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

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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. 

Sichenzia Ross Ference Carmel LLP