secwatch.observer — SEC 8-K summary
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Issuer:     Nixxy, Inc. (NIXX)
CIK:        0001462223
Form:       8-K
Filed at:   2025-09-10T23:59:59+00:00
Accession:  0001683168-25-006827
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1462223/000168316825006827/0001683168-25-006827-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1462223/000168316825006827/nixxy_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-25-006827

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