Recent Updates — NIXX
On October 19, 2026, the Board of Directors appointed Robert Reda as a director, effective immediately. Mr. Reda will serve as Chair of the Nominations Committee and as a member of the Audit and Compensation Committees. In connection with his appointment, he received an initial grant of 50,000 shares of common stock under the Company’s 2025 Equity Incentive Plan, along with annual grants of 50,000 shares vesting quarterly and a monthly cash retainer of $2,500. Simultaneously, Lillian Mbeki resigned from the Board for the same effective date. Her resignation was not due to any disagreement regarding operations or policies. Nixxy operates in the technology sector.
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.
On August 28, 2026, the Board of Directors terminated MeiLin Yu as Chief Financial Officer effective immediately. The company has identified a potential successor and will file an update once appointed. Nixxy, Inc. operates in the technology sector.
Nixxy, Inc. entered into a binding Letter of Intent with Tachyon 9 Corporation to execute a multi-step business combination, resulting in a digital infrastructure platform company focused on AI and high-performance computing. Tachyon is estimated to be valued at approximately $1 billion, with Tachyon stockholders to hold at least 90% of the combined company. Additionally, the Company is conducting a registered direct offering of 484,375 shares of common stock at $0.64 per share for gross proceeds of $310,000. Nixxy, Inc. operates in the digital infrastructure and technology sector.
Nixxy, Inc. (NIXX) announced a binding Letter of Intent (LOI) with Tachyon9 to create a NASDAQ-listed AI hyperscale infrastructure and energy platform. The company aims to business buildout of $1 billion. Nixxy, Inc. operates in the technology sector, focusing on AI infrastructure and energy platforms.