{"id":787155,"date":"2023-09-29T13:35:52","date_gmt":"2023-09-29T17:35:52","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/shiftpixy-inc-announces-delay-of-reverse-stock-split-effective-date\/"},"modified":"2023-09-29T13:35:52","modified_gmt":"2023-09-29T17:35:52","slug":"shiftpixy-inc-announces-delay-of-reverse-stock-split-effective-date","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/shiftpixy-inc-announces-delay-of-reverse-stock-split-effective-date\/","title":{"rendered":"ShiftPixy, Inc. Announces Delay of Reverse Stock Split Effective Date"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>ShiftPixy, Inc. Announces Delay of Reverse Stock Split Effective Date<\/b><\/p>\n<p>MIAMI&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nShiftPixy, Inc. (Nasdaq: PIXY) (\u201cShiftPixy\u201d or the \u201cCompany\u201d), a Florida-based national staffing enterprise which designs, manages, and sells access to a disruptive, revolutionary platform that facilitates employment in the rapidly growing Gig Economy, announced today that its reverse stock split, scheduled for 11:59:59 p.m. on September 30, 2023, in Wyoming, will be postponed two weeks until 11:59:59 p.m. on October 14, 2023, in Wyoming. The delay is necessitated by the principal shareholder\u2019s plans to effect charitable donations of his shares of the Company\u2019s Common Stock and coordinating the donations with the recipient charities prior to the effectiveness of the reverse stock split. The Company anticipates that its common stock will begin trading on a post-reverse split basis on Nasdaq on October 16, 2023.<\/p>\n<p><b>About ShiftPixy<\/b><\/p>\n<p>\nShiftPixy is a disruptive human capital services enterprise, revolutionizing employment in the Gig Economy by delivering a next-gen platform for workforce management that helps businesses with shift-based employees navigate regulatory mandates, minimize administrative burdens and better connect with a ready-for-hire workforce. With expertise rooted in management\u2019s more than 25 years of workers\u2019 compensation and compliance programs experience, ShiftPixy adds a needed layer for addressing compliance and continued demands for equitable employment practices in the growing Gig Economy.<\/p>\n<p><b>Forward-Looking Statements<\/b><\/p>\n<p>\nAny statements contained in this press release that do not describe historical facts may constitute forward-looking statements. These forward-looking statements include, among other things, statements regarding the anticipated use of proceeds from the private placement, the anticipated closing date of the private placement and the anticipated filing and effectiveness date for a registration statement related to the resale of the common shares and common shares underlying warrants from the private placement. Although such forward-looking statements are based upon what management of the Company believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate. If any of the risks or uncertainties, including those set forth below, materialize or if any of the assumptions proves incorrect, the results of the Company, could differ materially from the results expressed or implied by the forward-looking statements we make. The risks and uncertainties include, but are not limited to, risks associated with the nature of the Company\u2019s business model; the Company\u2019s ability to execute its vision and growth strategy; the Company\u2019s ability to attract and retain clients; the Company\u2019s ability to assess and manage risks; changes in the law that affect the Company\u2019s business and its ability to respond to such changes and incorporate them into its business model, as necessary; the Company\u2019s ability to insure against and otherwise effectively manage risks that affect its business; competition; reliance on third-party systems and software; the Company\u2019s ability to protect and maintain its intellectual property; and general developments in the economy and financial markets. These and other risks are discussed in the Company\u2019s filings with the SEC, including, without limitation, its Annual Report on Form 10-K, and its periodic and current reports on Form 10-Q and Form 8-K. The Company undertakes no obligation to update forward-looking statements if circumstances or management&#8217;s estimates or opinions should change, except as required by applicable securities laws. The information in this press release shall not be deemed to be \u201cfiled\u201d for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, and will not be deemed an admission as to the materiality of any information that is required to be disclosed solely by Regulation FD. Further information on these and other factors that could affect the financial results of the Company, is included in the filings we make with the SEC from time to time. These documents are available on the \u201cSEC Filings\u201d subsection of the \u201cInvestor Information\u201d section of the Company\u2019s website at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fir.shiftpixy.com%2Ffinancial-information%2Fsec-filings&amp;esheet=53566350&amp;newsitemid=20230929535652&amp;lan=en-US&amp;anchor=https%3A%2F%2Fir.shiftpixy.com%2Ffinancial-information%2Fsec-filings&amp;index=1&amp;md5=4c1a1f5590086509c49fcb18e8422b0f\">https:\/\/ir.shiftpixy.com\/financial-information\/sec-filings<\/a>, or directly from the SEC\u2019s website at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.sec.gov&amp;esheet=53566350&amp;newsitemid=20230929535652&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.sec.gov&amp;index=2&amp;md5=d8b4bf540c0ff980b498c2b9ad08b917\">https:\/\/www.sec.gov<\/a>. Consistent with the SEC\u2019s April 2013 guidance on using social media outlets like Facebook and Twitter to make corporate disclosures and announce key information in compliance with Regulation FD, the Company is alerting investors and other members of the general public that the Company will provide updates on operations and progress required to be disclosed under Regulation FD through its social media on Facebook, Twitter, LinkedIn and YouTube. Investors, potential investors, shareholders and individuals interested in the Company are encouraged to keep informed by following us on Facebook, Twitter, LinkedIn and YouTube.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230929535652r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20230929535652\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230929535652\/en\/<\/a><\/span><\/p>\n<p><b>INVESTOR CONTACT:<br \/>\n<\/b><br \/><a rel=\"nofollow\" href=\"mailto:InvestorRelations@shiftpixy.com\">InvestorRelations@shiftpixy.com<br \/>\n<\/a><br \/>800.475.3655<\/p>\n<p><b>KEYWORDS:<\/b> Florida Wyoming United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Data Management Professional Services Technology Software Human Resources<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20230929535652\/en\/1902920\/3\/Logo-with-circle-R-outlined.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>ShiftPixy, Inc. Announces Delay of Reverse Stock Split Effective Date MIAMI&#8211;(BUSINESS WIRE)&#8211; ShiftPixy, Inc. (Nasdaq: PIXY) (\u201cShiftPixy\u201d or the \u201cCompany\u201d), a Florida-based national staffing enterprise which designs, manages, and sells access to a disruptive, revolutionary platform that facilitates employment in the rapidly growing Gig Economy, announced today that its reverse stock split, scheduled for 11:59:59 p.m. on September 30, 2023, in Wyoming, will be postponed two weeks until 11:59:59 p.m. on October 14, 2023, in Wyoming. The delay is necessitated by the principal shareholder\u2019s plans to effect charitable donations of his shares of the Company\u2019s Common Stock and coordinating the donations with the recipient charities prior to the effectiveness of the reverse stock split. The Company anticipates that its common &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/shiftpixy-inc-announces-delay-of-reverse-stock-split-effective-date\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;ShiftPixy, Inc. Announces Delay of Reverse Stock Split Effective Date&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-787155","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>ShiftPixy, Inc. Announces Delay of Reverse Stock Split Effective Date - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/shiftpixy-inc-announces-delay-of-reverse-stock-split-effective-date\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ShiftPixy, Inc. Announces Delay of Reverse Stock Split Effective Date - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"ShiftPixy, Inc. Announces Delay of Reverse Stock Split Effective Date MIAMI&#8211;(BUSINESS WIRE)&#8211; ShiftPixy, Inc. (Nasdaq: PIXY) (\u201cShiftPixy\u201d or the \u201cCompany\u201d), a Florida-based national staffing enterprise which designs, manages, and sells access to a disruptive, revolutionary platform that facilitates employment in the rapidly growing Gig Economy, announced today that its reverse stock split, scheduled for 11:59:59 p.m. on September 30, 2023, in Wyoming, will be postponed two weeks until 11:59:59 p.m. on October 14, 2023, in Wyoming. The delay is necessitated by the principal shareholder\u2019s plans to effect charitable donations of his shares of the Company\u2019s Common Stock and coordinating the donations with the recipient charities prior to the effectiveness of the reverse stock split. The Company anticipates that its common &hellip; Continue reading &quot;ShiftPixy, Inc. 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