---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-24-001473"
form_type: "8-K"
ticker: null
cik: "0001675634"
company_name: "ShiftPixy, Inc."
filed_at: "2024-03-26T23:59:59+00:00"
generated_at: "2026-06-04T07:56:26.781268+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# ShiftPixy agrees to acquire Neozene for $16.5M in cash and stock

## Summary
- Total consideration $16.5M: $5.5M cash at close, $5.5M in stock at 9 months, $5.5M in stock at 18 months contingent on 90% of pre-closing gross revenue.
- Target (Neozene) has annual revenue run rate $58M, EBITDA $3.4M, 94 commercial accounts, and over 35,800 worksite employees.
- Acquisition expected to close in Q2 2024, subject to customary conditions and ShiftPixy securing financing.
- CEO Scott Absher describes this as the first in a series of acquisitions to expand market presence in the Gig Economy.

## SEC filing metadata
- accession: 0001477932-24-001473
- form_type: 8-K
- cik: 0001675634
- company_name: ShiftPixy, Inc.
- filed_at: 2024-03-26T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1675634/000147793224001473/0001477932-24-001473-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1675634/000147793224001473/pixy_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-24-001473
- JSON: https://secwatch.observer/filing/0001477932-24-001473.json
- Plain text: https://secwatch.observer/filing/0001477932-24-001473.txt

## Key facts
- Material Agreements
  ShiftPixy, Inc. entered into Asset Purchase Agreement with Neozene, Inc. Principals and affiliated Seller Entities valued at $16,500,000 (effective 2024-03-22).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Neozene, Inc. Principals and affiliated Seller Entities
  - Value: $16,500,000
  - Effective: 2024-03-22
  source text: On March 22, 2024, ShiftPixy, Inc. (the “Company”) entered into an Asset Purchase Agreement (the “Asset Purchase Agreement”) with the owners of Neozene, Inc. (the “Principals”) and affiliated Seller Entities (collectively the “Sellers”) pursuant to which the Company will be acquiring substantially all of the assets of the Sellers
  evidence_url: https://www.sec.gov/Archives/edgar/data/1675634/000147793224001473/0001477932-24-001473-index.htm

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