Subscribers,

Yesterday we alerted you to ShiftPixy, Inc (NASDAQ: PIXY), our first big board ticker for a few months.

It consolidated well yesterday but didnt quite manage to breakout like we know it can.

But today could be the day. The chart is super strong and the trading action is bullish.

I am urging you to get PIXY on your screen again today.

ICYMI...

ShiftPixy is a disruptive human capital management platform, revolutionizing employment in the Gig Economy by delivering a next-gen mobile engagement technology to help businesses with shift-based employees navigate regulatory mandates, minimize administrative burdens and better connect with a ready-for-hire workforce.

PIXY is currently trading at $1.82 and the chart is showing a powerful bottoming / reversal formation. 

We think there could be major upside from here for a couple of reasons...
 

#1 Potential Breakout Catalyst For PIXY 
 
PIXY Has A History Of Short-term Breakouts 

- In March, PIXY skyrocketed from $2.65 to $3.95 in one day for a gain of 49%

- In April, PIXY surged from $2.50 to almost $4 in one day for 54% upside

- In June, it ran from $2.60 to $3.80 in two days for a 46% move

And 2020 was even better for PIXY...
 
- On January 7th, the stock closed at $8.07 and during the following session hit a high of $27.50! That's a whopping short-term surge of approximately 240%.

- That's not all... On March 18th, PIXY opened at $5.25 and ran that day to a high of $16.93.  Overall, that intraday surge amounted to an approximate 222% run.

- Last month, PIXY opened April 14th's session at $4.93 only to race to a high on the 15th of $11.40.  This final short-term run can be calculated as an approximate 131% explosion.

See what I mean? Volatility can set this stock off on furious short-term breakouts.
 

#2 Potential Breakout Catalyst For PIXY - Stock Offerings at $2.45 (35% higher than its current price)

ShiftPixy, Inc. Announces Pricing of $12 Million Private Placement Priced At-The-Market under Nasdaq Rules

ShiftPixy, Inc. (the "Company") (Nasdaq: PIXY), a Florida-based 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 it has entered into a securities purchase agreement with a large institutional investor for a private placement of common stock and warrants exercisable for common stock expected to result in gross proceeds to the Company of approximately $12 million before deducting placement agent commissions and other transaction-related expenses payable by the Company. In the private placement, the Company has agreed to sell (i) 2,320,000 shares of its common stock together with warrants to purchase up to 2,320,000 shares of common stock, and (ii) 2,628,453 pre-funded warrants with each pre-funded warrant exercisable for one share of common stock, together with common warrants to purchase up to 2,628,453 shares of common stock. Each share of common stock and accompanying common warrant are being sold together at a combined offering price of $2.425, and each pre-funded warrant and accompanying common warrant are being sold together at a combined offering price of $2.4249. The pre-funded warrants will be immediately exercisable, at a nominal exercise price of $0.0001, and may be exercised at any time until all of the pre-funded warrants are exercised in full. The common warrants will have an exercise price of $2.425 per share, will be exercisable upon issuance and will expire five years from the date of an effective registration statement covering the shares underlying the warrants.

The Company intends to use the net proceeds from the private placement for general corporate purposes, including working capital, operating expenses, and capital expenditures, as well as for certain expenses associated with the sponsorship by its wholly-owned subsidiary, ShiftPixy Investments, Inc., of certain special purpose acquisition companies ("SPACs"), as previously announced. The private placement is expected to close on or about May 17, 2021, subject to customary closing conditions.

A.G.P./Alliance Global Partners is acting as the sole placement agent for the transaction.

The securities to be sold in the private placement have not been registered under the Securities Act of 1933, as amended, or state securities laws as of the time of issuance and may not be offered or sold in the United States absent registration with the Securities and Exchange Commission ("SEC") or an applicable exemption from such registration requirements. The Company has agreed to file one or more registration statements with the SEC registering the resale of the shares of common stock and the shares of common stock underlying the warrants purchased in the private placement.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities 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 registration or qualification under the securities laws of any such state or jurisdiction.

https://finance.yahoo.com/news/shiftpixy-inc-announces-pricing-12-120000627.html

 
So, get PIXY on your screen now and do your research before its too late.



All the best.

SmallCapMomo.com

picks@smallcapmomo.com

Remember our key trading rules when trading. Capital preservation is key. Keep your stops tight, and if things don't go your way, cut your losses and look for another opportunity.