ShiftPixy Inc (PIXY)

[-Trillion-]

ShiftPixy decided to enter the SPAC market by sponsoring four subsidiary SPACs including TechStackery Inc, Vital Human Capital Inc, Industrial Human Capital Inc and Insurity Capital Inc.

The SPAC collective is unique, as it aims to build "super clients" that will generate explosive revenue, profit and net asset accumulation.

This is a new way for companies to leverage opportunities in the capital markets without impacting shareholder value, he said, adding that the SPAC collective was the most accretive thing the company could do from a shareholder value standpoint.

Absher told Benzinga that he thinks the SPAC use case that the company has is extraordinary and will be something that business schools write about for years to come.