{"schema_version":"secwatch.filing_event.v1","accession":"0001683168-25-006827","form_type":"8-K","ticker":"NIXX","cik":"0001462223","company_name":"Nixxy, Inc.","filed_at":"2025-09-10T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.032143+00:00","generated_at":"2026-05-17T06:58:50.240899+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Nixxy enters $2M convertible credit line with Siwatex OÜ at 8.25%, $2.00 floor conversion price","bullets":["Up to $2M revolving convertible line; monthly drawdown cap of $500K, minimum $50K.","Interest at 8.25% fixed rate, payable quarterly in cash or shares at lender's option.","Conversion price floor of $2.00 per share; lender may convert principal at any time.","Maturity 12 months from Sept 2, 2025; extendable 12 months with 1-2% fee.","Proceeds used for working capital, general corporate purposes and acquisitions."],"urls":{"canonical":"https://secwatch.observer/filing/0001683168-25-006827","json":"https://secwatch.observer/filing/0001683168-25-006827.json","markdown":"https://secwatch.observer/filing/0001683168-25-006827.md","text":"https://secwatch.observer/filing/0001683168-25-006827.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1462223/000168316825006827/0001683168-25-006827-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1462223/000168316825006827/nixxy_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T06:58:50.240899+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"1bd1165f9bc70234aaee13e97fa3ae4e139377c0","claim":"Nixxy, Inc. incurred revolving credit of up to $2,000,000 with Siwatex OÜ at 8.25% maturing twelve (12) months from the Effective Date.","evidence_excerpt":"On September 4, 2025, Nixxy Inc. (the “Company”) entered into a Convertible Line of Credit Agreement (the “Agreement”) with Siwatex OÜ, a limited liability company incorporated in Estonia (the “Lender”), effective on September 2, 2025 (the “Effective Date”). Under the Agreement, the Lender has agreed to make available to the Company a convertible revolving line of credit in the principal amount of up to $2,000,000, that may be used to working capital and general corporate purposes of the Company and its subsidiaries (the “Credit Line”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1462223/000168316825006827/0001683168-25-006827-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"up to $2,000,000"},{"label":"Counterparty","value":"Siwatex OÜ"},{"label":"Rate","value":"8.25%"},{"label":"Maturity","value":"twelve (12) months from the Effective Date"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"e4509da04507a0c2158e78f335f3205b5f7ccab3","claim":"Nixxy, Inc. issued convertible note to Siwatex OÜ for up to $2,000,000.","evidence_excerpt":"the Lender has agreed to make available to the Company a convertible revolving line of credit in the principal amount of up to $2,000,000","evidence_source":"SEC 8-K Item 3.02/3.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/1462223/000168316825006827/0001683168-25-006827-index.htm","confidence":0.4,"family_label":"Equity Issuances","details":[{"label":"Security","value":"convertible note"},{"label":"Purchaser","value":"Siwatex OÜ"},{"label":"Consideration","value":"up to $2,000,000"}],"fact_type":"equity_issuance"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}