secwatch.observer — SEC 8-K summary
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Issuer:     Nixxy, Inc. (NIXX)
CIK:        0001462223
Form:       8-K
Filed at:   2024-09-24T23:59:59+00:00
Accession:  0001654954-24-012243
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.01, 3.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Recruiter.com closes sale of website to Job Mobz for $1.39M; settles $720K debt with 720K shares
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- Completed sale of www.recruiter.com and associated IP to Job Mobz for total cash consideration of $1,393,430.
- $1,379,496 allocated to close out Master Referral Agreement; $13,934 for IP acquisition.
- Repaid senior debt: $684,552 cash to Montage; issued 720,000 shares to settle $720K remaining balance.
- CEO Granger Whitelaw says transaction strengthens balance sheet and provides flexibility for future initiatives.
- Investor communications transitioning over next 30 days due to website sale; new investor site to be launched.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1462223/000165495424012243/0001654954-24-012243-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1462223/000165495424012243/rcrt_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-24-012243

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