Sichenzia Ross Ference LLP represented A.G.P./Alliance Global Partners as sole placement agent in the transaction.
ShiftPixy, Inc. executed a private placement with a large institutional investor.
The offering consisted of (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 were sold together at a combined offering price of $2.425, and each pre-funded warrant and accompanying common warrant were sold together at a combined offering price of $2.4249. The gross proceeds of the offering were approximately $12 million.
ShiftPixy, Inc. (Nasdaq: PIXY) is 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.
The Sichenzia Ross Ference LLP team was led by partners Gregory Sichenzia (Picture), Darrin M. Ocasio, David Manno, Jeffrey Cahlon, associate Mayank Pradhan and law clerk Zachary Weiss.
Involved fees earner: Jeffrey Cahlon – Sichenzia Ross Ference; David Manno – Sichenzia Ross Ference; Darrin Ocasio – Sichenzia Ross Ference; Mayank Pradhan – Sichenzia Ross Ference; Gregory Sichenzia – Sichenzia Ross Ference;
Law Firms: Sichenzia Ross Ference;
Clients: Alliance Global Partners Ltd;