Nixxy Commences Private Offering of up to $50 million of Bitcoin Secured Convertible Notes
Nixxy (NASDAQ:NIXX) has announced the commencement of a private offering of up to $50 million in zero-coupon convertible notes to accredited investors. The notes will mature one year from issuance and feature a conversion price of $7.50 per share of common stock. The conversion amount will be determined based on Bitcoin's historical volume weighted average price.
The notes will be purchased and secured with Bitcoin. Nixxy will grant noteholders customary registration rights for shares issuable upon note conversion. The offering, including the notes and potential conversion shares, has not been registered under the Securities Act of 1933 and cannot be sold without registration or applicable exemption.
Nixxy (NASDAQ:NIXX) ha annunciato l'inizio di un'offerta privata fino a 50 milioni di dollari in note convertibili a zero coupon per investitori accreditati. Le note scadranno un anno dopo l'emissione e avranno un prezzo di conversione di 7,50 dollari per azione di azioni ordinarie. L'importo della conversione sarà determinato in base al prezzo medio ponderato per volume storico di Bitcoin.
Le note saranno acquistate e garantite con Bitcoin. Nixxy concederà ai detentori delle note diritti di registrazione consueti per le azioni emesse in seguito alla conversione delle note. L'offerta, comprese le note e le potenziali azioni di conversione, non è stata registrata ai sensi del Securities Act del 1933 e non può essere venduta senza registrazione o esenzione applicabile.
Nixxy (NASDAQ:NIXX) ha anunciado el inicio de una oferta privada de hasta 50 millones de dólares en notas convertibles sin cupón para inversores acreditados. Las notas vencerán un año después de la emisión y tendrán un precio de conversión de 7,50 dólares por acción de acciones ordinarias. El monto de conversión se determinará en función del precio medio ponderado por volumen histórico de Bitcoin.
Las notas serán compradas y garantizadas con Bitcoin. Nixxy otorgará a los tenedores de notas derechos de registro habituales para las acciones emitibles al momento de la conversión de las notas. La oferta, incluidas las notas y las posibles acciones de conversión, no ha sido registrada bajo la Ley de Valores de 1933 y no puede ser vendida sin registro o alguna exención aplicable.
Nixxy (NASDAQ:NIXX)는 공인 투자자를 대상으로 5천만 달러까지의 제로 쿠폰 전환 노트의 비공식판매를 시작한다고 발표했습니다. 이 노트는 발행일로부터 1년 후에 만기가 되며, 보통주 1주당 7.50 달러의 전환 가격을 특징으로 합니다. 전환 금액은 비트코인의 이전 거래량 가중 평균 가격을 기준으로 결정될 것입니다.
이 노트는 비트코인으로 구매 및 담보됩니다. Nixxy는 전환 시 발행될 주식에 대한 전통적인 등록 권리를 노트 보유자에게 부여할 것입니다. 이번 제안은 노트와 전환 주식을 포함해 1933년 증권법에 따라 등록되지 않았으며, 등록이나 적용 가능한 면허 없이 판매될 수 없습니다.
Nixxy (NASDAQ:NIXX) a annoncé le lancement d'une offre privée pouvant atteindre 50 millions de dollars en obligations convertibles sans coupon pour les investisseurs accrédités. Les obligations arriveront à échéance un an après leur émission et auront un prix de conversion de 7,50 dollars par action ordinaire. Le montant de la conversion sera déterminé en fonction du prix moyen pondéré par le volume historique de Bitcoin.
Les obligations seront achetées et garanties par Bitcoin. Nixxy accordera aux détenteurs d'obligations les droits d'enregistrement habituels pour les actions qui pourront être émises lors de la conversion des obligations. L'offre, incluant les obligations et les actions potentielles de conversion, n'a pas été enregistrée en vertu de la loi sur les valeurs mobilières de 1933 et ne peut pas être vendue sans enregistrement ou exemption applicable.
Nixxy (NASDAQ:NIXX) hat den Beginn eines privaten Angebots von bis zu 50 Millionen Dollar in nullkupon-fälligen Wandelanleihen für akkreditierte Investoren bekannt gegeben. Die Anleihen werden ein Jahr nach der Emission fällig und haben einen Wandelpreis von 7,50 Dollar pro Aktie der Stammaktien. Der Umwandlungsbetrag wird basierend auf dem historischen volumengewichteten Durchschnittspreis von Bitcoin bestimmt.
Die Anleihen werden mit Bitcoin gekauft und gesichert. Nixxy gewährt den Anleiheinhabern übliche Registrierungsrechte für die bei der Umwandlung der Anleihen auszugebenden Aktien. Das Angebot, einschließlich der Anleihen und potenzieller Umwandlungsaktien, ist nicht gemäß dem Securities Act von 1933 registriert und kann ohne Registrierung oder anwendbare Ausnahmen nicht verkauft werden.
- Zero-coupon structure eliminates regular interest payments
- Bitcoin-backed security structure provides asset backing
- Potential to raise up to $50 million in funding
- Potential dilution for existing shareholders upon conversion
- Exposure to Bitcoin price volatility risk
- Unregistered offering to accredited investors only
Insights
This
The Bitcoin-secured aspect is particularly intriguing - it effectively creates a crypto-backed debt instrument that provides downside protection for investors while offering equity upside through the conversion feature. However, this also exposes the company to Bitcoin's price volatility. The one-year maturity suggests this is a bridge financing solution, possibly indicating near-term capital needs.
The private placement structure to accredited investors, while limiting liquidity, reduces regulatory burden and speeds up the capital raising process. The registration rights provision offers a pathway to future liquidity for investors. The zero-coupon feature means no periodic interest payments, conserving cash flow, but the full principal becomes due at maturity if not converted.
This financing structure represents an innovative fusion of traditional convertible securities with crypto-asset backing. Using Bitcoin as both purchase currency and collateral creates a unique risk-reward profile. The historical volume weighted average price mechanism for Bitcoin suggests a dynamic conversion feature that could protect investors from crypto market volatility while maintaining upside exposure to both Bitcoin and Nixxy's equity.
For simplicity: Think of this like a house mortgage, but instead of your house being the collateral, it's Bitcoin. If the company can't pay back the loan, the investors get the Bitcoin. Meanwhile, they can also choose to become shareholders if Nixxy's stock performs well.
The absence of interest payments (zero-coupon) could indicate confidence in either Bitcoin's appreciation potential or Nixxy's equity upside. However, this also concentrates risk at maturity, when the full Bitcoin-denominated obligation comes due. The structure could appeal to Bitcoin holders looking to maintain crypto exposure while gaining potential equity upside in the blockchain technology sector.
NEW YORK, NY / ACCESS Newswire / January 21, 2025 / Nixxy, Inc, (NASDAQ:NIXX), or "Nixxy" or the "Company," today announced it has commenced a private offering (the "Offering"), subject to market and other conditions, of up to
In addition, Nixxy plans to grant the noteholders certain customary registration rights with respect to the shares of Common Stock issuable upon conversion of the notes.
The offer and sale of the notes and the shares of Common Stock issuable upon conversion of the notes, if any, have not been registered under the Securities Act of 1933, as amended, or the securities laws of any other jurisdiction, and the notes and any such shares of Common Stock issuable upon conversion thereof may not be offered or sold absent registration or an applicable exemption from such registration requirements.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy any securities, including the notes or Common Stock, nor shall there be any sale of securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Nixxy
Nixxy is a holding company committed to transforming traditional markets through advanced technology and data-driven insights. By acquiring cornerstone businesses in established industries and evolving their conventional operations with innovative solutions, Nixxy aims to unlock potential growth opportunities.
Forward-Looking Statements Disclaimer
This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking statements, including those regarding the proposed convertible notes offering described in this press release. Words such as ‘anticipates,' ‘believes,' ‘expects,' ‘intends,' ‘plans,' and ‘may,' or similar expressions, are intended to identify forward-looking statements. These statements are based on the Company's current expectations and beliefs and involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, as they involve inherent risks and uncertainties. The Company disclaims any obligation to update or revise forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.
Investor Contact
SOURCE: Nixxy, Inc.
View the original press release on ACCESS Newswire
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