Nixxy Inc.

04/25/2025 | Press release | Distributed by Public on 04/25/2025 14:50

Failure to Satisfy Listing Rule (Form 8-K)

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

On April 23, 2025, Nixxy, Inc. (the "Company") received a letter from the Nasdaq Stock Exchange informing them that it did not adopt a written policy for the recovery of erroneously awarded compensation as required by Listing Rule 5608(b)(1), and did not disclose the policy in either the Form 10-K for the fiscal years ended December 31, 2023 or December 31, 2024, and as a result, did not comply with Listing Rule 5608(b)(2). Subsequently, on January 1, 2025, the Company's a compensation recovery policy went effective and included such policy in an amended Form 10-K for the fiscal year ended December 31, 2024 filed on April 21, 2025. As a result, the Company has regained compliance with the Listing Rules and, subject to the disclosure requirements below, this matter is now closed.