TechStackery, a SPAC formed by ShiftPixy, today in its fifth amended S-1 filing cut the proposed IPO to 15 million units, down from 25 million units initially registered with the SEC in April.
Three other ShiftPixy SPACs that also registered with the SEC in April downsized their proposed offerings in filings today.
A unit will still consist of one share and one-half of a redeemable warrant; whole warrants exercisable at $11.50 for one share.
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.
The SPAC is led by Chairman and CEO Scott Absher, who is also president, CEO and director of ShiftPixy.
TechStackery said it has applied to list on the NYSE under TSYU. Read more.