TechStackery registered today with the SEC to offer 25 million units at $10 each. This is the fourth SPAC registered today by Shiftpixy Investments.
A unit consists of one share of common stock and one-half of a redeemable warrant; whole warrants exercisable at $11.50 for one share.
Sponsor ShiftPixy Investments has agreed to purchase up to 4.654 million placement warrants at $1 each, depending on the underwriter’s exercise of their over-allotment option.
TechStackery plans to focus on private companies distressed by the economic downturn caused by the COVID-19 pandemic that provide staffing solutions to clients in the technology sector in North America.
Techstackery 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 TSYU. Read more.
