Nixxy, Inc. Files for IPO
Ticker: NIXXW · Form: S-1 · Filed: Dec 5, 2024 · CIK: 1462223
| Field | Detail |
|---|---|
| Company | Nixxy, Inc. (NIXXW) |
| Form Type | S-1 |
| Filed Date | Dec 5, 2024 |
| Risk Level | medium |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $3.21 |
| Sentiment | neutral |
Sentiment: neutral
Topics: ipo, registration-statement, stock-options
TL;DR
Nixxy (fka Recruiter.com) files S-1, IPO incoming. Min $4/share option price.
AI Summary
Nixxy, Inc. filed an S-1 form on December 5, 2024, indicating its intention to go public. The company, formerly known as Recruiter.com Group, Inc., is based in Bristol, CT, and operates in computer programming services. The filing details stock options with an exercise price of at least $4.00 per share.
Why It Matters
This S-1 filing marks Nixxy, Inc.'s official step towards becoming a publicly traded company, which could significantly impact its funding and growth trajectory.
Risk Assessment
Risk Level: medium — As a company undergoing an IPO, Nixxy faces inherent market risks and uncertainties associated with public trading and investor reception.
Key Numbers
- $4.00 — Minimum Option Exercise Price (This sets a floor for the valuation of shares granted under the 2021 Plan.)
Key Players & Entities
- Nixxy, Inc. (company) — Filer of the S-1
- Recruiter.com Group, Inc. (company) — Former name of Nixxy, Inc.
- 20241205 (date) — Filing date of the S-1
- $4.00 (dollar_amount) — Minimum exercise price for stock options
FAQ
What is the primary purpose of this S-1 filing?
The S-1 filing is submitted by Nixxy, Inc. to register its securities for public sale, marking its intention to become a publicly traded company.
When was this S-1 filing submitted?
The S-1 filing was submitted on December 5, 2024.
What was Nixxy, Inc. formerly known as?
Nixxy, Inc. was formerly known as Recruiter.com Group, Inc.
What is the minimum exercise price for stock options granted under the 2021 Plan?
The exercise price for any stock option granted under the 2021 Plan must be not less than 100% of the fair market value of the underlying shares on the date of grant and not less than $4.00 per share.
In which state was Nixxy, Inc. incorporated?
Nixxy, Inc. was incorporated in Nevada (NV).
Filing Stats: 4,433 words · 18 min read · ~15 pages · Grade level 14.2 · Accepted 2024-12-05 11:01:45
Key Financial Figures
- $3.21 — n stock at an assumed offering price of $3.21 per share, which is equal average of th
Filing Documents
- nixx_s1.htm (S-1) — 3284KB
- nixx_ex231.htm (EX-23.1) — 2KB
- nixx_ex107.htm (EX-FILING FEES) — 21KB
- nixx_s1img2.jpg (GRAPHIC) — 6KB
- 0001654954-24-015188.txt ( ) — 12751KB
- nixx-20240930.xsd (EX-101.SCH) — 123KB
- nixx-20240930_lab.xml (EX-101.LAB) — 602KB
- nixx-20240930_cal.xml (EX-101.CAL) — 24KB
- nixx-20240930_pre.xml (EX-101.PRE) — 500KB
- nixx-20240930_def.xml (EX-101.DEF) — 355KB
- nixx_s1_htm.xml (XML) — 2257KB
Use of Proceeds
Use of Proceeds 30 Plan of Distribution 30 Market for Our Common Stock and Related Stockholder Matters 31
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 32
Business
Business 44 Directors, Executive Officers and Key Employees Executive and Director Compensation 60 Principal Shareholders 63 Certain Relationships and Related Party Transactions 65
Description of Securities
Description of Securities 67 Material U.S. Federal Tax Considerations 72 Legal Matters 74 Experts 75 Where You Can Find More Information 75 You may only rely on the information contained in this prospectus or that we have referred you to. We have not authorized anyone to provide you with different information. This prospectus does not constitute an offer to sell or a solicitation of an offer to buy any securities other than the Common Stock offered by this prospectus. This prospectus does not constitute an offer to sell or a solicitation of an offer to buy any Common Stock in any circumstances in which such offer or solicitation is unlawful. Neither the delivery of this prospectus nor any sale made in connection with this prospectus shall, under any circumstances, create any implication that there has been no change in our affairs since the date of this prospectus is correct as of any time after its date. Unless the context otherwise requires, we use the terms "we," "us," "the Company", and "our" to refer to Nixxy, Inc. and its consolidated subsidiaries. iv Table of Contents CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This prospectus contains forward-looking statements. Forward-looking statements give our current expectations or forecasts of future events. You can identify these statements by the fact that they do not relate strictly to historical or current facts. Forward-looking statements involve risks and uncertainties and include statements regarding, among other things, our projected revenue growth and profitability, our growth strategies and opportunity, anticipated trends in our market and our anticipated needs for working capital. They are generally identifiable by use of the words "may," "will," "should," "anticipate," "estimate," "plans," "potential," "projects," "continuing," "ongoing," "expects," "management believes," "we believe," "we intend" or the negative of these words or other variations on these words or compara