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Nixxy, Inc. (NIXX), a Nevada-based company specializing in computer programming services with a market capitalization of approximately $25 million, announced the completion of a significant asset acquisition from Aqua Software (ETR:SOWGn) Technologies, a private Canadian firm known for its expertise in telecommunications and software development. According to InvestingPro data, Nixxy’s stock has experienced significant volatility recently, declining over 11% in the past week alone. The agreement, effective as of March 28, 2025, was detailed in a recent 8-K filing with the Securities and Exchange Commission.
Under the terms of the Asset Purchase Agreement (APA), Nixxy has acquired a range of assets related to billing and artificial intelligence (AI) systems, including associated intellectual property. These assets are expected to enhance Nixxy’s offerings in the tech sector, particularly in billing systems and AI integration.
The transaction is valued at $3,800,000, which Nixxy has agreed to pay in restricted common shares. The shares are priced at $1.82 each, which is based on the closing price of Nixxy’s common stock on the NASDAQ on March 28, 2025. This acquisition represents a significant investment for Nixxy, considering its current annual revenue of $0.61 million. Based on InvestingPro’s Fair Value analysis, the stock appears to be trading above its estimated Fair Value, though the company maintains a strong balance sheet with more cash than debt. This share-based payment equates to a total of 2,087,912 restricted common shares being issued to Aqua Software Technologies. Additionally, Nixxy has committed to paying $50,000 in cash within two business days following the closing date, with another $50,000 to be paid within 30 days post-closing.
The acquisition marks a strategic expansion for Nixxy, Inc. as it integrates Aqua Software Technologies’ specialized assets into its portfolio. The move is anticipated to bolster Nixxy’s capabilities in the AI and billing system spaces, sectors that are increasingly important in the rapidly evolving tech industry. As a niche player in the software industry, this acquisition could be crucial for Nixxy’s growth prospects. InvestingPro subscribers have access to 12 additional key insights about Nixxy’s financial health and market position, helping investors make more informed decisions about this evolving story.
This summary of the APA is based on the full text of the agreement, which is included as an exhibit to the 8-K filing. The shares issued in this transaction are unregistered equity securities, as noted in the filing.
The 8-K filing also contains financial statements and other exhibits related to the acquisition, providing transparency for investors and stakeholders regarding the details of the agreement. The information reported here is based on statements from the press release.
In other recent news, Nixxy, Inc. has made significant strides with the acquisition of two AI software platforms, CallAI and AQUA Health Coach (NYSE:TPR), for $3.9 million. This move aims to bolster Nixxy’s presence in the telecom and healthcare sectors, enhancing its AI capabilities. Additionally, Nixxy forecasts an impressive revenue increase, projecting $2 million from its AI telecom unit by April 2025. The company has also announced a substantial contract through its subsidiary, Auralink AI, with Mexedia SpA, expected to generate a monthly revenue run rate of $25-27 million starting in March 2025.
Nixxy is targeting a $5 million monthly revenue run rate in Q2 2025 with its new AI telecom platform, aiming to double this figure by Q3. The company is actively evaluating potential acquisitions and joint ventures to strengthen its technological and operational capabilities. In light of these developments, Nixxy has withdrawn its Form S-1 Registration Statement, deeming it unnecessary for current operations. Analysts and investors are advised to consider the inherent risks and uncertainties in these forward-looking statements, as highlighted by the company.
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