Nixxy, Inc. Reports Material Agreements & Equity Sales

TL;DR

Nixxy just dropped an 8-K: material agreements, financial obligations, and unregistered equity sales on Sept 4th. Watch this space.

AI Summary

Nixxy, Inc. filed an 8-K on September 10, 2025, reporting on several key events that occurred on September 4, 2025. These include entering into a material definitive agreement, creating a direct financial obligation, and the unregistered sale of equity securities. The company, formerly known as Recruiter.com Group, Inc., is incorporated in Nevada and headquartered in New York.

Why It Matters

This filing indicates Nixxy, Inc. has entered into significant agreements and potentially issued new equity, which could impact its financial obligations and shareholder structure.

Risk Assessment

Risk Level: medium — The filing mentions unregistered sales of equity securities and creation of financial obligations, which can introduce financial and ownership risks.

Key Players & Entities

• Nixxy, Inc. (company) — Filer of the 8-K report
• Recruiter.com Group, Inc. (company) — Former name of Nixxy, Inc.
• September 4, 2025 (date) — Date of earliest event reported
• September 10, 2025 (date) — Date the 8-K was filed

FAQ

Key Financial Figures

• $2,000,000 — credit in the principal amount of up to $2,000,000, that may be used to working capital an
• $50,000 — Drawdowns") with a minimum increment of $50,000 each, and subject to a monthly maximum
• $500,000 — withdrawal amount that shall not exceed $500,000. Borrowings under the Agreement will be
• $0 — f the Company's common stock, par value $0.0001, at a price per share no lower tha
• $2.00 — 001, at a price per share no lower than $2.00 per share (any such shares, the "Conver

Filing Documents

• nixxy_8k.htm (8-K) — 33KB
• nixxy_ex1001.htm (EX-10.1) — 37KB
• 0001683168-25-006827.txt ( ) — 286KB
• nixx-20250904.xsd (EX-101.SCH) — 3KB
• nixx-20250904_def.xml (EX-101.DEF) — 26KB
• nixx-20250904_lab.xml (EX-101.LAB) — 36KB
• nixx-20250904_pre.xml (EX-101.PRE) — 25KB
• nixxy_8k_htm.xml (XML) — 5KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. On September 4, 2025, Nixxy Inc. (the "Company") entered into a Convertible Line of Credit Agreement (the "Agreement") with Siwatex O, a limited liability company incorporated in Estonia (the "Lender"), effective on September 2, 2025 (the "Effective Date"). Under the Agreement, the Lender has agreed to make available to the Company a convertible revolving line of credit in the principal amount of up to $2,000,000, that may be used to working capital and general corporate purposes of the Company and its subsidiaries (the "Credit Line"). The Company may request advances under the Credit Line ("Drawdowns") with a minimum increment of $50,000 each, and subject to a monthly maximum withdrawal amount that shall not exceed $500,000. Borrowings under the Agreement will bear interest at a fixed annual rate of 8.25%. Interest is payable quarterly in arrears, beginning 90 days after the first Drawdown, and thereafter every 90 days, with a final interest payment due twelve (12) months from the Effective Date (the "Maturity Date"). Under the Agreement, the Lender may convert any amount of interest or principal borrowed under the Agreement into shares of the Company's common stock, par value $0.0001, at a price per share no lower than $2.00 per share (any such shares, the "Conversion Shares"), with such price to only be increased under mutual agreement of the parties. Under the Agreement, if the Company files a registration statement with the Securities and Exchange Commission, the Company will, at the Lender's request, include any Conversion Shares in such registration statement. Unless previously converted, all outstanding amounts shall be repaid on the Maturity Date. The Company may extend the Maturity Date by an additional twelve (12) months, subject to an extension fee of one percent (1%) or two percent (2%) of the outstanding principal balance as of the Maturity Date. The Company may terminate the Agreement, in who

03. Creation of a Direct Financial Obligation or an Obligation

Item 2.03. Creation of a Direct Financial Obligation or an Obligation Under an Off-balance Sheet Arrangement of a Registrant. The information set forth under Item 1.01 above of this Current Report on Form 8-K is incorporated by reference in this Item 2.03.

02. Unregistered Sales of Equity Securities

Item 3.02. Unregistered Sales of Equity Securities. The information set forth under Item 1.01 above of this Current Report on Form 8-K is incorporated by reference in this Item 3.02. The shares of the Company's common stock issued, and the shares to be issued, under the Agreement were, and will be, sold pursuant to an exemption from the registration requirements under Section 4(a)(2) of the Securities Act and Rule 506 of Regulation D promulgated thereunder. The shares of common stock have not been registered under the Securities Act and may not be offered or sold in the United States in the absence of an effective registration statement or exemption from the registration requirements.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits . (d) Exhibits. Exhibit No. Exhibit Description 10.1 Convertible Line of Credit Agreement, dated September 4, 2025, between Nixxy, Inc. and Siwatex O 104 Cover Page Interactive Data File (embedded within the 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: September 10, 2025 Nixxy, Inc. By: /s/ Mike Schmidt Mike Schmidt Chief Executive Officer 3

View Full Filing

View this 8-K filing on SEC EDGAR