Nixxy, Inc. 8-K Filing Summary

Nixxy, Inc. received a notice from Nasdaq indicating non-compliance with the minimum bid price requirement. The company has 180 days to regain compliance, with a potential for an additional 180-day grace period under certain conditions. The notice does not immediately affect the company's listing status or business operations. In other news, Ashissh Raichura resigned from the Board of Directors. Elsa Sung resigned as Chairwoman of the Audit Committee but was appointed as Chief Financial Officer. Joe Conlon was appointed as a new Director and Chairman of the Audit Committee. The company also filed an 8-K detailing the employment agreement for Elsa Sung as CFO, including her salary, stock units, and termination provisions.