---
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"
generated_at: "2026-05-17T06:58:50.240899+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Nixxy enters $2M convertible credit line with Siwatex OÜ at 8.25%, $2.00 floor conversion price

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-25-006827
- JSON: https://secwatch.observer/filing/0001683168-25-006827.json
- Plain text: https://secwatch.observer/filing/0001683168-25-006827.txt

## Key facts
- Debt Financings
  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.
  - Instrument: revolving credit
  - Principal: up to $2,000,000
  - Counterparty: Siwatex OÜ
  - Rate: 8.25%
  - Maturity: twelve (12) months from the Effective Date
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1462223/000168316825006827/0001683168-25-006827-index.htm
- Equity Issuances
  Nixxy, Inc. issued convertible note to Siwatex OÜ for up to $2,000,000.
  - Security: convertible note
  - Purchaser: Siwatex OÜ
  - Consideration: up to $2,000,000
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1462223/000168316825006827/0001683168-25-006827-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.