|Bid||2.4000 x 900|
|Ask||2.4200 x 800|
|Day's Range||2.2300 - 2.4700|
|52 Week Range||2.0200 - 15.5600|
|Beta (5Y Monthly)||1.25|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jan 14, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
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.
ShiftPixy, Inc. (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 the Company, through a newly formed wholly-owned subsidiary, has been identified as the sponsor in registration statements on Form S-1 filed with the Securities and Exchange Commission ("SEC") relating to proposed initial public offerings of the following four Special Purpose Acquisition Companies (SPACs):
Staffing services company ShiftPixy Inc is looking to raise a total of $1.25 billion through four blank-check firms, according to regulatory filings on Thursday. The special purpose acquisition companies (SPACs), TechStackery Inc, Vital Human Capital Inc and Industrial Human Capital Inc, are looking to raise $250 million each through the sale of shares and warrants on the New York Stock Exchange, while Insurity Capital Inc has filed to raise around $500 million. SPACs are shell companies, which raise funds through an initial public offering to take a private company public through a merger at a later date.