secwatch.observer — SEC 8-K summary
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Issuer:     Nixxy, Inc. (NIXX)
CIK:        0001462223
Form:       8-K
Filed at:   2024-04-02T23:59:59+00:00
Accession:  0001654954-24-004185
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02
LLM model:  deepseek-v4-flash:cloud@v2

Recruiter.com converts $245,884 note into stock; amends GoLogiq license, adds warrant
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- Converted $245,884.53 of Parrut promissory note into 168,414 shares at $1.46/share, satisfying all amounts.
- Amendment to GoLogiq tech license lowers royalty from 8% to 5% of net sales.
- Issued warrant to GOLQ for 292,000 shares at $0.01/share, exercisable in 6 months, with 9.99% blocker.
- GOLQ to provide up to 10 man-days free technical assistance, plus paid support thereafter.
- Unregistered shares issued under Section 4(a)(2) and Rule 506; no public offering.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1462223/000165495424004185/0001654954-24-004185-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1462223/000165495424004185/rcrt_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-24-004185

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer