"Shareholders of the parent company will normally receive shares of the spin-off company. The investor, generally, will receive one share of the spin-off for a pre-determined amount of shares of the parent company that the investor holds."

In the case of Shiftpixy...

Quote:

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plans to transfer the Virtual Brand development pipeline and technology stack of ShiftPixy Labs (labs.shiftpixy.com) to a wholly-owned subsidiary, ShiftPixy Labs, Inc., which will then be dividended to ShiftPixy shareholders, using a record date of September 8, 2022. The spin-off transaction will be subject to various conditions, including the Company's ability at the time of distribution to comply with applicable Wyoming law, and ShiftPixy Labs, Inc.'s meeting the qualifications for future listing on the Blockchain-powered Securities Exchange Upstream, and if successful, would eventually result in two standalone public companies. Management's intention is to publicly list ShiftPixy Labs, Inc. via an initial public offering on both NASDAQ and Upstream during October 2022.

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btw: Shiftpixy went up another $10 since I posted earlier

$31.00 +19.79 (+176.54%)

It closed at $11.21 yesterday

A spinout is 1 way of unlocking hidden/trapped/unrecognized value within a company. Messing with shorts with a dividend is another



If you think about it, WhatNot is valued at $4B.

What would standalone MARKET be valued at?

I can tell you it wouldn't be $58.3M for sure.