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The company has agreed to sell 2.85 million common shares with warrants to buy up to 2.85 million shares of common stock and 4.67 million pre-funded warrants, each exercisable for one share of common stock, together with common warrants to purchase up to 4.67 million shares of common stock.
Each share of common stock and accompanying warrant sold together at a combined price of $1.595. Each pre-funded warrant and accompanying warrant are sold together at a combined price of $1.5949.
ShiftPixy intends to use the net proceeds from the private placement for general corporate purposes. The offering is expected to close on or about September 3, 2021.
Price Action: PIXY shares are trading higher by 0.98% at $1.48 on the last check Wednesday.
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