At the time of the most recent check, ShiftPixy Inc. (NASD: PIXY) shares were up 13.000%, trading for $12.43 on the open market. In light of recent events, the PIXY stock appeared to be gaining momentum as it finished the previous session at $11.00.
What current events took place at PIXY?
This month, ShiftPixy (PIXY) talked about how ShiftPixy and ShiftPixy Labs incubated Quelliv. As of October 4, 2022, the Company completed the successful incubation launch of Quelliv Inc. low-level laser centers through ShiftPixy Labs, which is meant to take a novel business idea from concept through to mass commercialization.
At ShiftPixy Labs, the incubation process begins with a thorough examination of the prospective commercial markets. The teams then compile in-depth financial analyses and research to develop the company strategy. The strategy serves as the framework for developing the investor case for the new venture, for which the teams gather all the paperwork and workflows necessary to enlist investors.
The outcome is a short-term initial public offering (NPE) to introduce the company to the capital markets for ongoing growth and capital development. A capital market entrance for the Quelliv project is planned for early 2023. Within the following 24 months, they want to roll out 500 more stores. Major influencers like Tony Robbins and certified sports trainers have gushed about how well the Quelliv laser technology has worked for them.
A successful incubation launch of Quelliv Inc.’s low-level laser centers, which offer a powerful, non-invasive therapeutic option to relieve pain, decrease inflammation, improve skin health, and stimulate individual well-being, was previously announced by ShiftPixy. Industry leader Genesis One Lasers supplies electricity to Quelliv laser clinics to guarantee efficient treatments with durable outcomes.
In ShiftPixy Labs, PIXY developed mobile technology for the specific demographic target and went through the customer engagement process to offer the value of the good or service. Through the mobile customer application, which is intended to boost customer engagement and hone remarketing chances, the team forges a highly lasting connection with the consumer.
How will PIXY develop going forward?
Another excellent application for ShiftPixy Labs will be Quelliv. This is the first of several chances that PIXY is considering using its distinctive business tools. The ultimate objective of ShiftPixy is to increase profitability while elevating brilliant ideas. As a result of these kinds of engagements, PIXY anticipates creating a number of prospects for equity interests that will be distributed as dividends to its shareholders.