Nixxy (NIXX) has secured a $2,000,000 revolving growth facility with what Nixxy believes are highly favorable terms that deliver new capital to accelerate expansion while protecting shareholders. The facility carries a modest, industry-standard interest rate of 8.25% and allows Nixxy to draw up to $500,000 monthly, as needed, over a one-year period. Importantly, the lender may elect to convert principal and interest into Nixxy common stock at a fixed price of $2.00 per share, a premium above the current market price, underscoring confidence in Nixxy’s long-term growth. The Company also reports preliminary, unaudited revenue for the month ended August 31, 2025, of over $10M, reflecting continued month-over-month growth as it focuses on margin expansion and the rollout of new products and services.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NIXX: