ShiftPixy-backed Industrial Human Capital to raise $100 million in IPO

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October 20, 2021

Industrial Human Capital Inc. announced that it intends to raise $100 million in its initial public offering today.

Industrial Human Capital is a special-purpose acquisition company, or SPAC, backed by ShiftPixy Investments Inc., a wholly owned subsidiary of staffing and talent platform ShiftPixy Inc. (NASDAQ: PIXY). The blank check company intends to focus its search on target businesses that provide staffing solutions to the light industrial sector in North America. It is led by ShiftPixy Chairman and CEO Scott W. Absher.

The IPO was set to include 10 million units at a price of $10.00 per unit. The units are listed on the New York Stock Exchange under the ticker symbol “AXH.U”.

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