---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-23-011550"
form_type: "8-K"
ticker: "NIXX"
cik: "0001462223"
company_name: "Nixxy, Inc."
filed_at: "2023-09-05T23:59:59+00:00"
generated_at: "2026-06-10T23:53:56.505132+00:00"
event_type: "m_and_a"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Recruiter.com amends GoLogiq deal; CEO change, milestone-based dilution up to 84%

## Summary
- At closing, seller receives 19.99% of RCRT shares (16.66% post-issue).
- Revenue milestones: $2M (6 mo) -> 40% ownership; $4M (9 mo) -> 64%; $6M (12 mo) -> 84% fully diluted.
- Earn-out: if market cap exceeds $105M on 6-month date, seller gets additional shares based on tiers up to 90% of excess.
- Granger Whitelaw (GoLogiq CEO) to become CEO of Recruiter.com after closing; one board seat to seller nominee.
- Amendment replaces August 18 version; transaction originally disclosed June 5, 2023.

## SEC filing metadata
- accession: 0001654954-23-011550
- form_type: 8-K
- ticker: NIXX
- cik: 0001462223
- company_name: Nixxy, Inc.
- filed_at: 2023-09-05T23:59:59+00:00
- event_type: m_and_a
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1462223/000165495423011550/0001654954-23-011550-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1462223/000165495423011550/rcrt_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-23-011550
- JSON: https://secwatch.observer/filing/0001654954-23-011550.json
- Plain text: https://secwatch.observer/filing/0001654954-23-011550.txt

## Key facts
- Material Agreements
  Nixxy, Inc. amended Amendment to Stock Purchase Agreement with GoLogiq Inc. valued at 19.99% of the number of issued and outstanding shares of the Buyer Common Stock on the business day (effective 2023-08-29).
  - Action: amendment
  - Agreement: merger
  - Counterparty: GoLogiq Inc.
  - Value: 19.99% of the number of issued and outstanding shares of the Buyer Common Stock on the business day
  - Effective: 2023-08-29
  source text: On August 29, 2023, the Buyer and the Seller entered into that certain Amendment to Stock Purchase Agreement with the Seller (the "August 29 th Amendment").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1462223/000165495423011550/0001654954-23-011550-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.