Nixxy Secures $2 Million Growth Facility at Premium Price
New York, Thursday, 4 September 2025.
Nixxy, Inc. secured a $2 million growth facility with an 8.25% interest rate, allowing up to $500,000 monthly draws, highlighting confidence in its growth strategy amidst market challenges.
Strategic Financial Maneuver
On 4 September 2025, Nixxy, Inc. (NASDAQ:NIXX) announced the acquisition of a $2 million revolving growth facility. This financial arrangement comes with an 8.25% interest rate and permits Nixxy to draw up to $500,000 monthly over the next year. The lender retains the option to convert the principal and interest into Nixxy’s common stock at a fixed price of $2.00 per share, which is a premium over the current market price [1][2].
Impact on Growth and Strategy
This financing initiative underscores Nixxy’s robust confidence in its future prospects amid potential market adversities. The company views this facility as a strategic tool to not only safeguard shareholder interests but also to accelerate its expansion plans. The premium conversion price aligns lender and shareholder interests, promoting a mutually beneficial growth trajectory [1][2][3].
Revenue and Market Performance
Nixxy reported preliminary, unaudited revenue exceeding $10 million for August 2025, signaling sustained month-over-month growth. This financial performance contrasts with the company’s recent challenges, such as managing tight gross margins reported at just 3.35% [2][4]. Despite these challenges, the facility is expected to provide the necessary capital to support new product rollouts and margin improvements [1][4].
Positioning for Future Opportunities
According to Mike Schmidt, CEO of Nixxy, the growth facility is deliberately structured to provide flexible, on-demand capital. This financial agility is crucial for capturing emerging opportunities and driving long-term value for investors. Additionally, the facility’s terms reflect strong lender confidence in Nixxy’s strategic direction and operational capabilities [3][5].