ShiftPixy Inc PIXY shares are buying and selling decrease by 23.72% to $0.15 Wednesday afternoon after the corporate introduced a 1-for-100 reverse inventory break up.

ShiftPixy says the brand new reversed shares will start buying and selling on Nasdaq on September 1st, the beginning of the corporate’s new fiscal yr.

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ShiftPixy is a disruptive human capital providers enterprise, revolutionizing employment within the Gig Economic system by delivering a next-gen platform for workforce administration.

In line with information from Benzinga Professional, ShiftPixy has a 52-week excessive of $2.03 and a 52-week low of $0.12.