Spin-off - Nixxy, Inc.
Form Type: 10-K
Filing Date: 2025-03-31
Corporate Action: Spin-off
Type: Update
Accession Number: 000165495425003709
Filing Summary: Nixxy, Inc. is undergoing a significant strategic transformation, having sold its staffing business in 2023 and its Recruiter.com website in 2024. The company is focusing on its new telecommunications and AI technology initiatives, indicated by the acquisition of assets from Savitr Tech OU. This acquisition pertains to billing systems and AI integration. Furthermore, the CognoGroup Spin-out is part of the internal reorganization to separate the historical recruitment assets from the new tech operations, reflecting a fundamental change in the company's business focus. Recently, Nixxy has formed and structured multiple subsidiaries, including the newly established AuraLink AI, Inc. for its telecom business. As of March 31, 2025, Nixxy has also engaged in a twelve-month contract with Mexedia SpA, a technology and communications provider. All these developments position Nixxy as a telecom and AI-technology innovator while retaining partial interests in previous ventures, which represents a major business shift and reorientation of its operations toward technology-based solutions and services.
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Additional details:
Cik: 0001462223
Asset Purchase Agreement Date: 2025-02-19
Acquired Assets: Savitr Tech OU
Focus: telecommunications and software development
New Subsidiary: AuraLink AI, Inc.
Contract With: Mexedia SpA
Contract Duration: 12 months
Form Type: 8-K
Filing Date: 2024-11-01
Corporate Action: Spin-off
Type: Update
Accession Number: 000165495424013692
Filing Summary: The announcement highlights the record date for the spin-off of CognoGroup, confirming that shareholders of record as of November 15, 2024, will be eligible for the distribution of shares. The payable date for this transaction is expected in January 2025. Overall, this is a significant corporate event involving a spin-off, marking a strategic move for Nixxy, Inc.
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Additional details:
Newco Cik: 1450417
Parent Cik: 1462223
File Number: 001-53641
Access 12: 000165495424
: 0
Effective Date: 2024-10-18
Spin Off Id: 1093
Form Type: 8-K
Filing Date: 2024-10-22
Corporate Action: Spin-off
Type: New
Accession Number: 000165495424013215
Filing Summary: Nixxy, Inc.\'s recent updates on acquisitions and an intent to acquire a wholesale gifts business along with further information on consolidating assets and liabilities into another entity named CognoGroup.
Document Link: View Document
Additional details:
Newco Cik: 1450417
Parent Cik: 1462223
File Number: 001-53641
:
Effective Date: 2024-10-18
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