Reg A+ Initial Public Offering

ShiftPixy Logo

Price and Offering Terms

Price Range

$6.00 - 8.00 Per Share

Shares Offered

2mm

Expected Pricing Date

TBD

Proposed Trading Symbol

NASDAQ: PIXY

Documents

SEC Filing*

March 31, 2017

View

Offering Summary

April 17, 2017

Download

*Documents filed with the Securities and Exchange Commission.

ShiftPixy, Inc. (“ShiftPixy” or “the Company”) is a leading provider of employment law compliance solutions for employers of shift/gig workers and the shift/gig workers themselves in the nextGEN Gig Economy -- an environment in which shift or other part-time / temporary positions are common, and businesses contract with independent workers for less than full-time engagements such as shift work.

The trend toward a Gig Economy has begun, and we are endeavoring to participate through an employment related service offering. A study by Intuit predicted that by 2020, 40 percent of American workers would be less than full time independent contractors.

A significant problem for employers in the Gig Economy involves compliance with regulations imposed by federal, state and local governments, including requirements associated with worker's compensation insurance, and other traditional employment compliance issues, including matters such as the employer mandate provisions of the ACA.

For Gig/Shift Workers, the significant problem is difficulty in finding other jobs/gigs to replace hours lost when their employers reduce their hours and make them less than full-time employees or otherwise to fill workweek employment voids.

We believe ShiftPixy has the ideal solution for both groups and each of their problems via a service offering that entails two principal elements:

  • ShiftPixy Employer Solution: ShiftPixy absorbs the employer's Shifters as ShiftPixy Employees and makes those employees available to the former employer to work the same jobs, as employees of ShiftPixy, shouldering a substantial portion of the employment-related compliance responsibilities.
  • ShiftPixy Shifter Solution: Shifters placed with one of ShiftPixy's clients can now access other shift work with other ShiftPixy clients, ultimately through the new ShiftPixy mobile app, a prototype of which was released in September 2016.

ShiftPixy and its subsidiary collectively serve, as of February 28, 2017, an aggregate of approximately 100 clients and with an aggregate of approximately 2,581 active, paid worksite employees, as well as providing only payroll administration services to an additional 24 clients with 818 employees.

We believe there is a large potential market for ShiftPixy's services. Current statistics show that there are over 13 million employees working in the restaurant and hospitality industries., ShiftPixy plans to expand its service offering into other industries as well, particularly where part-time work is a significant component of the applicable labor force, including the retail and health care sectors.

ShiftPixy's initial market focus includes the following metropolitan areas: Los Angeles/Southern California, San Francisco, and Phoenix, with plans to market in New York, Orlando, Dallas, Chicago, Las Vegas, and Atlanta. These markets collectively account for approximately 53% of our target market in the restaurant/hospitality sectors.


Legal

PLEASE NOTE: W.R. Hambrecht + Co., LLC urges you to read a company's offering circular thoroughly before participating in any offering. To receive a offering circular for this company, click on the link above, call 1-800-673-6476, fax 1-415-551-3123, or write to: 909 Montgomery Street, 3rd Floor, San Francisco, CA 94133.

Public offerings of securities are highly regulated by the Securities and Exchange Commission and self-regulatory organizations. There are a number of regulatory steps that affect the length and closing date of a public offering. These are not controlled by W.R. Hambrecht + Co., LLC or the issuing company.

IMPORTANT: An offering statement relating to these securities has been filed with the Securities and Exchange Commission and has become qualified.

No offer to sell the securities or solicitation of an offer to buy the securities is being made in any state where such offer or sale is not permitted under the "blue sky" or securities laws thereof. No offering is being made to individual investors in any state unless and until the offering has been registered in that state or an exemption from registration exists therein.

The above company description is excerpted from the offering circular and is not intended to be read except in connection with the review of the entire offering circular. The complete offering circular is available by clicking on the “view current filing” link above. This company description may not be printed or downloaded except in connection with the printing or downloading of the entire offering circular.

Publication of the offering circular is not a recommendation by W.R. Hambrecht + Co., LLC that any particular investor should purchase the securities described in the offering circular or that the securities are a suitable investment for any particular investor.

Publication of the offering circular does not constitute an offer by W.R. Hambrecht + Co., LLC to sell to any person or a solicitation of an offer from any person to buy from W.R. Hambrecht + Co., LLC, the securities described in the offering circular.