ShiftPixy (NASDAQ: PIXY) today announced the pricing of its $2.25 million offering of common shares and series A warrants. The offering includes up to 2,403,847 common shares (or equivalents) and series B warrants to purchase at an offering price of $1.04 per common share.  

The company intends to use the net proceeds from the offering for general corporate purposes, including working capital.  

Gross proceeds from the offering are expected to be approximately $2.5 million. The offering is expected to close occur on or about Aug. 27, subject to the satisfaction of customary closing conditions. 

Each series A warrant will expire in five years, and each series B warrant will expire in two years. 

Miami-based ShiftPixy operates a staffing division called ShiftPixy Staffing Inc. and offers employment administrative services through another division. Its primary focus is on the restaurant and hospitality industries.