Nixxy Provides Business Update, Including Contract Developments and Regulatory Filing Withdrawal
Nixxy (NASDAQ:NIXX) has announced key business updates regarding its contract with Mexedia SpA and regulatory filings. The company projects revenue generation from the Mexedia Contract to commence in March 2025, with an anticipated monthly revenue run rate of $25-27 million as operations scale, subject to market conditions and execution.
Additionally, Nixxy has voluntarily withdrawn its Form S-1 Registration Statement (File No. 333-283625) filed on December 5, 2024. The withdrawal decision was made in shareholders' best interests as the additional facility is no longer required. No securities were sold in connection with the Registration Statement, which had not been declared effective by the SEC.
Nixxy (NASDAQ:NIXX) ha annunciato aggiornamenti chiave riguardanti il suo contratto con Mexedia SpA e le pratiche normative. L'azienda prevede che la generazione di entrate dal contratto con Mexedia inizierà a partire da marzo 2025, con un tasso di entrate mensili previsto di 25-27 milioni di dollari man mano che le operazioni si espandono, soggetto a condizioni di mercato ed esecuzione.
Inoltre, Nixxy ha ritirato volontariamente il suo Modulo di Registrazione S-1 (File No. 333-283625) presentato il 5 dicembre 2024. La decisione di ritirare è stata presa nel migliore interesse degli azionisti poiché l'ulteriore struttura non è più necessaria. Non sono stati venduti titoli in relazione al Modulo di Registrazione, che non era stato dichiarato efficace dalla SEC.
Nixxy (NASDAQ:NIXX) ha anunciado actualizaciones clave sobre su contrato con Mexedia SpA y los trámites regulatorios. La compañía proyecta que la generación de ingresos del contrato con Mexedia comenzará en marzo de 2025, con una tasa de ingresos mensual anticipada de 25-27 millones de dólares a medida que las operaciones se escalen, sujeto a las condiciones del mercado y a la ejecución.
Además, Nixxy ha retirado voluntariamente su Declaración de Registro Formulario S-1 (Archivo No. 333-283625) presentada el 5 de diciembre de 2024. La decisión de retiro se tomó en el mejor interés de los accionistas, ya que la instalación adicional ya no es necesaria. No se vendieron valores en relación con la Declaración de Registro, que no había sido declarada efectiva por la SEC.
Nixxy (NASDAQ:NIXX)는 Mexedia SpA와의 계약 및 규제 서류에 대한 주요 비즈니스 업데이트를 발표했습니다. 회사는 Mexedia 계약으로부터의 수익 창출이 2025년 3월부터 시작될 것으로 예상하며, 운영이 확대됨에 따라 예상 월간 수익률은 2500만~2700만 달러입니다. 이는 시장 상황과 실행에 따라 달라질 수 있습니다.
또한 Nixxy는 2024년 12월 5일에 제출된 S-1 등록 서류(Form S-1 Registration Statement, 파일 번호 333-283625)를 자발적으로 철회했습니다. 철회 결정은 추가 시설이 더 이상 필요하지 않기 때문에 주주들의 최선의 이익을 위해 내려졌습니다. 등록 서류와 관련하여 증권은 판매되지 않았으며, SEC에 의해 효력이 발생하지 않았습니다.
Nixxy (NASDAQ:NIXX) a annoncé des mises à jour clés concernant son contrat avec Mexedia SpA et les dépôts réglementaires. La société prévoit que la génération de revenus du contrat Mexedia commencera en mars 2025, avec un taux de revenus mensuel anticipé de 25-27 millions de dollars à mesure que les opérations se développent, sous réserve des conditions du marché et de l'exécution.
De plus, Nixxy a volontairement retiré sa Déclaration d'Enregistrement Formulaire S-1 (Numéro de dossier 333-283625) déposée le 5 décembre 2024. La décision de retrait a été prise dans le meilleur intérêt des actionnaires, car l'installation supplémentaire n'est plus nécessaire. Aucun titre n'a été vendu en relation avec la Déclaration d'Enregistrement, qui n'avait pas été déclarée effective par la SEC.
Nixxy (NASDAQ:NIXX) hat wichtige Geschäftsnachrichten bezüglich seines Vertrags mit Mexedia SpA und den regulatorischen Einreichungen bekannt gegeben. Das Unternehmen rechnet damit, dass die Einnahmen aus dem Mexedia-Vertrag im März 2025 beginnen werden, mit einer erwarteten monatlichen Einnahmenrate von 25-27 Millionen Dollar, während die Operationen skaliert werden, vorbehaltlich der Marktbedingungen und der Ausführung.
Zusätzlich hat Nixxy freiwillig seine S-1 Registrierungsanmeldung (Dateinummer 333-283625), die am 5. Dezember 2024 eingereicht wurde, zurückgezogen. Die Entscheidung zum Rückzug wurde im besten Interesse der Aktionäre getroffen, da die zusätzliche Einrichtung nicht mehr erforderlich ist. Es wurden keine Wertpapiere im Zusammenhang mit der Registrierungsanmeldung verkauft, die von der SEC nicht für wirksam erklärt wurde.
- Projected monthly revenue of $25-27M from Mexedia contract starting March 2025
- Strategic withdrawal of S-1 Registration Statement prevents potential shareholder dilution
- Revenue projections subject to market conditions and execution risks
Insights
Nixxy's latest business update reveals a potentially transformative revenue opportunity that creates a striking financial disconnect. The company projects a $25-27 million monthly revenue run rate from its Mexedia Contract starting March 2025, implying potential annual revenue of $300-324 million - approximately 14 times its current $22.1 million market capitalization.
This extraordinary revenue-to-market-cap disparity suggests either:
- The market significantly discounts Nixxy's ability to execute on these projections
- Investors anticipate extremely thin profit margins on this contract
- The market requires more concrete evidence before pricing in these revenue projections
The announcement lacks critical details about the nature of the Mexedia contract, the specific technology assets acquired, expected profit margins, or Nixxy's operational capacity to deliver at this scale. The company's careful language including "subject to market conditions" and "actual results may vary" suggests appropriate caution about execution risks.
Simultaneously withdrawing their S-1 registration statement (originally filed December 2024) indicates Nixxy no longer needs the additional financing facility. This could reflect improved financial positioning, alternative funding sources, or strategic pivoting based on this new contract opportunity.
The timing of these dual announcements - projecting significant revenue while canceling planned financing - creates an unusual dynamic that warrants close monitoring of the company's ability to translate these projections into actual financial performance in the coming quarters.
NEW YORK CITY, NY / ACCESS Newswire / February 27, 2025 / Nixxy (Nasdaq:NIXX), the "Company," today provided a business update, including developments related to its recently announced contract with Mexedia SpA (the "Mexedia Contract") and the utilization of newly acquired technology assets.
Projected Revenue Contribution Beginning in March
The Company believes it will begin generating revenue from the Mexedia Contract in March 2025, marking a significant step forward in its growth strategy and expansion plans. The Company anticipates that, as it scales operations in this business line, it can achieve a projected monthly revenue run rate of approximately
Withdrawal of Form S-1 Registration Statement
On February 26, 2025, the Company also voluntarily withdrew its Registration Statement on Form S-1, filed on December 5, 2024, File No. 333-283625 (the "Registration Statement"). The Company believes that withdrawing the Registration Statement is in the shareholders' best interests, as the additional facility is no longer needed. The United States Securities and Exchange Commission has not declared the Registration Statement effective. No securities were sold in connection with the transactions contemplated by the Registration Statement.
About Nixxy
Nixxy, Inc. (Nasdaq:NIXX) is committed to transforming traditional markets through cutting-edge technology and data-driven insights. By acquiring cornerstone businesses in established industries and evolving their operations with innovation, Nixxy unlocks new potential and creates opportunities for transformative growth. The company focuses on sectors poised for digital innovation, leveraging data and technology to disrupt conventional business models and drive progress.
Contact Information
Investor Relations
Nixxy
ir@nixxy.com
https://www.nixxy.com
Forward-Looking Statements Disclaimer
This press release contains 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, but not limited to, those regarding the Company's business strategy, future operations, acquisition strategy, financial position, potential growth, spin-out transactions, and market opportunities.
Forward-looking statements are based on current expectations, estimates, and projections, and involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied. These risks and uncertainties include, but are not limited to, market conditions, business execution, integration of new assets, regulatory developments, and other risk factors described in the Company's filings with the Securities and Exchange Commission, including its most recent reports on Form 10-K and Form 10-Q.
Words such as "anticipates," "believes," "expects," "intends," "plans," "may," "will," and similar expressions are intended to identify forward-looking statements, but the absence of these words does not mean a statement is not forward-looking.
Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.
No Offer or Solicitation Disclaimer
This communication is not intended to and does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.
Risk Factors
Investors should carefully consider the risks, uncertainties, and assumptions associated with the Company's business, including the execution risks related to entering a new line of business and integrating recently acquired software. The Company currently has no revenue from the telecommunications line of business, and its ability to generate revenue and achieve profitability in this area depends on the successful execution of its business strategy, including the commercialization of its newly acquired technology, customer adoption, and operational scaling. There is no guarantee that the Company will be able to effectively integrate the acquired software, develop a viable market for its offerings, or realize anticipated synergies. The Company also faces risks related to market conditions, competition, evolving industry standards, and regulatory developments, which could impact its growth prospects. Additionally, the planned spin-out transaction involves uncertainties regarding timing, regulatory approvals, and overall market reception. Financial and liquidity risks, including the availability of capital and access to financing, may also affect the Company's ability to support this business expansion. These and other risks are detailed in the Company's filings with the U.S. Securities and Exchange Commission, including its most recent reports on Form 10-K and Form 10-Q. Actual results may differ materially due to known and unknown factors, and investors are urged to review the Company's SEC filings and conduct their own due diligence before making investment decisions.
Trademarks and Intellectual Property
All trademarks, service marks, and trade names used in this press release are the property of their respective owners.
SOURCE: Nixxy, Inc.
View the original press release on ACCESS Newswire
FAQ
What is the expected monthly revenue from Nixxy's (NIXX) Mexedia contract?
Why did Nixxy (NIXX) withdraw its Form S-1 Registration Statement?
When will Nixxy (NIXX) start generating revenue from the Mexedia contract?
Were any securities sold under Nixxy's (NIXX) withdrawn S-1 Registration?
