|Bid||0.0000 x N/A|
|Ask||0.0000 x N/A|
|Day's Range||2.1000 - 2.2600|
|52 Week Range||1.6500 - 5.2000|
|Beta (5Y Monthly)||1.26|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jan 14, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
The financial regulations require hedge funds and wealthy investors that exceeded the $100 million holdings threshold to file a report that shows their positions at the end of every quarter. Even though it isn’t the intention, these filings to a certain extent level the playing field for ordinary investors. The latest round of 13F filings […]
ShiftPixy, Inc. (the "Company") (Nasdaq: PIXY), a Florida-based staffing enterprise, which designs, manages, and sells access to a disruptive, revolutionary platform that facilitates employment in the rapidly growing Gig Economy, today announced that it has entered into a securities purchase agreement with a large institutional investor for a private placement of common stock and warrants exercisable for common stock expected to result in gross proceeds to the Company of approximately $12 million before deducting placement agent commissions and other transaction-related expenses payable by the Company. In the private placement, the Company has agreed to sell (i) 2,320,000 shares of its common stock together with warrants to purchase up to 2,320,000 shares of common stock, and (ii) 2,628,453 pre-funded warrants with each pre-funded warrant exercisable for one share of common stock, together with common warrants to purchase up to 2,628,453 shares of common stock. Each share of common stock and accompanying common warrant are being sold together at a combined offering price of $2.425, and each pre-funded warrant and accompanying common warrant are being sold together at a combined offering price of $2.4249. The pre-funded warrants will be immediately exercisable, at a nominal exercise price of $0.0001, and may be exercised at any time until all of the pre-funded warrants are exercised in full. The common warrants will have an exercise price of $2.425 per share, will be exercisable upon issuance and will expire five years from the date of an effective registration statement covering the shares underlying the warrants.
ShiftPixy (NASDAQ:PIXY) stock is on the move Friday after the gig economy company announced special purpose acquisition company (SPAC) plans. Source: Dmitry Demidovich/ShutterStock.com ShiftPixy has revealed that it will be sponsoring SPACs through a newly-created wholly-owned subsidiary. It was identified as such in a Form S-1 filed with the Securities and Exchange Commission (SEC). This will have it backing the initial public offerings (IPO) of four SPACs. Here are the four SPACs that ShiftPixy is acting as the sponsor of.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Industrial Human Capital, Inc. — The proposed offering would have this company offering 25 million units to the public made up of one share of stock and one half of a redeemable warrant. These would be priced at $10 each. The company seeks to acquire one or more light industrial staffing companies after going public. Vital Human Capital, Inc. — The proposed offering would include 25 million units with thee also being one stock and one half of a warrant. Yet again, the price here would be $10 per unit. The company seeks to acquire one or more health and nursing staffing companies after its IPO. TechStackery, Inc. — Just like the last two, this offering would include 25 million units with them being one share of stock and one-half of a redeemable warrant. The price is also set at $10 per unit. In this company’s case, the goal is to acquire one or more technology staffing companies. Insurity Capital, Inc. — The last company on the list differs with plans to offer 50 million units. However, the units are still one share of common stock and one-half of one redeemable warrant. The price is also set at $10 per unit. This company’s goal is the acquisition of “one or more commercial insurance company “shells” licensed to conduct business throughout the United States.” 10 of the Top Nasdaq Blue-Chip Stocks to Buy ShiftPixy is seeing massive trading levels today with some 42 million shares of PIXY stock changing hands. That’s an incredible increase compared to its daily average trading volume of 2 million shares. PIXY stock was down slightly as of Friday afternoon. Investors that are looking for more SPAC news are in luck. While SPACs aren’t as popular as they were earlier this year, there’s still plenty of information to keep track of. That includes companies such as Social Capital Hedosophia V (NYSE:IPOE), BowX Acquisition (NASDAQ:BOWX), UWM Holdings (NYSE:UWMC), and others. Check out the latest info below. More SPAC News What the Response to the SPAC Craze Means for Social Capital Hedosophia V 8 Major Players in the SPAC Game to Watch The After-the-SPAC Drop In UWM Holdings Stock Is Almost Inexplicable On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that InvestorPlace.com’s writers disclose this fact and warn readers of the risks. Read More: Penny Stocks — How to Profit Without Getting Scammed More From InvestorPlace Why Everyone Is Investing in 5G All WRONG It doesn’t matter if you have $500 in savings or $5 million. Do this now. Top Stock Picker Reveals His Next Potential 500% Winner Stock Prodigy Who Found NIO at $2… Says Buy THIS Now The post PIXY Stock: The SPAC News That Has Gig Economy Player ShiftPixy Trending Today appeared first on InvestorPlace.