ShiftPixy Inc (NASDAQ:PIXY) shares are trading lower by 35.67% to $13.85 after the company announced pricing of a $5 million private placement.
What Else?
ShiftPixy says the private placement is expected to close on or about September 23th, subject to customary closing conditions.
The company intends to use the net proceeds from the private placement for general corporate purposes, including working capital, operating expenses and capital expenditures.
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According to data from Benzinga Pro, ShiftPixy has a 52-week high of $203.00 and a 52-week low of $11.06.
