Sichenzia Ross Ference LLP Represents ShiftPixy Inc. in a $1.3 Million Warrant Exchange and Exercise

Press Release – New York, NY – July 20, 2022 – Nationally recognized securities and corporate law firm Sichenzia Ross Ference LLP announced today that it has represented ShiftPixy (NASDAQ “PIXY”) (the “Company”) in a $1.3 Million Warrant Exchange and Exercise with an Institutional Investor.

Pursuant to the warrant exercise agreement (the “Exercise Agreement”), between the holder of the September 2021 Warrants and January 2022 Warrants (the “Exercising Holder”) and the Company, the Exercising Holder would exercise for cash 5,000,000 of its warrants. The Exercise Agreement provides for the issuance by the Company to the Exercising Holder of new warrants to purchase up to 34,840,834 shares of common stock (the “New Warrants”). The New Warrants are exercisable for a period of seven years commencing upon issuance and have an exercise price per share of $0.26.

The Sichenzia Ross Ference LLP team was led by Partners Gregory Sichenzia and Jeff Cahlon.

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Sichenzia Ross Ference Carmel LLP

Sichenzia Ross Ference Carmel LLP is a full service law firm with a nationally recognized corporate, securities and litigation practice that provides experienced representation in all matters involving the securities industry. In addition to handling routine to complex commercial matters, SRFC’s renowned litigation department specializes in defending companies and individuals against all types of securities cases, including class action lawsuits, shareholder derivative actions, and matters involving allegations of fraud, misrepresentation or other securities violations. The litigation team has also brought defamation lawsuits against companies and individuals related to market manipulation. Additionally, it represents individuals and companies in investigations by the Securities and Exchange Commission (SEC) and other regulatory bodies. The litigation team has a robust practice representing brokers and broker-dealers in arbitrations before the Financial Industry Regulatory Authority (FINRA). These arbitrations typically involve claims of unsuitability, churning, unauthorized trading and other allegations of broker misconduct. Finally, SRF has a burgeoning expungement practice, where it represents brokers seeking to have negative and harmful customer complaints removed from their industry records. The firm complements its core practice areas with an established commercial real estate and trusts and estates practice.

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Sichenzia Ross Ference LLP Represents ShiftPixy Inc. in a $1.3 Million Warrant Exchange and Exercise

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