Recruiter.com Group sells domain to Job Mobz, converts debt to equity, and plans spin-out

Nixxy, Inc.

Sold domain Recruiter.com and related assets to Job Mobz Inc. under an Asset Purchase Agreement, removing shareholder approval condition.
Board authorized conversion of promissory notes (original amounts $1,111,111 and $1,305,556) to equity and retirement of warrant exercise.
Eliminated cash severance obligations for executives Evan Sohn and Miles Jennings, replacing with $300,000 each in stock compensation.
Board authorized spin-out of Atlantic Energy Solutions (renamed CognoGroup) and possible name change for Recruiter.com Group.

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