ShiftPixy Completes its $12,000,000 IPO listing with Nasdaq
June 29 2017 - 9:00AM
ShiftPixy, Inc., (NASDAQ:PIXY) (“ShiftPixy”) announced today that
it has completed the Company’s initial public offering under the
Securities & Exchange Commission’s Regulation A+
framework. The Company has successfully raised $12 Million
through the sale of 2,000,000 of its shares to the public at $6.00
per share.
WR Hambrecht + Co, acted as representative
underwriter for the initial public offering for ShiftPixy.
ShiftPixy will begin trading on the NASDAQ Capital Market on
Friday, June 30th under the ticker symbol
PIXY.
ShiftPixy Co-Founder and CEO, Scott Absher,
stated that: “We want to thank all the folks that have worked very
hard these many months to complete our IPO. We also look
forward to opening trading Friday on the NASDAQ Capital
Market.”
About ShiftPixy
ShiftPixy is a disruptive human capital
management (HCM) services provider, revolutionizing employment in
the Gig Economy by delivering a next-gen platform for workforce
management that helps shift-based employers navigate regulatory
mandates, minimize administrative burdens, and connects them with a
ready-for-hire workforce. With expertise rooted in management’s
nearly 25 years of workers’ compensation and compliance programs,
ShiftPixy adds a needed layer for addressing compliance and
continued demands for equitable employment practices in the growing
Gig Economy. ShiftPixy’s complete HCM ecosystem manages regulatory
requirements and compliance in such required areas as paid
time off (PTO) laws, insurance and workers’ compensation, minimum
wage increases, and the Affordable Care Act (ACA) compliance.
About WR Hambrecht + Co
WR Hambrecht + Co has been focused on opening
the investing world to as many people as possible at fair market
prices and was instrumental in reforming Regulation A to help
accomplish that for growth companies and investors. Our Regulation
A+ strategy is a continuation of the Hambrecht legacy of conducting
small public offerings for what were once considered high-risk
start-ups that are now household names and Fortune 500
companies.
No money or consideration is being solicited by
the information in this press release or any other communication
and, if sent, money will not be accepted and will be promptly
returned. No offer by a potential investor to buy our securities
can be accepted and, if made, any such offer can be withdrawn
before qualification of this offering by the SEC. A potential
investor’s indication of interest does not create a commitment to
purchase the securities we are offering. Any such indication of
interest may be withdrawn or revoked, without obligation or
commitment of any kind, at any time before notice of its acceptance
is given and all other requirements to accept an investment from a
potential investor are met after the offering qualification
date.
The offering, when reset, will be made only by
means of the Offering Circular. Any information in this press
release or any other communication shall not constitute an offer to
sell or the solicitation of an offer to buy, nor shall there be any
sale of these securities in any state or jurisdiction in which such
offer, solicitation or sale would be unlawful prior to
qualification for sale as provided in Regulation A+ in any such
state or jurisdiction.
CONTACT:
Clark Wilson
clark.wilson@shiftpixy.com
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