Nixxy, Inc. terminated its binding Letter of Intent with Tachyon 9 Corporation on July 30, 2026, to pursue other potential business opportunities without incurring early termination penalties. Concurrently, the company announced a strategic pivot toward an AI infrastructure platform initiative, reaffirming its commitment to the Nakota project. Nixxy is now negotiating directly with the developer of Nakota to procure the property and fund necessary permits, aiming for a larger ownership stake than previously contemplated under the terminated agreement. The company intends to build a long-term global definitive agreement to acquire the entire Nakota project, which integrates power generation, natural gas infrastructure, and digital capabilities for AI computing. Nixxy operates in the artificial intelligence infrastructure and advanced energy systems development industry.

On July 2, 2026, Mike Schmidt resigned as CEO and director of Nixxy, Inc. The Board immediately appointed director David Kratochvil as CEO. Kratochvil's employment agreement includes an annual base salary of $180,000 and an equity award of 100,000 stock units, with 50,000 vesting immediately and the remainder vesting quarterly over twelve months. Additionally, the company received notification from Nasdaq on July 2, 2026, that it has regained compliance with the Minimum Bid Price Requirement (Rule 5550(a)(2)) after the closing bid price remained at or above $1.00 for 10 consecutive business days from June 17 to July 1, 2026. Nixxy, Inc. is an emerging growth company listed on the NASDAQ Capital Market.

On June 29, 2026, Nixxy, Inc. announced the election of Simon Kearney to its Board of Directors. Mr. Kearney, who has extensive experience in hospitality and real estate management, was granted 50,000 shares of common stock under the 2024 Equity Incentive Plan and an annual grant of 50,000 shares vesting in quarterly installments, alongside a monthly payment of $2,500. Nixxy, Inc. is a publicly traded company operating in the technology/retail sector.