ShiftPixy Files For Offering Of 4.6 Mln Shares Of Common Stock At Assumed Public Offering Price Of $2.19 Per Share - SEC Filing
Portfolio Pulse from Benzinga Newsdesk
ShiftPixy has filed for an offering of 4.6 million shares of common stock at an assumed public offering price of $2.19 per share, according to an SEC filing.
June 07, 2023 | 8:32 pm
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ShiftPixy's offering of 4.6 million shares at $2.19 per share may impact its stock price in the short term.
ShiftPixy's stock price may be negatively impacted in the short term due to the dilution caused by the offering of 4.6 million shares at $2.19 per share. This increases the number of outstanding shares, which can lead to a decrease in the stock price as the market adjusts to the new supply.
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