Industrial Human Capital, Inc. (AXHIW) operates as a blank check company, or special purpose acquisition company (SPAC), focused on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses, primarily targeting staffing solutions providers in the light industrial sector across North America, including construction, warehousing, facilities management, and environmental services; the company does not conduct significant independent operations prior to completing an initial business combination. Founded in 2021 and headquartered in Miami, Florida, it leverages expertise from sponsor ShiftPixy Investments, Inc., a subsidiary of ShiftPixy, Inc., to pursue a roll-up strategy consolidating regional light industrial staffing operators into a national platform supported by human capital management technology. In recent developments, the company closed a $115 million initial public offering in October 2021, listing units on the NYSE under AXHU; however, it faced financial challenges, including an involuntary petition for liquidation under Chapter 7 of the U.S. Bankruptcy Code filed in February 2023, with the U.S. Bankruptcy Court granting an order for relief, leading to its liquidation and the revocation of its SEC Exchange Act registration as of late 2022. No merger or business combination was completed, and the company remains in bankruptcy liquidation proceedings as of 2025, with a trustee managing interim reports.