ShiftPixy, Inc., a Wyoming-based company, has filed an amendment to its Form S-1/A registration statement with the Securities and Exchange Commission (SEC) on February 12, 2024. The company is preparing for a public offering of up to $10,000,000 of its common stock, along with common warrants to purchase additional shares. The offering includes common stock, common warrants, pre-funded warrants, and shares underlying both common and pre-funded warrants. The common stock and warrants are immediately separable but must be purchased together. The assumed public offering price is $4.79 per share and accompanying common warrant, based on the last reported sale price of ShiftPixy's common stock on February 6, 2024. The common warrants are exercisable immediately at the same price and will expire...Show More

ShiftPixy, Inc., a Wyoming-based company, has filed an amendment to its Form S-1/A registration statement with the Securities and Exchange Commission (SEC) on February 12, 2024. The company is preparing for a public offering of up to $10,000,000 of its common stock, along with common warrants to purchase additional shares. The offering includes common stock, common warrants, pre-funded warrants, and shares underlying both common and pre-funded warrants. The common stock and warrants are immediately separable but must be purchased together. The assumed public offering price is $4.79 per share and accompanying common warrant, based on the last reported sale price of ShiftPixy's common stock on February 6, 2024. The common warrants are exercisable immediately at the same price and will expire five years from the date of issuance. The pre-funded warrants are offered to investors who would exceed ownership limits with common stock purchases, exercisable for one share of common stock at $0.0001 per share. The offering is conducted on a best-efforts basis with no minimum number of securities or proceeds required to close. The offering will terminate no later than 2024, with the common stock underlying the warrants offered continuously under Rule 415. ShiftPixy's common stock is listed on Nasdaq under the symbol 'PIXY.' The company plans to use the net proceeds for general corporate purposes, including working capital and operating expenses. The offering involves risks, including the company's history of losses and the absence of a minimum offering amount, which could impact the company's ability to achieve its business goals.