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Stock impact report

ShiftPixy Announces Definitive Agreement to Acquire a Northern California-Based Provider of Human Capital to Several Key Industrial Clients [Yahoo! Finance]

ShiftPixy, Inc. (PIXY) 
Last shiftpixy, inc. earnings: 1/21 04:21 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.shiftpixy.com/investor-relations
Company Research Source: Yahoo! Finance
which designs, manages, and sells access to a disruptive, revolutionary platform that facilitates employment in the rapidly growing Gig Economy, today announced a definitive agreement to acquire a leading provider of human capital in Northern California. The company's strong market presence in Northern California has established an annual revenue run rate of $58 million, an EBITDA of $3.4 million, and a significant portfolio of 94 commercial accounts. The company's strategic operations span four regional office locations managing a workforce ecosystem of over 35,800 worksite employees. "This first acquisition represents a pivotal moment for ShiftPixy as we expand our market presence and fortify our position in the Gig Economy," said Scott Absher, CEO of ShiftPixy. "This first in a series of acquisitions is a strategic step to leverage the ShiftPixy technology platform and capture rapid market share in the evolving world of work." The acquisition, poised to enhance ShiftPixy's ma Show less Read more
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