On September 26, 2024, ShiftPixy, Inc., a company listed on The Nasdaq Stock Market, received a Letter of Reprimand from Nasdaq's Listing Qualifications Department for violating Listing Rule 5635(d). The violation stemmed from a July 2023 Offering where ShiftPixy entered into agreements to sell shares and warrants without obtaining the required shareholder approval for transactions involving more than 20% of pre-transaction shares outstanding at below minimum price. The offering was not considered a public offering due to its nature and the concentration of purchases by one investor. Following a deficiency letter in March 2024, ShiftPixy responded to Nasdaq and subsequently held a special meeting on August 14, 2024, where shareholders ratified the July 2023 Offering. Nasdaq opted for a reprimand rather than delisting, acknowledging the violation was inadvertent and that ShiftPixy took remedial action. The company announced it will not appeal the decision.

On September 26, 2024, ShiftPixy, Inc., a company listed on The Nasdaq Stock Market, received a Letter of Reprimand from Nasdaq's Listing Qualifications Department for violating Listing Rule 5635(d). The violation stemmed from a July 2023 Offering where ShiftPixy entered into agreements to sell shares and warrants without obtaining the required shareholder approval for transactions involving more than 20% of pre-transaction shares outstanding at below minimum price. The offering was not considered a public offering due to its nature and the concentration of purchases by one investor. Following a deficiency letter in March 2024, ShiftPixy responded to Nasdaq and subsequently held a special meeting on August 14, 2024, where shareholders ratified the July 2023 Offering. Nasdaq opted for a reprimand rather than delisting, acknowledging the violation was inadvertent and that ShiftPixy took remedial action. The company announced it will not appeal the decision.