ShiftPixy plunges on $3.1 mln public offering

ShiftPixy

12/07/2023 14:04

** Shares of worker engagement and managing platform
ShiftPixy Inc  PIXY.O  fall 33.9% to $1.58 premarket
    ** Co announces pricing of "reasonable best efforts" public
offering of 2.1 mln units at $1.50/unit; Price represents 37.2%
discount to PIXY's last close
    ** Sees about $3.1 mln gross proceeds from the offering,
before deducting other offering expenses
    ** Co intends to use net proceeds from the public offering
for general corporate purposes, including working capita  
    ** A.G.P./Alliance Global Partners is acting as the sole
placement agent for the offering
    ** Stock has fallen ~88.59% YTD

 (Reporting by Sruthi Narasimha Chari in Bengaluru)
 ((Sruthinarasimha.chari@thomsonreuters.com))