ShiftPixy files correction to reschedule 1:24 reverse stock split, effective Oct 14 & 16

ShiftPixy, Inc.

Articles of correction filed Oct 11, 2023 for planned 1:24 reverse split of common stock.
Amendment effective 11:59:59 PM Wyoming time on Oct 14, 2023; Nasdaq effective Oct 16, 2023.
Reverse split intended to meet Nasdaq listing requirements (no further details provided).

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

ShiftPixy, Inc.: Filing of articles of correction to reschedule a planned 1:24 reverse stock split (effective 2023-10-14).

Change: charter amendment
Effective: 2023-10-14

Exact text from the filing

On October 11, 2023, ShiftPixy, Inc. (“the Company”) filed articles of correction of the articles of amendment to the Company’s articles of incorporation (the “Amendment”) to note the rescheduling of a planned one-for-twenty-four (1:24) reverse split of the Company’s issued and outstanding shares of Common Stock. The Amendment will become effective at 11:59:59 PM in Wyoming on October 14, 2023.

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Source: SEC EDGAR

accession 0001477932-23-007582

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