Nixxy secures $2 million revolving facility at 8.25% interest

NEW YORK - Nixxy, Inc. (NASDAQ:NIXX), a small-cap technology company with a market capitalization of $36 million, has secured a $2 million revolving growth facility with an 8.25% interest rate, according to a press release statement issued Thursday.

The facility allows the AI technology company to draw up to $500,000 monthly over a one-year period. The lender may convert principal and interest into Nixxy common stock at a fixed price of $2.00 per share.

"This financing highlights strong confidence in Nixxy’s future," said Mike Schmidt, CEO of Nixxy.

The company also reported preliminary, unaudited revenue exceeding $10 million for August 2025, indicating continued month-over-month growth. This follows an impressive revenue growth of over 2,000% in the last twelve months, though InvestingPro analysis reveals challenging gross margins of just 3.35%. Get access to 10+ additional exclusive ProTips and comprehensive financial metrics with InvestingPro.

Nixxy describes itself as a technology company focused on AI-powered business services across telecom, healthcare, and enterprise markets. The company’s platform provides infrastructure for deploying private AI solutions.

The financing arrangement comes with what the company characterizes as favorable terms, with the $2.00 conversion price representing a premium above the current market price of Nixxy shares.

The revolving facility is structured to provide on-demand growth capital while the company focuses on margin expansion and new product rollouts, according to the press release.

In other recent news, Nixxy, Inc. has announced preliminary revenue projections of approximately $13.3 million for the second quarter of 2025, indicating a positive outlook for the company’s commercial operations. The company also expects revenue of over $7.5 million for July 2025 and $10 million for August 2025. In a strategic move, Nixxy has acquired assets from Leadnova.ai, which is expected to enhance its AuralinkAI platform and boost its AI-enhanced telecom strategy. This acquisition has already contributed to an increase in unaudited gross revenue to approximately $5.2 million for May 2025, up from $1.4 million in April 2025.

Additionally, Nixxy has been added to the Russell 3000E Index as part of the annual reconstitution of the Russell US Indexes, reflecting its growing market presence. The company has also appointed a new independent registered public accounting firm, HTL International, LLC, for the fiscal year ending December 31, 2025, following a decision by its Audit Committee. In leadership news, CEO Mike Schmidt has been appointed to the board of directors, bringing over 20 years of experience in the communications industry to the role. These developments highlight the company’s ongoing efforts to strengthen its market position and operational capabilities.

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