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Nixxy, Inc. (NASDAQ:NIXX), a company specializing in computer programming services, has announced the resignation of Granger Whitelaw from his roles as a member of the Board of Directors and as Chief Executive Officer.
The resignation was reported in a Form 8-K filed with the Securities and Exchange Commission today. The announcement comes during a period of significant market performance for the company, with InvestingPro data showing a remarkable 266% year-to-date return and a market capitalization of $82 million.
Mr. Whitelaw stepped down from the Board effective immediately on December 12, 2024, and will officially leave his position as CEO at the end of the month. According to the filing, his departure is not the result of any disagreement with the company. Nixxy Inc. is currently searching for his successor. InvestingPro analysis indicates the company is trading above its Fair Value, with technical indicators suggesting overbought conditions.
The company, formerly known as Recruiter.com Group, Inc., Truli Technologies, Inc., and Truli Media Group, Inc., is headquartered in Bristol, Connecticut, and operates under the trading symbols NIXX for its common stock and NIXXW for its common stock purchase warrants on the NASDAQ Capital Market.
Nixxy Inc. is classified under the Standard Industrial Classification (SIC) code 7371 for Services-Computer Programming Services. The company's fiscal year ends on December 31, and it is incorporated in the state of Nevada.
In other recent news, Nixxy, Inc. has been making strategic moves to enhance shareholder value. The company has announced the withdrawal of the previously scheduled record date for the spin-off of its subsidiary, Atlantic Energy Solutions, into a new entity, CognoGroup. This decision aligns with the company's strategic goals and is intended to optimize shareholder value.
Nixxy has also announced plans to acquire JustGot2HaveIt, Inc., a wholesale gifts business, with projected revenue for 2024 exceeding $10 million. Furthermore, the company has secured a global exclusive licensing agreement with GoLogiq, Inc. for the use of the Radix AI platform.
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