---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-26-000143"
form_type: "8-K"
ticker: "NIXX"
cik: "0001462223"
company_name: "Nixxy, Inc."
filed_at: "2026-01-07T23:59:59+00:00"
generated_at: "2026-05-16T11:20:24.981621+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Nixxy completes spin-out of CognoGroup, retains ~19.99% ownership

## Summary
- Nixxy separated its legacy Marketplace business into CognoGroup (OTC: CGNO); Nixxy holds ~19.99% fully diluted equity.
- Press release on Jan 5, 2026 cites enhanced strategic focus on AI communications infrastructure and reduced operating costs.
- Nixxy intends to file Form 10 to distribute remaining CognoGroup shares pro rata to eligible shareholders.
- CEO Mike Schmidt says the spin-out improves operating leverage as Nixxy scales its AI platform into 2026.
- The separation follows a year of rapid revenue growth and platform scaling for Nixxy.

## SEC filing metadata
- accession: 0001683168-26-000143
- form_type: 8-K
- ticker: NIXX
- cik: 0001462223
- company_name: Nixxy, Inc.
- filed_at: 2026-01-07T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1462223/000168316826000143/0001683168-26-000143-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1462223/000168316826000143/nixxy_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-26-000143
- JSON: https://secwatch.observer/filing/0001683168-26-000143.json
- Plain text: https://secwatch.observer/filing/0001683168-26-000143.txt

## Key facts
- Material Agreements
  Nixxy, Inc. entered into Master Distribution Agreement with CognoGroup, Inc. valued at Distribution of all outstanding shares of CognoGroup common stock to stockholders (effective 2025-12-31).
  - Action: entry
  - Agreement: supply
  - Counterparty: CognoGroup, Inc.
  - Value: Distribution of all outstanding shares of CognoGroup common stock to stockholders
  - Effective: 2025-12-31
  source text: On December 31, 2025, Nixxy, Inc. (the “Company”) entered into a Master Distribution Agreement (the “Distribution Agreement”) with CognoGroup, Inc., a Colorado corporation and majority-owned subsidiary of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1462223/000168316826000143/0001683168-26-000143-index.htm

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