ShiftPixy prices $2.5M offering at $1.04 per share

ShiftPixy announced the pricing of its “reasonable best efforts” offering of 2,403,847 common shares together with series A warrants to purchase up to 2,403,847 common shares and series B warrants to purchase up to 2,403,847 common shares at an offering price of $1.04 per common share and accompanying series A and B warrants. Each series A warrant is exercisable upon receipt of shareholder approval for one share of common stock at an exercise price of $1.04 per share and will expire five years from the effective date of shareholder approval. Each series B warrant is exercisable upon receipt of shareholder approval for one share of common stock at an exercise price of $1.04 per share and will expire two years from the effective date of shareholder approval. Gross proceeds from the offering, before deducting the placement agent’s fees and other offering expenses, are expected to be approximately $2.5 million. A.G.P./Alliance Global Partners is acting as the sole placement agent for the offering.