![]() The team believes they can build out content, such as video, that would increase engagement. They also hope that their platform, which provides real-time sentiment of the stock market, can continue to provide value to hedge funds and other investment firms which pay to leverage StockTwits’ API. The “d ata business is doubling this year and we are focused on widening the top of the brand funnel with some new ideas,” said Howard Lindzon, founder and executive chairman. StockTwits has also developed key partnerships with investment services, including Robinhood, by integrating the social media platform with market trading. “The vision of the business is being able to take action based on the signal that you’re getting,” said Tony Conrad, partner at True Ventures, which invested in StockTwits. “ There is deep intelligence in the stream, which can be better packaged and distributed to broader audiences, both on and off platform.”įounded in 2008 and based in San Diego, other StockTwits investors include Foundry Group and IA Capital.Miami, FL – – 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 its Board of Directors (the “Board”) approved a special distribution to ShiftPixy shareholders in the form of shares of common stock of Industrial Human Capital, Inc. (NYSE: AXH), the special purpose acquisition company, or “SPAC”, in which ShiftPixy currently owns an approximate 15% ownership stake. ![]() PIXY STOCKTWITS PROĪll ShiftPixy shareholders of record as of May 17, 2022, will receive their pro rata share of AXH common stock equal in proportion to their percentage holdings of ShiftPixy common stock issued and outstanding, subject to certain conditions described below. The exact number of shares of AXH common stock to be received by ShiftPixy shareholders for each share of ShiftPixy common stock will be determined immediately before the record date based on the number of shares of ShiftPixy common stock outstanding on an as-converted and as-exercised basis. The AXH shares are expected to be distributed to eligible ShiftPixy shareholders as soon as practicable following the completion of AXH’s initial business combination, subject to a registration statement covering the AXH shares being declared effective by the Securities and Exchange Commission (“SEC”). Fractional shares will not be issued, and no distributions will be made in lieu of fractional shares. Read moreĪn enhanced value proposition will.There is no assurance that AXH will be able to successfully complete its initial business combination, in which case AXH would cease all operations except for the purpose of winding up and the AXH common stock will be worthless. Non-cash cash stock compensation expense. Read moreĪverage Active WSEs totaled approximately. Our business, operating results, liquidity. Read moreĪgain, we believe that ShiftPixy. Read moreĪs consideration for providing these. Read moreĬoupled with ShiftPixy's technology stack. The Company's transformative sales growth. We processed approximately $11.7 million. ShiftPixy's business development plan offers. In addition to the cash fee, the Company issued to the Placement Agent warrants to purchase up to 20,833 shares of common stock (5% of the number of shares sold in the Offering (the "Placement Agent Warrants")). To that end, we identified and began to execute on various growth strategies, and expect that our execution of these strategies, if successful, will yield significant customer growth driven by widespread adoption of our technology 33 Table of Contents offerings, which we believe represents a substantial value proposition to our clients as a valuable source of agile human capital business intelligence. contingent labor through increasingly diverse service offerings. Transformative Sales Growth Strategy In second half of Fiscal 2022, ShiftPixy activated an agile business development plan for rapid organic growth starting in the first quarter of Fiscal 2023, focused on building scalable long-term revenue creation with a goal to become the market leader in U.S. Successful execution of this sales growth plan will leave ShiftPixy strategically positioned for secular growth in the $123 billion temporary and contract employment staffing market in the U.S.įor the first quarter of Fiscal 2023, included in our cost of sales was approximately $200,000 of expense for claims estimate increases relating to loss reserves activity for the legacy Sunz and Everest programs. Other Inside Shiftpixy, Inc.'s 10-Q Quarterly Report: Entity Incorporation, State or Country CodeĬommon Stock, par value $0.0001 per share
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