---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-24-001402"
form_type: "8-K"
ticker: null
cik: "0001675634"
company_name: "ShiftPixy, Inc."
filed_at: "2024-03-21T23:59:59+00:00"
generated_at: "2026-06-04T09:56:25.756716+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# ShiftPixy prices ~$5M unit offering at $4.25; existing warrants amended

## Summary
- Offering of 1,176,470 units: each consists of one share (or pre-funded warrant) and one common warrant.
- Gross proceeds expected ~$5M; use for working capital and general corporate purposes.
- Common warrants exercisable at $4.25 for 5 years; pre-funded warrants exercisable at $0.0001, no expiration.
- Agreed to reduce exercise price of 97,850 July 2022/2023 warrants to $4.25 and extend term to March 2029.
- Also agreed to reduce exercise price of 94,375 October 2023 warrants to $4.25 subject to stockholder approval.

## SEC filing metadata
- accession: 0001477932-24-001402
- form_type: 8-K
- cik: 0001675634
- company_name: ShiftPixy, Inc.
- filed_at: 2024-03-21T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1675634/000147793224001402/0001477932-24-001402-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1675634/000147793224001402/pixy_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-24-001402
- JSON: https://secwatch.observer/filing/0001477932-24-001402.json
- Plain text: https://secwatch.observer/filing/0001477932-24-001402.txt

## Key facts
- Material Agreements
  ShiftPixy, Inc. entered into Purchase Agreement with an investor (effective 2024-03-19).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: an investor
  - Effective: 2024-03-19
  source text: On March 19, 2024, ShiftPixy, Inc. (the “Company”) priced a “reasonable best efforts” offering (the “Offering”) for the sale by the Company of an aggregate of 590,000 shares of common stock, 586,470 pre-funded warrants (the “Pre-funded Warrants”), and 1,176,470 common warrants (“Common Warrants”) pursuant to a securities purchase agreement with an investor (“Purchase Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1675634/000147793224001402/0001477932-24-001402-index.htm
- Material Agreements
  ShiftPixy, Inc. amended Engagement Agreement with A.G.P./Alliance Global Partners (effective 2024-03-18).
  - Action: amendment
  - Agreement: underwriting
  - Counterparty: A.G.P./Alliance Global Partners
  - Effective: 2024-03-18
  source text: A.G.P./Alliance Global Partners acted as placement agent for the Offering and received a fee of 7% of the gross proceeds, and reimbursement of certain expenses, pursuant to an engagement agreement between the Company and AGP, dated January 8, 2024, as amended on March 18, 2024 (as amended, the “Engagement Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1675634/000147793224001402/0001477932-24-001402-index.htm
- Material Agreements
  ShiftPixy, Inc. amended Warrant Amendment with an investor (effective 2024-03-21).
  - Action: amendment
  - Agreement: equity purchase
  - Counterparty: an investor
  - Effective: 2024-03-21
  source text: Effective upon closing of the Offering, pursuant to an amendment to common stock purchase warrants (the “Warrant Amendment”), the exercise price of an aggregate of 97,850 outstanding warrants the Company issued to an investor in July 2022 and July 2023 was reduced to $4.25 and the term of these warrants was extended such that they will expire on March 21, 2029.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1675634/000147793224001402/0001477932-24-001402-index.htm

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