ShiftPixy Prepares its IPO listing with Nasdaq with Plans to Close its Reg A+ IPO this June

May 31, 2017

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ShiftPixy Prepares 2017 IPO Listing

San Francisco, CA – May 31, 2017 – WR Hambrecht + Co announces that ShiftPixy, Inc. (NASDAQ: PIXY) (“ShiftPixy”), has filed an amendment to its Form 1-A Offering Circular for the offering of common stock under SEC Regulation A and plans to list on The Nasdaq Capital Market following the conclusion of the offering. WR Hambrecht + Co is acting as representative underwriter for the Reg A+ Initial Public Offering for ShiftPixy.

“Our team is passionate about growth companies such as ShiftPixy, because they represent a great opportunity for all classes of investors,” said John Hullar, Managing Partner, WR Hambrecht + Co.  “We are pleased to offer Reg A+ IPOs to investors and that ShiftPixy will bring its Regulation A+ offering to the NASDAQ market.”

About ShiftPixy

ShiftPixy is a disruptive human capital management (HCM) services provider, revolutionizing employment in the Gig Economy by delivering a next-gen platform for workforce management that helps shift-based businesses navigate regulatory mandates, minimize administrative burdens, and connect them with a ready-for-hire workforce. With expertise rooted in management’s nearly 25 years of workers’ compensation and compliance programs, ShiftPixy adds a needed layer for addressing compliance and continued demands for equitable employment practices in the growing Gig Economy. ShiftPixy’s complete HCM ecosystem manages regulatory requirements and compliance with regard to paid time off (PTO) laws, insurance and workers’ compensation, minimum wage increases, and the Affordable Care Act (ACA) as well as other applicable employment related laws and regulations.

ShiftPixy Co-Founder and CEO, Scott Absher, stated that “Everyone has worked very hard over many months to secure qualification of ShiftPixy’s IPO Offering Statement with the SEC.  In anticipation of the SEC’s qualifying our offering in the near future, we are all excited to start our investor roadshow and other sales activities necessary to successfully close our IPO in the coming weeks.”

About WR Hambrecht + Co

WR Hambrecht + Co has been focused on opening the investing world to as many people as possible at fair market prices and was instrumental in reforming Regulation A to help accomplish that for growth companies and investors. Its Regulation A+ strategy is a continuation of the Hambrecht legacy of conducting small public offerings for what were once considered high-risk start-ups that are now household names and Fortune 500 companies.

Legal Disclaimer

No money or consideration is being solicited by the information in this press release or any other communication and, if sent, money will not be accepted and will be promptly returned. No offer by a potential investor to buy our securities can be accepted and, if made, any such offer can be withdrawn before qualification of this offering by the SEC. A potential investor’s indication of interest does not create a commitment to purchase the securities we are offering. Any such indication of interest may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of its acceptance is given and all other requirements to accept an investment from a potential investor are met after the offering qualification date.

The offering, after qualification by the SEC, will be made only by means of the Offering Circular. Any information in this press release or any other communication shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification for sale as provided in Regulation A+ in any such state or jurisdiction.

The Offering Circular can be found here: https://www.sec.gov/Archives/edgar/data/1675634/000147793217002404/pixy_1apos.htm.