ShiftyPixy, Inc. (PIXY) stock prices were up a significant 24.90% as of the market closing on May 6th, 2021, bringing the price per share up to USD$3.01 at the end of the trading day.
PIXY to Sponsor SPAC IPOs
PIXY has been identified as the sponsor for proposed initial public offerings for four Special Purpose Acquisition Companies (SPAC). Each of the offerings is expected to commence within 45 to 60 days of the announcement, with the offerings being preceded by “road-show” events. These events will be opportunities for potential investors to direct question to the management of each respective SPAC.
Industrial Human Capital
Industrial Human Capital, Inc., is one of the SPACs sponsored by PIXY. The company plans to offer up to 25 million units to the public for purchasing, with each unit consisting of one share of common stock and one-half of a single redeemable warrant. The holistic units are priced at USD$10 apiece and proceeds generated are planned to go towards the acquisition of one or more light industrial staffing companies.
Vital Human Capital
Another 25 million units, each comprised of one share of common stock and half of one redeemable warrant, are also planned to be offered in an IPO by Vital Human Capitals, Inc. With each share being priced at USD$10 per unit, the overall gross proceeds are planned to be allocated towards the acquisition of at least one health and nursing staffing company.
The third company with plans to offer up to 25 million units of its shares to the public for purchase is TechStackery, Inc. The proposal is set to follow the established standard of one unit being made up of one share of common stock and half of one redeemable warrant. Priced at the regular USD$10 per unit, the company plans to use the capital generated in the acquisition of at least of technology staffing company.
The fourth company, Insurity Capital, Inc., plans to offer 50 million units for purchase to the public, with each unit consisting of both one share of common stock and half of one redeemable warrant. At a price per unit of USD$10, the company anticipates the allocation of these resources towards the acquisition of at least one commercial insurance company “shells” that is licensed to operate its business throughout the United States.
Future Outlook for PIXY
With its fingers in various pies across various sectors, the company is looking forward to the launch of the initial public offerings that are sponsored by PIXY. Current and potential investors are hoping for this news to facilitate further growth for PIXY, ushering in significant and sustained increases in shareholder value.