Industrial Human Capital, Inc. (AXH.U) Prices $100M IPO


Industrial Human Capital, Inc. (AXH.U) Prices $100M IPO

Oct 20, 2021 IPOs by Marlena Haddad

Industrial Human Capital, Inc. announced the pricing of its $100 million IPO and its shares are expected to begin trading on the NYSE under the symbol “AXH.U” Wednesday, October 20.

The new SPAC intends to focus its search on businesses that provide staffing solutions to the light industrial 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 Chairman and Chief Executive Officer, CFO and Treasurer Domonic J. Carney, and General Counsel and Secretary Robert S. Gans.

Total SPAC deal count for 2021 year-to-date is now 480. This offering is expected to close on Friday, October 22.

A.G.P./Alliance Global Partners is the sole book-running manager for the IPO and Brookline Capital Markets, a division of Arcadia Securities, LLC, acted as co-manager for the offering. Loeb & Loeb LLP is serving as Issuer’s Counsel with McDermott Will & Emery LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.