Yahoo! Finance]Yahoo! Finance
- ShiftPixy's Big AI Move: Supercharges Workforce Management With $150M TurboScale Deal [Yahoo! Finance]Yahoo! Finance
- ShiftPixy acquires TurboScale in $150M deal [Seeking Alpha]Seeking Alpha
- ShiftPixy, Inc. Announces Acquisition of TurboScaleBusiness Wire
PIXY
Sec Filings
- 10/28/24 - Form 8-K
- 10/22/24 - Form 8-K
- 10/18/24 - Form 8-K
- PIXY's page on the SEC website