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There is no assurance that AXH will be able to successfully complete its initial business combination, in which case AXH would cease all operations except for the purpose of winding up and the AXH common stock will be worthless. Fractional shares will not be issued, and no distributions will be made in lieu of fractional shares.
PIXY STOCKTWITS REGISTRATION
The AXH shares are expected to be distributed to eligible ShiftPixy shareholders as soon as practicable following the completion of AXH’s initial business combination, subject to a registration statement covering the AXH shares being declared effective by the Securities and Exchange Commission (“SEC”). The exact number of shares of AXH common stock to be received by ShiftPixy shareholders for each share of ShiftPixy common stock will be determined immediately before the record date based on the number of shares of ShiftPixy common stock outstanding on an as-converted and as-exercised basis.
PIXY STOCKTWITS PRO
All ShiftPixy shareholders of record as of May 17, 2022, will receive their pro rata share of AXH common stock equal in proportion to their percentage holdings of ShiftPixy common stock issued and outstanding, subject to certain conditions described below. (NYSE: AXH), the special purpose acquisition company, or “SPAC”, in which ShiftPixy currently owns an approximate 15% ownership stake. (NASDAQ: PIXY) (“ShiftPixy” or the “Company”), a Florida-based national staffing enterprise which designs, manages, and sells access to a disruptive, revolutionary platform that facilitates employment in the rapidly growing Gig Economy, today announced that its Board of Directors (the “Board”) approved a special distribution to ShiftPixy shareholders in the form of shares of common stock of Industrial Human Capital, Inc. “ There is deep intelligence in the stream, which can be better packaged and distributed to broader audiences, both on and off platform.”įounded in 2008 and based in San Diego, other StockTwits investors include Foundry Group and IA Capital.Miami, FL – – ShiftPixy, Inc. “The vision of the business is being able to take action based on the signal that you’re getting,” said Tony Conrad, partner at True Ventures, which invested in StockTwits. StockTwits has also developed key partnerships with investment services, including Robinhood, by integrating the social media platform with market trading. The “d ata business is doubling this year and we are focused on widening the top of the brand funnel with some new ideas,” said Howard Lindzon, founder and executive chairman.
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They also hope that their platform, which provides real-time sentiment of the stock market, can continue to provide value to hedge funds and other investment firms which pay to leverage StockTwits’ API. The team believes they can build out content, such as video, that would increase engagement. With about 1.5 million monthly active users, StockTwits currently attracts an audience of young professionals, with 60% of its users under 44. “We want to expand the audience wider and deeper and add some premium features for the most engaged users,” said Rosen. StockTwits founder Howard Lindzon will be moving into the executive chairman role.Īfter serving as an advisor to StockTwits, the team thought that Rosen’s media background and business savvy would help them accelerate growth and further monetize the platform. The inventor of the “cash tag,” StockTwits, is announcing some big changes.Īrmed with an additional $2 million in funding led by Social Leverage, Ian Rosen, co-founder of Even Financial and former general manager at MarketWatch, will be taking the helm as CEO. It’s like Twitter, but for the stock market.
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