ShiftPixy, Inc. provides staffing services in the United States. It offers employment administrative services, such as administrative and processing services, payroll processor, human resources consultant, and administrator of workers' compensation coverages and claims. The Company also operates human resources information systems platform to assist in customer acquisition for the onboarding of new clients into the company's closed proprietary operating and processing information system. It primarily serves restaurant and hospitality service industries. The company was founded in 2015 and is headquartered in Miami, Florida.
IPO Year: 2017
Exchange: NASDAQ
Website: shiftpixy.com
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8-K - ShiftPixy, Inc. (0001675634) (Filer)
8-K - ShiftPixy, Inc. (0001675634) (Filer)
8-K - ShiftPixy, Inc. (0001675634) (Filer)
8-K - ShiftPixy, Inc. (0001675634) (Filer)
8-K - ShiftPixy, Inc. (0001675634) (Filer)
8-K - ShiftPixy, Inc. (0001675634) (Filer)
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8-K - ShiftPixy, Inc. (0001675634) (Filer)
This press release is issued to update and clarify statements made in the previous release dated October 17, 2024. ShiftPixy, Inc. (NASDAQ:PIXY) ("ShiftPixy" or the "Company"), a Florida-based national staffing enterprise which designs, manages, and sells access to a disruptive, revolutionary platform that facilitates employment in the rapidly growing Gig Economy, announced that on October 16, 2024, it entered into a non-binding Letter of Intent ("LOI") to acquire TurboScale, a cutting-edge AI technology company specializing in scalable GPU cloud infrastructure and AI model deployment, for a purchase price of $150 million. The deal, structured as $75 million in stock and $75 million in debt
ShiftPixy, Inc. (NASDAQ:PIXY) ("ShiftPixy" or the "Company"), a Florida-based national staffing enterprise which designs, manages, and sells access to a disruptive, revolutionary platform that facilitates employment in the rapidly growing Gig Economy, today announced its acquisition of TurboScale, a cutting-edge AI technology company specializing in scalable GPU cloud infrastructure and AI model deployment, in a $150 million transaction. The deal, which was structured with $75 million in stock and $75 million in debt underscores ShiftPixy's commitment to accelerating innovation through artificial intelligence and enhancing its platform capabilities with TurboScale's advanced AI solutions.
ShiftPixy, Inc. (NASDAQ:PIXY) ("ShiftPixy" or the "Company"), a Florida-based national staffing enterprise which designs, manages, and sells access to a disruptive, revolutionary platform that facilitates employment in the rapidly growing Gig Economy, today announced a one-for-fifteen (1:15) reverse split of the Company's issued and outstanding shares of Common Stock, which will be effective at market open on Nasdaq on October 14, 2024. About ShiftPixy ShiftPixy is a disruptive human capital services enterprise, revolutionizing employment in the Gig Economy by delivering a next-gen platform for workforce management that helps businesses with shift-based employees navigate regulatory manda
ShiftPixy, Inc. (NASDAQ:PIXY) ("ShiftPixy" or the "Company"), a Florida-based national staffing enterprise which designs, manages, and sells access to a disruptive, revolutionary platform that facilitates employment in the rapidly growing Gig Economy, today announced the pricing of its "reasonable best efforts" offering of 2,403,847 common shares (or common share equivalents in lieu thereof) 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
ShiftPixy, Inc. (NASDAQ:PIXY) ("ShiftPixy" or the "Company"), a Florida-based national human capital provisioning enterprise which designs, manages, and sells access to a disruptive, revolutionary platform that facilitates employment in the rapidly growing Gig Economy, today announces the execution of its second asset purchase agreement to acquire a leading provider of human capital across the Western U.S. The Seller is a market leader providing recruitment, staffing and Human Resources solutions with a deep presence in the Western region, growing to an impressive annual revenue exceeding $50 million with a significant, diverse portfolio of 100 blue chip customers. The company's strategic
ShiftPixy, Inc. (NASDAQ:PIXY) ("ShiftPixy" or the "Company"), a Florida-based national staffing enterprise which designs, manages, and sells access to a disruptive, revolutionary platform that facilitates employment in the rapidly growing Gig Economy, today announced a definitive agreement to acquire a leading provider of human capital in Northern California. The company's strong market presence in Northern California has established an annual revenue run rate of $58 million, an EBITDA of $3.4 million, and a significant portfolio of 94 commercial accounts. The company's strategic operations span four regional office locations managing a workforce ecosystem of over 35,800 worksite employee
ShiftPixy, Inc. (NASDAQ:PIXY) ("ShiftPixy" or the "Company"), a Florida-based national human capital provisioning enterprise which designs, manages, and sells access to a disruptive, revolutionary platform that facilitates employment in the rapidly growing Gig Economy, today announced Scott Absher, CEO will present and discuss recent corporate events at the Webull LIVE! with Corporate Connect: Technology Investment Webinar on Wednesday, March 27th at 3:00 PM ET. Conference Details: Conference: Webull LIVE! with Corporate Connect: Technology Investment Webinar Date/Time: Wednesday, March 27th at 3:00 PM ET Presenter: Scott Absher Peer Consumer Tech Presenters: Carbon Revolut
ShiftPixy, Inc. (NASDAQ:PIXY) ("ShiftPixy" or the "Company"), a Florida-based national human capital provisioning enterprise which designs, manages, and sells access to a disruptive, revolutionary platform that facilitates employment in the rapidly growing Gig Economy, today announced a significant advance in its growth strategy with the receipt of terms for $100 million of commercial financing with Forstmann & Co. Inc., to initiate the first phase of the company's human capital roll up. This substantial financial injection is earmarked to kick off the first round of strategic acquisitions slated for the first quarter of 2024, marking a significant step in ShiftPixy's national expansion pla
ShiftPixy, Inc. (NASDAQ:PIXY) ("ShiftPixy" or the "Company"), a Florida-based national staffing enterprise which designs, manages, and sells access to a disruptive, revolutionary platform that facilitates employment in the rapidly growing Gig Economy, today announced the pricing of its "reasonable best efforts" offering of 1,176,470 units at an offering price of $4.25 per unit (or $4.2499 with respect to units that include pre-funded warrants), priced at-the-market under Nasdaq rules. Each unit consists of one share of common stock (or a prefunded warrant in lieu thereof) and one common warrant. Each common warrant is immediately exercisable for one share of common stock at an exercise pric
ShiftPixy, Inc. (NASDAQ:PIXY) ("ShiftPixy" or the "Company"), a Florida-based national staffing enterprise which designs, manages, and sells access to a disruptive, revolutionary platform that facilitates employment in the rapidly growing Gig Economy, today announced that it has entered into a definitive agreement with a single U.S. institutional investor for the purchase and sale of 2,265,000 shares of the Company's common stock (or common stock equivalents in lieu thereof) in a registered direct offering and warrants to purchase up to 2,265,000 shares of common stock in a concurrent private placement (together with the registered direct offering, the "Offering") at a combined purchase pri
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ShiftPixy, Inc. (NASDAQ:PIXY) ("ShiftPixy" or "the Company"), a Florida-based national staffing enterprise which designs, manages, and sells access to a disruptive, revolutionary platform that facilitates employment in the rapidly growing Gig Economy, today announced the appointment of John Bissell as Chief Operating Officer of ShiftPixy Labs, an innovative new suite of marketing and support services for quick service restaurant operators (QSRs). "John's multi-unit operator experience with national brands is a key ingredient for the successful launch of the brands we are incubating within ShiftPixy Labs," said ShiftPixy Co-Founder and CEO, Scott Absher. "His talent and vision are a rare fi
ShiftPixy, Inc. (NASDAQ:PIXY) ("ShiftPixy" or "the Company"), a Florida-based national staffing enterprise which designs, manages, and sells access to a disruptive, revolutionary platform that facilitates employment in the rapidly growing Gig Economy, today announced the appointments of Rodney Diekema as Chief Sales Officer for the Company's QSR (Quick Service Restaurants) markets, and Eduardo J. Dominguez as Chief Sales Officer for ShiftPixy's staffing initiatives. "Rod has built national direct sales teams for decades, and his plan for rapid sales growth includes connecting with the many QSR operators who went quiet during COVID," said ShiftPixy Co-Founder and CEO, Scott Absher. "We had
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