Nixxy, Inc. 8-K

What Happened
Nixxy, Inc. (NIXX) announced in an 8-K that on February 20, 2026 it received a letter from The Nasdaq Stock Market LLC stating the company is not in compliance with Nasdaq Listing Rule 5550(a)(2) because its consolidated closing bid price was below $1.00 per share for 30 consecutive business days. The notice does not cause immediate delisting; Nasdaq has automatically provided a 180-calendar day compliance period to regain the minimum $1.00 bid-price requirement.

Key Details

• Nasdaq notice dated February 20, 2026, citing non-compliance with Listing Rule 5550(a)(2).
• Stock closed under $1.00 for 30 consecutive business days.
• Company has a 180-calendar day grace period to attain a consolidated closing bid of at least $1.00 for a minimum of ten consecutive business days.
• If still non-compliant, a second 180-day period may be available only if the company meets market value and other initial listing standards (except the bid-price rule) and notifies Nasdaq it may effect a reverse stock split; failure to comply can lead to delisting unless the company requests a hearing.

Why It Matters
This notice is material for investors because continued non-compliance could lead to delisting from The Nasdaq Capital Market, which would likely reduce liquidity and could affect the marketability of NIXX shares. The company must restore the share price to comply or pursue remedies such as a reverse stock split or a hearing with Nasdaq. Nixxy stated it will monitor the closing bid price and consider options to resolve the deficiency; the notice does not change the company’s SEC reporting obligations. Investors should monitor the stock price, company announcements, and any corporate actions intended to regain compliance.