{"schema_version":"secwatch.filing_event.v1","accession":"0001654954-23-011142","form_type":"8-K","ticker":"NIXX","cik":"0001462223","company_name":"Nixxy, Inc.","filed_at":"2023-08-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:33.994853+00:00","generated_at":"2026-06-11T05:32:52.953672+00:00","sec_items":["1.01","2.03","3.01","9.01"],"event_type":"m_and_a","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Recruiter.com sells domain and platform to Job Mobz for $1.8M; Nasdaq deficiency notice","bullets":["Asset sale price $1.8M: $1.5M at closing, $150K due 2 months post-close, $150K due 4 months post-close.","Loan amendment with Montage extends maturity to earlier of 4 months post-close or Feb 28, 2024; consents to sale.","Nasdaq notified company of min. stockholders' equity non-compliance (<$2.5M); compliance plan due Oct. 2, 2023.","Closing expected Nov. 1, 2023; Buyer also receives 10% of Job Mobz Series A Preferred stock.","Sale provides cash but company faces potential delisting if equity plan not accepted."],"urls":{"canonical":"https://secwatch.observer/filing/0001654954-23-011142","json":"https://secwatch.observer/filing/0001654954-23-011142.json","markdown":"https://secwatch.observer/filing/0001654954-23-011142.md","text":"https://secwatch.observer/filing/0001654954-23-011142.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1462223/000165495423011142/0001654954-23-011142-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1462223/000165495423011142/rcrt_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T05:32:52.953672+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"23d4a90cf0b3e959b213795684e7950080e9e603","claim":"Nixxy, Inc. amended credit facility with Montage Capital II, L.P. maturing the earlier of (i) the four month anniversary of the initial closing of the Purchase Agreement or (ii) February 28, 2024.","evidence_excerpt":"The Montage Amendment modifies that certain Loan and Security Agreement by and among the Company, its subsidiaries, and Montage, as amended (the “Loan and Security Agreement”) to join CognoGroup, Inc. as an additional borrower to the Loan and Security Agreement and amend and restate the definition of “Maturity Date” to the earlier of (i) the four month anniversary of the initial closing of the Purchase Agreement or (ii) February 28, 2024.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1462223/000165495423011142/0001654954-23-011142-index.htm","confidence":0.7,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Counterparty","value":"Montage Capital II, L.P."},{"label":"Maturity","value":"the earlier of (i) the four month anniversary of the initial closing of the Purchase Agreement or (ii) February 28, 2024"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"d3ac6f6d4eeb65e490e194d612f619396f7a56e6","claim":"Nixxy, Inc. received a nasdaq deficiency notice notice regarding stockholders equity (rules 5550(b)(1)).","evidence_excerpt":"On August 17, 2022, the Company received a notification letter from the Nasdaq Listing Qualifications Staff (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that it is not in compliance with the minimum stockholders’ equity requirements set forth in Nasdaq Listing Rule 5550(b)(1) (the “Minimum Stockholders’ Equity Requirement”) because (i) its stockholders’ equity as reported in its Quarterly Report on Form 10-Q for the period ended June 30, 2023 was not at least $2,500,000 and (ii) the Company does not currently meet the alternatives of market value of listed sec","evidence_source":"SEC 8-K Item 3.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1462223/000165495423011142/0001654954-23-011142-index.htm","confidence":0.99,"family_label":"Listing & Compliance Notices","details":[{"label":"Exchange","value":"nasdaq"},{"label":"Notice","value":"deficiency notice"},{"label":"Deficiency","value":"stockholders equity"},{"label":"Rules","value":"5550(b)(1)"}],"fact_type":"exchange_compliance_notice"},{"claim_id":"d4778b334fb7807d272681812aef41fd26a2f260","claim":"Nixxy, Inc. entered into Asset Purchase Agreement with Job Mobz Inc. valued at $1,800,000 (effective 2023-08-16).","evidence_excerpt":"On August 16, 2023, Recruiter.com Group, Inc. (the “Company”) entered into an Asset Purchase Agreement (the “Purchase Agreement”) with Job Mobz Inc., a California corporation (“Job Mobz”). Upon the terms and subject to the conditions of the Purchase Agreement, the Company has agreed to sell and assign its right, title, and interest in the domain name www.Recruiter.com and the assets generally used to operate the business associated therewith (the “Purchased Assets”) to Job Mobz for an aggregate purchase price of $1,800,000, subject to certain adjustments provided therein.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1462223/000165495423011142/0001654954-23-011142-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"Job Mobz Inc."},{"label":"Value","value":"$1,800,000"},{"label":"Effective","value":"2023-08-16"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}