Industrial Human Capital, a blank check company formed by ShiftPixy targeting light industrial staffing solutions in North America, raised $100 million by offering 10 million units at $10. Each unit consists of one share of common stock and one warrant, exercisable at $11.50.
The company is led by CEO and Chairman Scott Absher, who currently serves as the CEO of human capital management platform ShiftPixy (Nasdaq: PIXY) and President of Struxurety, and CFO Domonic Carney, who currently serves as the CFO of ShiftPixy. Industrial Human Capital plans to target companies distressed by the COVID-19 pandemic that provide staffing solutions in North America to clients in the light industrial sector.
Industrial Human Capital plans to list on the NYSE under the symbol AXHU. A.G.P. acted as sole bookrunner on the deal.
