Nixxy shares fall as co reports CognoGroup spin-off plans [Seeking Alpha]
Nixxy, Inc. (NIXX)
Company Research
Source: Seeking Alpha
NIXX premarket to $2.46. As part of this restructuring, Nixxy will distribute shares of CognoGroup to eligible shareholders. After the planned spin-out, CognoGroup's portfolio will include several AI-driven ventures designed to empower individuals and industries, Nixxy ( NIXX ) said in a statement. These businesses include CandidatePitch, an automated talent marketing tool; Mediabistro, a media industry job board; AI Exchange, a community with over one million members focused on AI discussions; and PrimeGPU, an early-stage venture currently in stealth mode. Investors representing approximately 75% of Nixxy's outstanding shares have verbally waived participation in the distribution of the spin-out shares. On Thursday, Nixxy ( NIXX ) said it would acquire a privately held wholesale gifts business , and targets an enterprise value of over $1 billion over the next 36 months. Source: Press Release More on Nixxy Financial information for Recruiter.com Group Recommended Fo
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News
- Nixxy Details Strategic Growth, JustGot2HaveIt Acquisition Updates, and CognoGroup Spin-Off Record DateAccesswire
- Nixxy Announces CognoGroup Spin-Off PlansAccesswire
- Nixxy Signs Letter Of Intent to Acquire Privately Held Company in the Wholesale Gifts BusinessAccesswire
- Nixxy Issues Shareholder Update For Strategic Focus And Acquisition ProgressAccesswire