ShiftPixy Commits to $100 Million Financing Terms to Initiate Its Human Capital Rollup [Yahoo! Finance]
ShiftPixy, Inc. (PIXY)
Last shiftpixy, inc. earnings: 1/21 04:21 pm
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Source: Yahoo! Finance
provisioning enterprise which designs, manages, and sells access to a disruptive, revolutionary platform that facilitates employment in the rapidly growing Gig Economy, today announced a significant advance in its growth strategy with the receipt of terms for $100 million of commercial financing with Forstmann & Co. Inc., to initiate the first phase of the company's human capital roll up. This substantial financial 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 financing facility is designed to scale upward throughout 2024 enabling the company to continue its
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News
- Global Human Capital Management (HCM) Market Expected to Reach $63.14 Billion By 2032GlobeNewswire
- ShiftPixy acquires a provider of human capital; terms undisclosed [Seeking Alpha]Seeking Alpha
- 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.Business Wire
- ShiftPixy acquires Northern California provider of human capital, no terms [Seeking Alpha]Seeking Alpha
- ShiftPixy Announces Definitive Agreement to Acquire a Northern California-Based Provider of Human Capital to Several Key Industrial Clients [Yahoo! Finance]Yahoo! Finance
PIXY
Sec Filings
- 4/24/24 - Form 8-K
- 4/19/24 - Form 10-Q
- 4/15/24 - Form NT
- PIXY's page on the SEC website