Following the first full week of trading on NASDAQ, ShiftPixy (NASDAQ:PIXY) is holding its early gains.
ShiftPixy raised $12 million in a Reg A+ offer with the assistance of WR Hambrecht. The crowdfunding round closed on June 29th. The following day (June 30th), shares in ShiftPixy started trading on NASDAQ. The Reg A+ offer saw 2 million shares sold at $6 per share. Today, shares in ShiftPixy are trading at over $9 a share representing a respectable increase in share value for early investors. ShiftPixy has traded over $11/share in the past few days.
ShiftPixy is the second issuer to have raised capital under Reg A+ soon followed by a public listing on NASDAQ. The first company, Adomani (NASDAQ:ADOM), enlisted the assistance of Flashfunders on their Reg A+ offer. Adomani continues to hold early gains in its share price as well.
ShiftPixy is a human capital management (HCM) services provider geared towards the “Gig Economy” by delivering a platform for workforce management that helps shift-based employers navigate regulatory mandates, minimize administrative burdens, and connects them with a ready-for-hire workforce.
Reg A+ crowdfunding has picked up steam after a bumpy early start. Platforms appear to have found some traction in these mini-IPO type offers that allow issuers to raise up to $50 million from both accredited and non accredited investors. WR Hambrecht has positioned its platform to play a leading role in this sector of finance.
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