Nixxy Inc. (NIXX)
NASDAQ (CM) NASDAQ (CM) Primary 
Nixxy Appoints Capital Markets Veteran Debra Chen Volpone to CEO and Board Member
NEW YORK, NY / ACCESSWIRE / January 3, 2025 / Nixxy, Inc, (Nasdaq:NIXX), or "the Company," today announced the appointment of Debra Chen Volpone as Chief Executive Officer and a member of the Board, effective immediately. This marks a pivotal step in the Company's growth strategy where she will lead the company forward through the acquisition, adoption, and development of consumer-facing AI & data-driven technologies.
Nixxy Withdraws Record Date for CognoGroup Spin-Off
NEW YORK, NY / ACCESSWIRE / December 4, 2024 / Nixxy, Inc. (NASDAQ:NIXX), or "the Company", today announced that it is withdrawing the previously announced record date for its planned spin-off of its subsidiary, Atlantic Energy Solutions (OTC:AESO) ("AESO"), or CognoGroup, the anticipated future name of the Company following the spinoff. Key Details Original Announcement Original Record Date: November 15, 2024 Originally Announced Spin-Off Date: TBD Original Distribution Ratio: TBD Reason for Withdrawal The decision to withdraw the record date is based on: Ongoing strategic evaluation of the corporate structure Pending additional regulatory reviews Optimization of shareholder value Alignment with broader strategic objectives Next Steps The company will provide an updated timeline in a subsequent announcement Shareholders are advised to await further communication All previously disclosed information remains subject to review Management Commentary "The Company believes that the withdrawal of the record date for the CognoGroup spinoff will afford the Company with the additional time to better align with its corporate aims, allow for the orderly distribution of the CognoGroup shares and maximize shareholder value.
Nixxy Details Strategic Growth, JustGot2HaveIt Acquisition Updates, and CognoGroup Spin-Off Record Date
NEW YORK, NY / ACCESSWIRE / November 1, 2024 / Nixxy, Inc, (NASDAQ:NIXX), or the Company, today provided an update to its previously announced letter of intent to acquire the wholesale gifts business JustGot2HaveIt, Inc. ("JG"), as filed on Form 8-K on October 24, 2024 (the "Letter of Intent"), further detailing strategic elements of this acquisition and clarifying its plans for an impending spin-off. Strategic Acquisition Approach The Letter of Intent aligns with Nixxy's strategic focus on acquiring businesses positioned for digital transformation.
Nixxy Announces CognoGroup Spin-Off Plans
CognoGroup Spin-Off Update NEW YORK, NY / ACCESSWIRE / October 18, 2024 / Nixxy (NASDAQ:NIXX) is moving forward with its previously announced plans to consolidate several of its assets and liabilities into Atlantic Energy Solutions (OTC:AESO), which is planned to be renamed CognoGroup ("CognoGroup"). As part of this restructuring, Nixxy will distribute shares of CognoGroup to eligible shareholders, aligning with its strategy to streamline operations and potentially unlock shareholder value.
Nixxy Signs Letter Of Intent to Acquire Privately Held Company in the Wholesale Gifts Business
The preliminary target valuation is estimated at $6 million. The transaction would be executed simultaneously with Nixxy's pending Spin-off of CognoGroup (Remaining Legacy Assets from Recruiter) The target company's Gross Merchandise Volume is projected to reach $66 million with $10 million in net revenues for 2024, pending its successful acquisition and integration.
