ShiftPixy Commits to $100M Financing Terms

Dow Jones03-20

By Chris Wack

ShiftPixy said it has committed to $100 million of commercial financing with Forstmann & Co. to initiate the first phase of the company's human capital roll up.

The staffing company said the financial injection is earmarked to kick off the first round of strategic acquisitions slated for the first quarter of 2024, marking a significant step in its national expansion plans.

ShiftPixy said the financing facility is designed to scale upward throughout 2024, enabling the company to continue its acquisition work through 2025.

Write to Chris Wack at chris.wack@wsj.com

(END) Dow Jones Newswires

March 20, 2024 08:55 ET (12:55 GMT)

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