Nixxy Inc

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Nixxy, Inc. operates an on-demand recruiting platform that aims to deliver the right talent to both small and large businesses. The platform is powered by virtual teams of Recruiters On Demand and Video and Artificial Intelligence (AI) job-matching technology. It provides employers access to independent recruiters and utilizes an innovative web platform, with integrated AI-driven candidate to job matching and video screening software to source qualified talent. The company was founded by Michael Jay Solomon, Ashley Saddul, and Miles Jennings on July 28, 2008 and is headquartered in Bristol, CT.

NEW YORK, NY / ACCESSWIRE / December 23, 2024 / Nixxy.com is pleased to announce the successful completion of its restructuring process, a pivotal step in enhancing shareholder value and positioning the organization for future growth. The company, threatened with Nasdaq delisting earlier in 2024, has eliminated onerous debt, resulting in increased shareholder equity and value through strategic partnerships with fresh and supportive investor groups, and is now is good standing with Nasdaq, and remains current in its SEC reporting.

Restructuring Complete, Bringing Shareholder Value with New USA-Based CEO Imminent

NEW YORK, NY / ACCESSWIRE / December 4, 2024 / Nixxy, Inc. (NASDAQ:NIXX), or "the Company", today announced that it is withdrawing the previously announced record date for its planned spin-off of its subsidiary, Atlantic Energy Solutions (OTC:AESO) ("AESO"), or CognoGroup, the anticipated future name of the Company following the spinoff. Key Details Original Announcement Original Record Date: November 15, 2024 Originally Announced Spin-Off Date: TBD Original Distribution Ratio: TBD Reason for Withdrawal The decision to withdraw the record date is based on: Ongoing strategic evaluation of the corporate structure Pending additional regulatory reviews Optimization of shareholder value Alignment with broader strategic objectives Next Steps The company will provide an updated timeline in a subsequent announcement Shareholders are advised to await further communication All previously disclosed information remains subject to review Management Commentary "The Company believes that the withdrawal of the record date for the CognoGroup spinoff will afford the Company with the additional time to better align with its corporate aims, allow for the orderly distribution of the CognoGroup shares and maximize shareholder value.

Nixxy Withdraws Record Date for CognoGroup Spin-Off

NEW YORK, NY / ACCESSWIRE / November 1, 2024 / Nixxy, Inc, (NASDAQ:NIXX), or the Company, today provided an update to its previously announced letter of intent to acquire the wholesale gifts business JustGot2HaveIt, Inc. ("JG"), as filed on Form 8-K on October 24, 2024 (the "Letter of Intent"), further detailing strategic elements of this acquisition and clarifying its plans for an impending spin-off. Strategic Acquisition Approach The Letter of Intent aligns with Nixxy's strategic focus on acquiring businesses positioned for digital transformation.

Nixxy Details Strategic Growth, JustGot2HaveIt Acquisition Updates, and CognoGroup Spin-Off Record Date

CognoGroup Spin-Off Update NEW YORK, NY / ACCESSWIRE / October 18, 2024 / Nixxy (NASDAQ:NIXX) is moving forward with its previously announced plans to consolidate several of its assets and liabilities into Atlantic Energy Solutions (OTC:AESO), which is planned to be renamed CognoGroup ("CognoGroup"). As part of this restructuring, Nixxy will distribute shares of CognoGroup to eligible shareholders, aligning with its strategy to streamline operations and potentially unlock shareholder value.

Nixxy Announces CognoGroup Spin-Off Plans

The preliminary target valuation is estimated at $6 million. The transaction would be executed simultaneously with Nixxy's pending Spin-off of CognoGroup (Remaining Legacy Assets from Recruiter) The target company's Gross Merchandise Volume is projected to reach $66 million with $10 million in net revenues for 2024, pending its successful acquisition and integration.

Nixxy Signs Letter Of Intent to Acquire Privately Held Company in the Wholesale Gifts Business

NEW YORK, NY / ACCESSWIRE / October 17, 2024 / Nixxy (NASDAQ:NIXX), the "Company," today provided an update on its strategy to acquire businesses in traditional markets and enhance their operations with state-of-the-art technology and data analytics. Strategic Acquisition Approach Nixxy's strategy includes acquiring established standalone businesses with stable operations and profitability.

Nixxy Issues Shareholder Update For Strategic Focus And Acquisition Progress

News for Nixxy Inc Stock (NIXX)