Nixxy completed the separation of its legacy Marketplace line of business into CognoGroup, Inc.
The transaction creates two independent public companies aimed at enhancing strategic focus and long-term shareholder value.
Nixxy now holds approximately 19.99% ownership of CognoGroup's fully diluted equity.
Clearer Investment Thesis
Nixxy is now a more focused, pure-play AI communications and data infrastructure company.
Direct Ownership in Two Public Companies
Eligible Nixxy shareholders are expected to receive CognoGroup shares via a pro rata distribution.
Improved Simplicity and Transparency
The separation simplifies financial reporting, capital allocation, and operational priorities.
- The separation from CognoGroup allows Nixxy to focus on scaling its AI-native communications and data infrastructure platform.
- Nixxy aims to advance towards sustained operational profitability with the completion of the separation.
- This strategic move is expected to increase efficiency and reduce operational costs for Nixxy.
The completion of the separation from CognoGroup strengthens Nixxy's ability to execute its 2026 objectives, providing momentum and clarity for the company.