Sichenzia Ross Ference LLP Represents ShiftPixy, Inc. in a $5 Million Private Placement
Press Release – New York, NY – September 26, 2022 – Nationally recognized securities and corporate law firm Sichenzia Ross Ference LLP announced today that it has represented ShiftPixy, Inc. (NASDAQ “PIXY”) , a national staffing enterprise, in a $5 Million Private Placement of common stock and warrants.
ShiftPixy sold 416,667 shares of its common stock together with warrants to purchase up to 833,334 shares of common stock. Each share of common stock and two accompanying warrants were sold together at a combined price of $12.00. The warrants have an exercise price of $12.00 per share, and are exercisable immediately, expiring seven years from the date of issuance.
The Sichenzia Ross Ference LLP team was led by partners Gregory Sichenzia and Jeff Cahlon.
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.