Shares of staffing solutions provider ShiftPixy, Inc. (PIXY) are down more than 32% Wednesday morning at $14.53, after announcing $5 million private placement.
The company plans to use the net proceeds of $5 million for general corporate purposes including working capital, operating expenses and capital expenditures.
The company today said it has agreed to sell 416,667 shares together with warrants to purchase up to 833,334 shares, to a U.S. institutional investor.
The combined price for one stock and two accompanying warrants is set at $12. The private placement is expected to close on September 23.
PIXY has traded in the range of $11.06-$203.00 in the past 1 year.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.