Business
Nixxy Completes Separation of CognoGroup, Increasing Strategic Focus, Reducing Operating Costs, and Unlocking Shareholder Value as AI Infrastructure Platform Scales Into 2026
NEW YORK, NY / ACCESS Newswire / January 5, 2026 / Nixxy, Inc. (NASDAQ:NIXX) ("Nixxy" or the "Company"), an AI-driven communications and data infrastructure company, today announced the completion of its previously disclosed separation of its legacy ...
About this update from Nixxy, Inc.
[{"type":"text","content":"NEW YORK, NY / ACCESS Newswire / January 5, 2026 / Nixxy, Inc. (NASDAQ:NIXX) ("Nixxy" or the "Company"), an AI-driven communications and data infrastructure company, today announced the completion of its previously disclosed separation of its legacy Marketplace line of business into CognoGroup, Inc. (OTC Markets: CGNO) ("CognoGroup"). Following several actions, Nixxy now holds an ownership percentage of approximately 19.99% of CognoGroup's fully diluted equity. The transaction creates two independent public companies and is intended to enhance strategic focus, improve operating efficiency, and support long-term shareholder value.","length":671,"tagName":"p"},{"type":"text","content":"As part of the separation, Nixxy has streamlined its corporate structure and eliminated Marketplace-related, which management believes will reduce operating complexity and decrease operational costs as the Company advances its AI-native communications and data infrastructure roadmap. Following the transaction, Nixxy is now fully focused on scaling its AI-native communications and data infrastructure platform, while CognoGroup operates independently with a dedicated mandate to build and grow technology-enabled businesses focused on human capability, talent, and learning.","length":576,"tagName":"p"},{"type":"text","content":""This transaction is about focus and execution," said Mike Schmidt, Chief Executive Officer of Nixxy. "After a year of rapid revenue growth and platform scaling, we believe this separation positions Nixxy to move faster, operate more efficiently, and continue building long-term value as we head into 2026. Importantly, it also reduces the operational costs associated with maintaining a non-core business, improving our operating leverage as we scale."","length":473,"tagName":"p"},{"type":"text","content":"What This Means for Shareholders","length":32,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Clearer investment thesis: Nixxy is now a more focused, pure-play AI communications and data infrastructure company.","length":116,"tagName":"p"}]},{"val":[{"type":"text","content":"Direct ownership in two public companies: Eligible Nixxy shareholders are expected to receive CognoGroup shares via a pro rata distribution, retaining upside exposure to both busine...