---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-23-004241"
form_type: "8-K"
ticker: null
cik: "0001675634"
company_name: "ShiftPixy, Inc."
filed_at: "2023-06-06T23:59:59+00:00"
generated_at: "2026-06-14T06:40:31.484901+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# ShiftPixy receives Nasdaq delisting notice for failure to maintain $35M MVLS

## Summary
- Nasdaq letter dated June 5, 2023, cites non-compliance with Listing Rule 5550(b)(2) requiring $35M MVLS.
- Company also fails to meet alternative requirements under Rules 5550(b)(1) or 5550(b)(3).
- Compliance period of 180 calendar days granted; no immediate delisting effect.
- Compliance achievable if MVLS closes at $35M+ for ten consecutive business days.
- Failure to regain compliance will trigger delisting notice, subject to Nasdaq Hearings Panel appeal.

## SEC filing metadata
- accession: 0001477932-23-004241
- form_type: 8-K
- cik: 0001675634
- company_name: ShiftPixy, Inc.
- filed_at: 2023-06-06T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 3.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1675634/000147793223004241/0001477932-23-004241-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1675634/000147793223004241/pixy_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-23-004241
- JSON: https://secwatch.observer/filing/0001477932-23-004241.json
- Plain text: https://secwatch.observer/filing/0001477932-23-004241.txt

## Key facts
- Listing & Compliance Notices
  ShiftPixy, Inc. received a nasdaq noncompliance notice notice regarding market value (rules 5550(b)(1), 5550(b)(2), 5550(b)(3)).
  - Exchange: nasdaq
  - Notice: noncompliance notice
  - Deficiency: market value
  - Rules: 5550(b)(1), 5550(b)(2), 5550(b)(3)
  source text: June 5, 2023, ShiftPixy, Inc. (the “Company”) received a letter (the “Nasdaq Letter”) from the staff of the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”), which notifies the Company that it does not presently comply with Nasdaq’s Listing Rule 5550(b)(2), which requires that the Company maintain a Market Value of Listed Securities (“MVLS”) of $35 million, and that the Company does not otherwise satisfy the requirements of Listing Rules 5550(b)(1) or 5550(b)(3). The Staff calculates MVLS based upon the most recent Total Shares Outstanding (TSO), multip
  evidence_url: https://www.sec.gov/Archives/edgar/data/1675634/000147793223004241/0001477932-23-004241-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.