Absher, the Company’s Chief Executive Officer and a director, to $1,000,000 on an annual basis, from $764,673 Domonic J. (the “Company”) approved salary increases for Scott W. On October 22, 2021, the board of directors (the “Board”) of ShiftPixy, Inc. "Departure of Directors or Principal Officers Election of Directors Appointment of Certain Officers Compensatory Arrangements of Certain Officers. For further information regarding the possible methods by which the shares may be distributed, see “Plan of Distribution” beginning on page 22 of this prospectus."
Pixy stocktwits registration#
Our registration of the shares of Common Stock covered by this prospectus does not mean that the selling shareholders will offer or sell any of the shares. The timing and amount of any sale are within the sole discretion of the selling shareholders. The selling shareholders may sell these shares through public or private transactions at market prices prevailing at the time of sale or at negotiated prices. To the extent the Warrants are exercised for cash, if at all, we will receive the exercise price of the Warrants. We will not receive any of the proceeds, but we will incur expenses in connection with the offering. The selling shareholders will receive all of the proceeds from any sales of the shares offered hereby. We are registering the resale of the shares of Common Stock covered by this prospectus as required by the Purchase Agreement and Placement Agent Agreement. (“ShiftPixy,” “we,” “us” or the “Company”) listed beginning on page 18 of this prospectus may offer and resell under this prospectus (i) up to 2,850,000 shares of our common stock, par value $0.0001 per share (the “Common Stock”), and (ii) up to 12,573,200 shares of our Common Stock issuable upon exercise of warrants, including pre-funded warrants and warrants issued by the Registrant to A.G.P./Alliance Global Partners and its affiliates for compensation as placement agent in connection with the transactions described herein (collectively, the “Warrants”) acquired by the selling shareholders under the Securities Purchase Agreement (the “Purchase Agreement”), dated August 31, 2021, by and among the Company and the investor listed therein (the “Investor”) and the Placement Agent Agreement, dated August 31, 2021, by and between the Company and A.G.P./Alliance Global Partners (the “Placement Agent Agreement”). However, the stock is trading below the 200-Day moving average of $1.68.The selling shareholders of ShiftPixy, Inc. PIXY stock is above the 20-Day and 50-Day Moving averages of $1.01 and $0.96 respectively. Ghost kitchens are physical spaces that allow operators to offer food to clients through delivery apps such as DoorDasha and Grubhub. The loyalty program supports ghost kitchens like Dude Rudy, Bunny Grub, and Nacho Nukes. Over the past few days, ShiftPixy Lab’s official Twitter account has also been updating followers on the project. ShiftPixy Labs, the company’s subsidiary, will lead the new venture through a customer loyalty program that will immerse consumers in a mixed and augmented reality experiences testing every consumer marketing legacy and tradition. In addition, the corporation recently declared intent to join the metaverse, which was a surprising turn of events. The stock has moved within a range of $1.0500 – 1.4900 after opening trading at $1.05. On Friday, PIXY stock jumped 22.86% to $1.29 with more than 26.74 million shares traded, compared to its average volume of 4.33 million shares. For instance, chat conversation on the stock on the famous financial platform StockTwits has almost doubled in recent weeks. Notably, social media discussion on the stock has been rising as shares of the workforce management platform continue to soar. ShiftPixy (NASDAQ:PIXY) was up 23% and 50% in a week.
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