ShiftPixy to acquire TurboScale for $150m.

ShiftPixy, a human capital management platform, agreed to acquire TurboScale, an AI infrastructure solution company, for $150m. The deal, structured as $75m in stock and $75m in debt, underscores ShiftPixy’s commitment to accelerating innovation through artificial intelligence and enhancing its platform capabilities with TurboScale’s advanced AI solutions. The completion of the acquisition is subject to the negotiation of definitive agreements and other customary closing conditions, including board and shareholder approval and completion of an examination period.