ShiftPixy Inc PIXY shares are buying and selling decrease by 5.5% to $1.04 Tuesday morning. The inventory has fallen some 17% over the trailing 5 periods after the corporate final week introduced a $2.5 million registered direct providing and concurrent non-public placement.
ShiftPixy says the closing of the providing is anticipated to happen on or about October 10, topic to the satisfaction of customary closing circumstances. The gross proceeds from the providing are anticipated to be roughly $2.5 million.
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The corporate says it intends to make use of the online proceeds from the providing for common company functions.
In response to information from Benzinga Professional, PIXY has a 52-week excessive of $24.97 and a 52-week low of $0.36.
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