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Stock impact report

ShiftPixy stock dips on pricing about $2.5 million of securities offering [Seeking Alpha]

ShiftPixy, Inc. (PIXY) 
Last shiftpixy, inc. earnings: 1/21 04:21 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.shiftpixy.com/investor-relations
Company Research Source: Seeking Alpha
The company has priced 2.40 million common shares, each accompanied by series A and series B warrants. These warrants allow the purchase of up to an additional 2.40 million common shares each. The offering price for each common share, along with its accompanying series A and B warrants, is set at $1.04. Gross proceeds from the offering are expected to be approximately $2.5 million. 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. The closing of the offering is expected to occur on or about August 27, 2024. The company intends to use the net proceeds from the offering for general corporate pur Show less Read more
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