MIAMI – (COMMERCIAL THREAD) – Industrial Human Capital, Inc. (the âCompanyâ) today announced the price of its initial public offering of 10,000,000 units at a price of $ 10.00 per unit. The Units will be listed on the New York Stock Exchange (âNYSEâ) and will trade under the ticker symbol âAXHUâ as of October 20, 2021.
Each unit consists of one common share of the Company and one redeemable warrant, with each entire warrant exercisable to purchase one common share at a price of $ 11.50 per share (subject to adjustment) . Once the securities comprising the Units begin to trade separately, the Common Shares and the Warrants should be listed on the New York Stock Exchange under the symbols âAXHâ and âAXHWâ, respectively. The offer is scheduled to close on October 22, 2021, subject to the satisfaction of the usual closing conditions.
Industrial Human Capital, Inc. is a blank check company formed for the purpose of effecting a merger, stock exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more companies. The Company intends to focus its research on target companies that provide staffing solutions to the light industry sector in North America. The company is sponsored by ShiftPixy Investments, Inc., a wholly owned subsidiary of ShiftPixy, Inc., and is led by Scott W. Absher, its president and CEO.
AGP / Alliance Global Partners is the sole accounting manager of the IPO and Brookline Capital Markets, a division of Arcadia Securities, LLC, acted as co-manager of the offering. Industrial Human Capital, Inc. has granted the underwriters a 45-day option to purchase up to 1,500,000 units at the initial public offering price to cover over-allotments, if any.
A registration statement relating to these securities was declared effective by the United States Securities and Exchange Commission (the âSECâ) on October 19, 2021. This press release does not constitute an offer to sell or the solicitation of an offer to purchase, nor will there be any sale of such securities in any state or jurisdiction in which such an offer, solicitation or sale would be illegal prior to registration or qualification under the securities laws of that state or jurisdiction. No securities regulatory authority has approved or disapproved of the contents of this press release.
The offer is being made only by means of a prospectus, copies of which can be obtained from AGP / Alliance Global Partners, 590 Madison Avenue, 28th Floor, New York, NY 10022, or by telephone at (212) 624- 2060, or by email at [email protected] or by visiting EDGAR on the SEC website at www.sec.gov.
Caution Regarding Forward-Looking Statements
This press release contains statements that constitute “forward-looking statements”, in particular with regard to the initial public offering and the search for an initial business combination. No guarantee can be given that the offer discussed above will be carried out under the conditions described, or not at all. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set out in the Risk Factors section of the Company’s registration statement and preliminary prospectus for the initial public offering. savings filed with the SEC. Copies are available on the SEC website, www.sec.gov. The Company assumes no obligation to update these statements for revisions or changes after the date of this posting, except as required by law.