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ShiftPixy (PIXY) has successfully completed the IPO of Industrial Human Capital, Inc. (AXHU), raising funds by selling 11.5 million units at $10 each. This includes an over-allotment option for an additional 1.5 million units. The units began trading on the NYSE on October 20, 2021. ShiftPixy aims to utilize its platform to integrate 100,000 employees into its ecosystem, potentially leading to an annual revenue increase of up to $1 billion and pre-tax earnings of $50 million. The company anticipates significant growth through client agreements with IHC.
Industrial Human Capital, Inc. has successfully closed its initial public offering (IPO) of 11,500,000 units priced at $10.00 each, including an over-allotment option exercised by underwriters. The units began trading on the NYSE under the ticker symbol AXHU on October 20, 2021. Each unit comprises one share and a redeemable warrant, which can be exercised at $11.50 per share. The proceeds from this offering will be utilized to pursue a business combination targeting staffing solutions in North America’s light industrial sector.
Industrial Human Capital, Inc. announced the pricing of its initial public offering of 10,000,000 units at
