Leadership & Pay ·
Nixxy, Inc. received a notice from Nasdaq on September 1, 2026, indicating non-compliance with the minimum bid price…
NIXXNixxy, Inc.
Nixxy, Inc. received a notice from Nasdaq on September 1, 2026, indicating non-compliance with the minimum bid price requirement due to its consolidated closing bid price falling below $1.00 for 30 consecutive business days. The company has been granted a 180-day grace period to regain compliance by maintaining a bid price of at least $1.00 for ten consecutive business days. Concurrently, the Board appointed Joe Conlon as a director and Audit Committee Chairman, granting him 50,000 shares upon appointment and an annual grant of 50,000 shares plus a $3,000 monthly fee. Elsa Sung was appointed Chief Financial Officer with a $169,800 base salary and eligibility for 100,000 stock units, while resigning as Audit Committee Chairwoman. Ashissh Raichura resigned from the Board effective August 31, 2026. Nixxy, Inc. operates in the technology sector, specifically developing digital health solutions.