ShiftPixy Stock Is Tumbling Tuesday: Here's Why - ShiftPixy (NASDAQ:PIXY)

Published on 20 Mar 2024 on Benzinga

ShiftPixy Stock Is Tumbling Tuesday: Here's Why - ShiftPixy (NASDAQ:PIXY)

ShiftPixy Inc PIXY shares are trading lower Tuesday after the company announced the pricing of a $5 million offering.

What Happened: ShiftPixy has announced the pricing of its “reasonable best efforts” offering of 1,176,470 units. The units will be offered for $4.25 per unit and priced at-the-market under Nasdaq rules. Each unit consists of one share of common stock and one common warrant, which is immediately exercisable at a price of $4.25 per share and has a term of five years.

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NASDAQ.PIXY price evolution

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ShiftPixy Stock Is Tumbling Tuesday: Here's Why - ShiftPixy (NASDAQ:PIXY)

NASDAQ.PIXY price evolution

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