secwatch.observer — SEC 8-K summary
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Issuer:     Nixxy, Inc. (NIXX)
CIK:        0001462223
Form:       8-K
Filed at:   2024-09-12T23:59:59+00:00
Accession:  0001654954-24-011843
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 3.02, 5.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Recruiter.com settles ~$999K debt with shares, raises $1.75M in PIPE, ups authorized shares to 200M
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- Issued 3.97M shares to settle August 2022 notes (~$999K principal, interest & penalties); 1.39M more shares pending blocker resolution.
- Closed $1.75M of $2M registered direct offering with ZK International at $1.00/share; remaining $250K to close later.
- Authorized common shares increased from 6.67M to 200M via Articles amendment on Sept 3, 2024.
- Adopted 2024 Equity Incentive Plan covering at least 2M shares for employees, directors, and consultants.
- CEO Granger Whitelaw awarded 250,000 shares of common stock as compensatory grant.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1462223/000165495424011843/0001654954-24-011843-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1462223/000165495424011843/rcrt_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-24-011843

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