Nixxy, Inc. Files 8-K: Agreements, Equity Sales, Officer Changes

TL;DR

Nixxy (NIXX) dropped an 8-K detailing new deals, stock sales, and exec shuffles – check the filings!

AI Summary

Nixxy, Inc. filed an 8-K on January 6, 2025, reporting on several key events as of December 31, 2024. These include entering into a material definitive agreement, unregistered sales of equity securities, changes in directors and officers, and compensatory arrangements. The filing also covers Regulation FD disclosures and financial statements.

Why It Matters

This 8-K filing provides crucial updates on Nixxy, Inc.'s corporate actions, including material agreements and equity transactions, which could impact its financial standing and strategic direction.

Risk Assessment

Risk Level: medium — The filing involves unregistered sales of equity securities and changes in officers, which can introduce uncertainty and potential dilution risks.

Key Players & Entities

• Nixxy, Inc. (company) — Filer of the 8-K report.
• Recruiter.com Group, Inc. (company) — Former company name of Nixxy, Inc.
• TRULI TECHNOLOGIES, INC. (company) — Former company name of Nixxy, Inc.
• Truli Media Group, Inc. (company) — Former company name of Nixxy, Inc.

FAQ

Key Financial Figures

• $350,000 — ive a salary during the Initial Term of $350,000. Ms. Chen Volpone is also eligible to e
• $7,500 — "Sung RSUs") (c) a quarterly payment of $7,500; and (d) an additional quarterly paymen
• $1,500 — (d) an additional quarterly payment of $1,500 for serving as chairwoman of the Audit

Filing Documents

• nixx_8k.htm (8-K) — 44KB
• nixx_ex101.htm (EX-10.1) — 91KB
• nixx_ex991.htm (EX-99.1) — 10KB
• 0001654954-25-000133.txt ( ) — 319KB
• nixx-20241231.xsd (EX-101.SCH) — 6KB
• nixx-20241231_lab.xml (EX-101.LAB) — 16KB
• nixx-20241231_cal.xml (EX-101.CAL) — 1KB
• nixx-20241231_pre.xml (EX-101.PRE) — 12KB
• nixx-20241231_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. The information set forth in Item 5.02 below is incorporated herein by reference.

02 Unregistered Sales of Equity Securities

Item 3.02 Unregistered Sales of Equity Securities. The information set forth in Item 5.02 below is incorporated herein by reference. Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Appointment of Chief Executive Officer Effective January 1, 2025, Nixxy, Inc. (the "Company") appointed Yu-san "Debra" Chen Volpone as the Chief Executive Officer of the Company and as a member of the Company's board of directors (the "Board"). Debra Chen Volpone, 45, brings extensive experience in capital markets, corporate governance, and global business leadership. From September 2013 until December 2024, she has served as director for a leading Los Angeles-based boutique corporate communications firm. From 2010 until 2016, she was president of Oxford Metrica, a UK-based financial consulting firm specializing in board advisory, mergers and acquisitions due diligence, and risk analytics for banks, insurers, and asset managers. From 2008 through 2010, she was an executive officer of Nasdaq-listed China Cablecom Holdings, where she played a pivotal role in driving shareholder value and operational growth. From 2008 to 2011, she served as president of China Networks International Holdings, a publicly traded media company that provided global advertising services. Ms. Chen Volpone is founder of Icon Media, an investor relations and strategic consultancy serving clients in U.S. and global markets. Initially, she began her career with Lehman Brothers and JP Morgan, where she specialized in global derivatives and currency swaps. She earned her B.S. in Finance from Binghamton University's School of Management and studied accounting at the University of Melbourne. Additionally, she completed the Harvard Business School's executive program, focusing on corporate boards. There is no arrangement or understanding between Ms. Chen Volpone and any other persons pursuant to which Ms. C

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. On January 3, 2020, the Company issued a press release announcing the appointment of Ms. Chen Volpone as the Company's Chief Executive Officer. A copy of the Company's press release is attached as Exhibit 99.1 to this Current Report. The information in this Item 7.01, including Exhibit 99.1 attached hereto, is furnished pursuant to Item 7.01 and shall not be deemed "filed" for any other purpose, including for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that Section. The information in this Item 7.01 of this Current Report shall not be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended or the Exchange Act regardless of any general incorporation language in such filing unless specifically provided otherwise.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. Exhibit Number Description 10.1 Employment Agreement, dated January 1, 2025, between Nixxy, Inc. and Debra Chen Volpone 99.1 Press release, dated January 3, 2025 4

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. Dated: January 6, 2025 Nixxy, Inc. By: /s/ Debra Chen Volpone Debra Chen Volpone Chief Executive Officer 5

View Full Filing

View this 8-K filing on SEC EDGAR