# EDGAR Filing Document

**Accession Number:** 0001675634
**File Stem:** 0001628280-23-004107
**Filing Date:** 2023-2
**Character Count:** 11511
**Document Hash:** c6c5cf7804c4e409b1d60edec4ab3c83
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001628280-23-004107.hdr.sgml**: 20230221

**ACCESSION NUMBER**: 0001628280-23-004107

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 7

**CONFORMED PERIOD OF REPORT**: 20230131

**ITEM INFORMATION**: Other Events

**FILED AS OF DATE**: 20230221

**DATE AS OF CHANGE**: 20230217

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ShiftPixy, Inc.
- **CENTRAL INDEX KEY:** 0001675634
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-EMPLOYMENT AGENCIES [7361]
- **IRS NUMBER:** 474211438
- **STATE OF INCORPORATION:** WY
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-37954
- **FILM NUMBER:** 23644557

**BUSINESS ADDRESS:**
- **STREET 1:** 1 VENTURE
- **STREET 2:** SUITE 150
- **CITY:** IRVINE
- **STATE:** CA
- **ZIP:** 92618
- **BUSINESS PHONE:** 888-798-9100

**MAIL ADDRESS:**
- **STREET 1:** 1 VENTURE
- **STREET 2:** SUITE 150
- **CITY:** IRVINE
- **STATE:** CA
- **ZIP:** 92618

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): January 31, 2023

---

| |
|:---|
| **SHIFTPIXY, INC.** |
| (Exact name of registrant as specified in its charter) |

---

---

| | |
|:---|:---|
| **Wyoming** | **47-4211438** |
| (State of incorporation or organization) | (I.R.S. Employer Identification No.) |
| **13450 W. Sunrise Blvd., Suite 650<br>Sunrise, FL**  | **33233** |
| (Address of principal executive offices) | (Zip Code) |

---

(888) 798-9100

(Registrant's telephone number, including area code)

Commission File No. 001-37954

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered under Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on<br>which registered** |
| Common Stock, par value $0.0001 per share | PIXY | The Nasdaq Stock Market LLC |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

------

**Item 8.01.&nbsp;&nbsp;&nbsp;&nbsp;Other Events.**

As previously reported, on January 31, 2023, ShiftPixy, Inc. (the "Company") entered into an At Market Issuance sales agreement, with A.G.P./Alliance Global Partners (the "Agent,"), pursuant to which the Company may offer and sell, from time to time, through the Agent (the "Offering"), up to $8,187,827 in shares of its common stock. Any shares offered and sold in the Offering will be issued pursuant to the Company's Registration Statement on Form S-3 (File No. 333-269477) filed with the Securities and Exchange Commission (the "SEC") on January 31, 2023 (the "Registration Statement") and declared effective by the SEC on February 13, 2023, and the prospectus supplement relating to the Offering filed with the SEC on January 31, 2023.

This Current Report on Form 8-K shall not constitute an offer to sell or the solicitation of any offer to buy the shares, nor shall there be any offer, solicitation, or sale of the shares in any state or country in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any state or country.

The opinion of the Company's legal counsel, Bailey, Stock, Harmon, Cottam, Lopez LLP, regarding the validity of the shares is filed as Exhibit 5.1 hereto. This opinion is also filed with reference to, and is hereby incorporated by reference into, the Registration Statement.

**Item 9.01.&nbsp;&nbsp;&nbsp;&nbsp;Financial Statements and Exhibits.**

---

| | |
|:---|:---|
| **Exhibit Number** | **Description** |
| **5.1** | **Opinion of Bailey, Stock, Harmon, Cottam, Lopez LLP** |
| **23.1** | **Consent of Bailey, Stock, Harmon, Cottam, Lopez LLP (included in Exhibit 5.1)** |
| **104** | **Cover Page Interactive Data File (embedded within the Inline XBRL document)** |

---

------

**SIGNATURE**

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the date indicated.

---

| | | |
|:---|:---|:---|
| | **SHIFTPIXY, INC.** | **SHIFTPIXY, INC.** |
| Date: May 17, 2021 | By: | */s/ Scott W. Absher* |
|  |  | Scott W. Absher |
|  |  | Chief Executive Officer and Director |

---

## Exhibit 5.1

![image_1.jpg](image_1.jpg)![image_2.jpg](image_2.jpg)![image_0.jpg](image_0.jpg)

![image_3.jpg](image_3.jpg)

February 17, 2023

ShiftPixy, Inc.

13450 W. Sunrise Blvd.

Suite 650

Sunrise, FL 33323

Re:&nbsp;&nbsp;&nbsp;&nbsp;ShiftPixy, Inc.

Ladies and Gentlemen:

&nbsp;&nbsp;&nbsp;&nbsp;We have acted as counsel to ShiftPixy, Inc., a Wyoming corporation (the "**Company**"), in connection with the offering and sale by the Company of shares (the "**Shares**") of the Company's common stock, par value $0.0001 per share ("**Common Stock**"), having an aggregate offering price of up to $8,187,827 to be offered and sold from time to time pursuant to a prospectus supplement dated January 31, 2023 (the "**Prospectus Supplement**") and the accompanying prospectus dated January 31, 2023 (together with the Prospectus Supplement, the "**Prospectus**") that form part of the Company's registration statement on Form S-3 (File No. 333-2694777) (together with the Prospectus, the "**Registration Statement**") filed by the Company with the Securities and Exchange Commission (the "Commission") under the Securities Act of 1933, as amended (the "**Securities Act**"). The Shares are to be sold by the Company through A.G.P./Alliance Global Partners (the "**Agent**"), as sales agent, in accordance with that certain At Market Issuance Sales Agreement, dated as of January 31, 2023 (the "**ATM Agreement**"), by and between the Agent and the Company, as described in the Prospectus Supplement.

&nbsp;&nbsp;&nbsp;&nbsp;In connection with this opinion, we have examined originals or copies, certified or otherwise identified to our satisfaction, of (i) the Registration Statement, including the Prospectus Supplement, (ii) the ATM Agreement, (iii) the Amended and Restated Certificate of Incorporation of the Company, as amended to date, (iv) the Bylaws of the Company, as amended to date, as currently in effect, and (v) certain resolutions adopted by the Board of Directors of the Company with respect to the ATM Agreement and the issuance of the Shares. We have also examined originals or copies, certified or otherwise identified to our satisfaction, of such records of the Company and such agreements, certificates of public officials, certificates of officers or other representatives of the Company and others, and such other documents, certificates and records, as we have deemed necessary or appropriate as a basis for the opinion set forth herein.

&nbsp;&nbsp;&nbsp;&nbsp;In our examination, we have assumed and have not verified (i) the legal capacity of all natural persons, (ii) the genuineness of all signatures, (iii) the authenticity of all documents submitted to us as originals, (iv) the conformity with the originals of all documents supplied to us as copies, (v) the accuracy and completeness of all corporate records and documents made available to us by the Company, (vi) the truth, accuracy and completeness of the information, representations and warranties contained in the records, documents, instruments and certificates we have reviewed; and (vii) that the foregoing documents, in the form submitted to us for our review, have not been altered or amended in any respect material to our opinion stated herein. We have relied as to factual matters upon certificates from officers of the Company and certificates and other documents from public officials and government agencies and departments and we have assumed the accuracy and authenticity of such certificates and documents. We

------

*ShiftPixy*

*February 17, 2023*

*Page 2*

have further assumed that the Shares will be issued and delivered in accordance with the terms of the Offering Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;Based on the foregoing, we are of the opinion that the Shares have been duly authorized and, when issued and sold in the manner described in the Registration Statement, the Prospectus Supplement and the ATM Agreement, will be validly issued, fully paid and non-assessable.

&nbsp;&nbsp;&nbsp;&nbsp;We are members of the bar of the State of Wyoming. We express no opinion as to the laws of any jurisdiction other than the laws of the State of Wyoming and the federal laws of the United States of America. Insofar as the matters covered by this opinion may be governed by the laws of other states, we have assumed that such laws are identical in all respects to the laws of the State of Wyoming.

&nbsp;&nbsp;&nbsp;&nbsp;We hereby consent to the use of this opinion as Exhibit 5.1 to the Company's Current Report on Form 8-K filed with the SEC on the date hereof, which is incorporated by reference into the Registration Statement, and further consent to the reference to us in the Prospectus Supplement, the Registration Statement and any amendments thereto. In giving such consent, we do not hereby admit that we are within the category of persons whose consent is required under Section 7 of the Securities Act or the rules and regulations thereunder.

&nbsp;&nbsp;&nbsp;&nbsp;This opinion is intended solely for use in connection with the offer and sale of the Shares pursuant to the ATM Agreement and Prospectus Supplement and is not to be relied upon for any other purpose or delivered to or relied upon by any other person without our prior written consent. This opinion is rendered as of the date hereof and based solely on our understanding of facts in existence as of such date after the examination described in this opinion. We assume no obligation to advise you of any fact, circumstance, event or change in the law or the facts that may hereafter be brought to our attention whether or not such occurrence would affect or modify the opinions expressed herein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Best Regards,

BAILEY STOCK HARMON COTTAM LOPEZ LLP

/s/ Ronald J. Lopez

&nbsp;&nbsp;&nbsp;&nbsp;

RONALD J. LOPEZ

www.Performance-Law.com ![image_4.jpg](image_4.jpg)<br>

<br>