Grab More Key Details Here: ShiftPixy Website.
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As mentioned above, PIXY has several potential catalysts to check out immediately. Take a look:
No. 1 PIXY Potential Catalyst - A Very Low Float Puts PIXY In The Breakout Crosshairs Daily!
According to info pulled from Yahoo Finance's website, PIXY has a low float.
The website reports this profile to have roughly 2.01Mn shares in its float.
Why is that figure important? It's important on one crucial level. Volatility.
Could more positive company news in mid-2024 provide a near term spark?
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No. 2 PIXY Potential Catalyst - Company Rapidly Expands National Market Presence With Key Acquisition.
ShiftPixy Announces Execution of Its Second Asset Purchase Agreement to Acquire a Provider of Human Capital to Several Key Industrial Clients Across Western U.S.
MIAMI, April 02, 2024--(BUSINESS WIRE)--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 $50Mn with a significant, diverse portfolio of 100 blue chip customers. The company's strategic operations span multiple states with offices optimally located to serve its valued customer base and loyal contingent workforce of over 10,000 temporary employees.
"This next in our series of acquisitions, continues our accelerated growth goals for ShiftPixy as we rapidly expand our national market presence," said Scott Absher, CEO of ShiftPixy. "Our goal is to continue our national roll-up through 2024 and leverage our technology advantage in today's world of work."
Read the full article here.
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No. 3 PIXY Potential Catalyst - $100Mn In Financing Provides Significant Step In National Expansion Plans!
ShiftPixy Commits to $100Mn Fi-nan-cing Terms to Initiate Its Human Capital Rollup
MIAMI, March 20, 2024--(BUSINESS WIRE)--ShiftPixy, Inc. (Nasdaq: PIXY) ("ShiftPixy" or the "Company"), ..., today announced a significant advance in its growth strategy with the receipt of terms for $100Mn of commercial fi-nan-cing with Forstmann & Co. Inc., to initiate the first phase of the company's human capital roll up. This substantial fi-nan-cial 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 plans.
Scott Absher, CEO of ShiftPixy stated that, "We are very pleased to be working with the Forstmann & Co. Inc., team on this arrangement. This allows us to begin a series of strategic acquisitions we have been preparing which significantly expands our national footprint and technological edge. The fi-nan-cing facility is designed to scale upward throughout 2024 enabling the company to continue its acquisition work through 2025. As followers of the company will recall, we had curated a substantial number of acquisitions in industrial human capital in 2021. We are now on a rapid pace to complete the work we began in 2021."
Keven Kim, Managing Partner/President of Forstmann & Co. Inc., commented that, "We are humbled to work with Scott Absher and the ShiftPixy Team on this opp. We are always looking for unique opp's in existing sectors with potential magnitude of change. This rollup opp. and the technology platform the company has developed for the human capital industry is a game changer."
Read the full article here.
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No. 4 PIXY Potential Catalyst - PIXY Moves Above 2 Important Technical Lines In Recent Term As Chart Starts Appears To Be Heating Up!
Take a quick look at PIXY's 6-month chart:
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