ShiftPixy (PIXY) Receives Nasdaq Non-compliance Notice

On October 16, 2024, ShiftPixy (NASDAQ: PIXY) received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) stating that since the Company no longer meets the minimum 500,000 publicly held shares requirement for The Nasdaq Capital Market, it no longer complies with the Listing Rules for continued listing. Accordingly, this matter serves as an additional basis for delisting the Company’s securities from Nasdaq. The letter serves as formal notification that the Nasdaq Hearings Panel (the “Panel”) will consider this matter in rendering a determination regarding the Company’s continued listing on The Nasdaq Capital Market. Pursuant to Listing Rule 5810(d), the Company should present its views with respect to this additional deficiency at its Panel hearing to be held on October 17, 2024. If the Company fails to address the aforementioned issue, the Panel will consider the record as presented at the hearing and will make its determination based upon that information.

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