Nixxy, Inc. Files 8-K for Material Agreement
Ticker: NIXXW · Form: 8-K · Filed: Nov 20, 2024 · CIK: 1462223
| Field | Detail |
|---|---|
| Company | Nixxy, Inc. (NIXXW) |
| Form Type | 8-K |
| Filed Date | Nov 20, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0, $1.50, $2.1 m |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, corporate-actions
TL;DR
Nixxy (XXYY) signed a big deal, filing an 8-K today.
AI Summary
Nixxy, Inc. filed an 8-K on November 20, 2024, to report the entry into a material definitive agreement. The filing also includes financial statements and exhibits. Nixxy, Inc. was formerly known as Recruiter.com Group, Inc., TRULI TECHNOLOGIES, INC., and Truli Media Group, Inc.
Why It Matters
This filing indicates a significant new contract or partnership for Nixxy, Inc., which could impact its future business operations and financial performance.
Risk Assessment
Risk Level: medium — The filing indicates a material definitive agreement, which could represent a significant change in business strategy or financial commitments, carrying inherent risks.
Key Players & Entities
- Nixxy, Inc. (company) — Registrant
- Recruiter.com Group, Inc. (company) — Former Company Name
- TRULI TECHNOLOGIES, INC. (company) — Former Company Name
- Truli Media Group, Inc. (company) — Former Company Name
- November 20, 2024 (date) — Date of Report
FAQ
What is the nature of the material definitive agreement Nixxy, Inc. entered into?
The filing does not specify the details of the material definitive agreement, only that one was entered into on or before November 20, 2024.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing was on November 20, 2024.
What was Nixxy, Inc. previously named?
Nixxy, Inc. was formerly known as Recruiter.com Group, Inc., TRULI TECHNOLOGIES, INC., and Truli Media Group, Inc.
What is Nixxy, Inc.'s state of incorporation?
Nixxy, Inc. is incorporated in Nevada.
What is Nixxy, Inc.'s fiscal year end?
Nixxy, Inc.'s fiscal year ends on December 31.
Filing Stats: 671 words · 3 min read · ~2 pages · Grade level 11.5 · Accepted 2024-11-20 16:51:36
Key Financial Figures
- $0 — he "Shares") of common stock, par value $0.0001, of the Company at a purchase pric
- $1.50 — , of the Company at a purchase price of $1.50 per Share for aggregate gross proceeds
- $2.1 m — roceeds to the Company of approximately $2.1 million, before deducting estimated offer
Filing Documents
- nixx_8k.htm (8-K) — 30KB
- nixx_ex51.htm (EX-5.1) — 13KB
- nixx_ex101.htm (EX-10.1) — 142KB
- nixx_ex51img2.jpg (GRAPHIC) — 6KB
- nixx_ex51img3.jpg (GRAPHIC) — 4KB
- 0001654954-24-014711.txt ( ) — 382KB
- nixx-20241120.xsd (EX-101.SCH) — 6KB
- nixx-20241120_lab.xml (EX-101.LAB) — 16KB
- nixx-20241120_cal.xml (EX-101.CAL) — 1KB
- nixx-20241120_pre.xml (EX-101.PRE) — 12KB
- nixx-20241120_def.xml (EX-101.DEF) — 4KB
- nixx_8k_htm.xml (XML) — 6KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. On November 20, 2024, Nixxy, Inc. (the "Company") entered into a securities purchase agreement (the "Purchase Agreement") with the purchasers identified on the signature pages thereto (the "Purchasers"), pursuant to which the Company agreed to sell and issue, in a registered direct offering, an aggregate of 1,416,665 shares (the "Shares") of common stock, par value $0.0001, of the Company at a purchase price of $1.50 per Share for aggregate gross proceeds to the Company of approximately $2.1 million, before deducting estimated offering expenses payable by the Company. The Shares are being sold pursuant to the Company's effective shelf registration statement on Form S-3 (File No. 333-26470), including a prospectus contained therein, which was originally filed with the Securities and Exchange Commission (the "SEC") on September 16, 2022, and was declared effective by the SEC on September 30, 2022. The Purchase Agreement contains customary representations, warranties and agreements of the Company and the Purchasers and customary indemnification rights and obligations of the parties. The Offering is expected to close on or about November 21, 2024, subject to satisfaction of customary closing conditions. The foregoing description of the Purchase Agreement is not complete and is qualified in its entirety by reference to the full text of the Purchase Agreement, a copy of which is filed herewith as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated by reference herein. A copy of the opinion of Hutchison & Steffen, PLLC relating to the validity of the Shares is filed herewith as Exhibit 5.1.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 5.1 Opinion of Hutchison & Steffen, PLLC 10.1 Securities Purchase Agreement, dated November 20, 2024, by and between the Company and the Purchasers 23.1 Consent of Hutchison & Steffen, PLLC (included in Exhibit 5.1) 104 Cover Page Interactive Data File (formatted as Inline XBRL document) 2
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: November 20, 2024 Nixxy, Inc. /s/ Adam Yang Adam Yang Chief Financial Officer 3