ShiftPixy, Inc. (NASDAQ: PIXY) has announced a plan to “duel list” its shares on digital securities marketplace Upstream, a platform powered by MERJ and Horizon Fintex. ShiftPixy has a current market cap of around $585 million.
ShiftPixy has been going through a period of transition having recently announced a reverse stock split of one for a hundred which took effect on September 1st. ShiftPixy describes itself as a “national staffing enterprise that designs, manages, and sells access to a disruptive, revolutionary platform that facilitates employment in the rapidly growing Gig Economy.”
ShiftPixy believes that the duel listing will provide access to a “global, digital-first investor base that can trade using USDC digital currency” along with more traditional forms of payment.
Scott W. Absher, Chairman and Chief Executive Officer of ShiftPixy, commented:
“We continually seek to leverage cutting-edge capabilities in all we do, and we envision a dual-listing on Upstream providing ShiftPixy with the very latest approach in terms of access to worldwide capital markets and the technology to reach countless potential new investors who can learn about our many exciting growth-oriented endeavors.”
Upstream is a MERJ Exchange Market that is a regulated stock exchange based in the Republic of Seychelles.
ShiftPixy noted that approval to be listed on Upstream is subject to acceptance by MERJ but as an existing NASDAQ issuer, the listing standards ShiftPixy adheres to are sufficient to comply with MERJ Listing Rules.