By Josh Beckerman
ShiftPixy postponed a 1-for-24 reverse stock split to Oct. 14 from Sept. 30 due to Chief Executive/majority shareholder Scott Absher’s plans for charitable donations of stock and the coordination of donations with recipients before the reverse split’s effectiveness.
ShiftPixy expects shares will begin trading on a post-reverse split basis Oct. 16.
The company’s namesake platform focused on shift-based workers seeks to combine “the modern perks of the gig economy with traditional employment benefits.”
Before the stock was halted for pending news, it was up 3.1% to 82.5 cents.
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