Industrial Human Capital registered with the SEC to offer 25 million units at $10 each.
A unit consists of one share of common stock and one-half of one redeemable warrant, with whole warrants exercisable for a share at $11.50.
Sponsor ShiftPixy Investments has agreed to purchase up to 4.654 million placement warrants at $1 each.
This is the second of three SPACs launched today by Shiftpixy.
The new SPAC in the filing said, “We intend to focus on private companies distressed by the economic downturn caused by the COVID-19 pandemic that provide staffing solutions to clients in the light industrial sector in North America.”
The blank-check company is led by Chairman and CEO Scott Absher, who is also president, CEO and director of ShiftPixy.
The SPAC said it has applied to list on the NYSE under AXHU. Read more.
