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Nixxy Expects to Complete an Undisclosed Acquisition by Month-End, Withdraws BTC Financing

1. Nixxy withdraws $50 million Bitcoin-based note offering due to unfavorable market conditions.

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FAQ

Why Bearish?

Withdrawing a funding initiative signals potential cash flow concerns, which may pressure NIXX's stock.

How important is it?

The withdrawal of the offering could indicate financial strategy shifts that directly impact NIXX's valuation.

Why Short Term?

This decision may cause immediate investor reactions reflecting short-term market sentiment.

Related Companies

BTCNASDAQ:NIXX
NEW YORK, NY / ACCESS Newswire / February 19, 2025 / Nixxy, Inc, (NASDAQ:NIXX), or "Nixxy" or the "Company," today announced it has withdrawn a proposed private offering of up to $50 million aggregate principal amount of Bitcoin-based, zero-coupon convertible notes. The Company continues to evaluate its financing options, however the Board has determined that with Nixxy's current significant progress in its acquisition strategy, combined with less than favorable market conditions, such financing is no longer in the shareholders' best interest.

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