Nixxy Signs Infrastructure Services Contract with Telforge, Inc. to Manage an Estimated $60,000,000 in Telecommunications Traffic

Rhea-AI Summary

Nixxy (NASDAQ:NIXX) signed a 12-month infrastructure services agreement with Telforge, a new wholly owned subsidiary of FingerMotion (NASDAQ:FNGR), potentially managing up to $60,000,000 of FNGR's 2026 revenues. The deal includes a fixed monthly service fee and is expected to yield an estimated incremental operational benefit of about $20,000 per month to Nixxy's telecom business. All traffic will run on Telforge's internal switching platform, scaled to Nixxy traffic levels for the contract term. The Telforge acquisition closed March 18, 2026, enabling this commercial engagement.

Positive

• Potentially manage $60,000,000 of FNGR 2026 revenues
• Adds recurring fixed monthly service fees
• Estimated operational benefit of $20,000/month

Negative

• Agreement term limited to 12 months
• Managed revenue described as potential (uncertain realization)

News Market Reaction – FNGR

-3.81%

5 alerts

-3.81% News Effect

-$3M Valuation Impact

$74M Market Cap

0.8x Rel. Volume

On the day this news was published, FNGR declined 3.81%, reflecting a moderate negative market reaction. Our momentum scanner triggered 5 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $3M from the company's valuation, bringing the market cap to $74M at that time.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Telecom traffic under management: $60,000,000 Incremental operational benefit: $20,000 per month Contract term: 12 months

3 metrics

Telecom traffic under management $60,000,000 Potential 2026 revenues managed via Telforge contract over 12 months

Incremental operational benefit $20,000 per month Estimated monthly benefit to Nixxy’s existing telecom business

Contract term 12 months Duration of Nixxy–Telforge infrastructure services agreement

Market Reality Check

Price: $1.12 Vol: Volume 304,334 is 1.86x t...

high vol

$1.12 Last Close

Volume Volume 304,334 is 1.86x the 20-day average of 163,250, indicating elevated trading activity ahead of this announcement. high

Technical Shares at $1.18 were trading below the 200-day MA of $1.54, reflecting a weak longer-term trend before this news.

Peers on Argus

FNGR’s pre-news move of -12.59% contrasts with mixed peers: UCL -4.24%, KVHI -3....

1 Up

FNGR’s pre-news move of -12.59% contrasts with mixed peers: UCL -4.24%, KVHI -3.49%, SURG -1.27% in sector context, while the momentum scanner only picked up SURG +2.56% with no news. This points to stock-specific dynamics rather than a broad telecom/software rotation.

Historical Context

5 past events · Latest: Mar 18 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Mar 18	Telforge acquisition	Positive	-12.6%	Share exchange to acquire Telforge with milestone-based share issuance structure.
Mar 02	Annual meeting results	Positive	+4.9%	All proposals passed, directors elected, auditor ratified, and leadership continuity confirmed.
Feb 17	North America MOU	Neutral	-5.3%	Non-binding MOU with Digital Landia to explore MVP and marketplace initiative.
Jan 15	Q3 2026 earnings	Negative	+5.2%	Revenue and gross profit declines with continued net loss and capital constraints highlighted.
Dec 15	Acquisition term sheet	Positive	-5.1%	Non-binding term sheet for potential acquisition of voice and messaging provider.

Pattern Detected

Recent news has often seen price moves diverge from seemingly strategic or governance-positive announcements, especially around acquisitions and telecom pivots.

Recent Company History

Over the last six months, FingerMotion has focused on telecom expansion and capital-light growth. On Dec 15, 2025, it signed a non-binding term sheet for a voice and messaging acquisition, followed by Q3 results on Jan 15, 2026 showing revenue of $5.80M and a net loss of $1.67M. A North American MVP MOU was announced on Feb 17, 2026, and annual meeting proposals passed on Mar 2, 2026. On Mar 18, 2026, FNGR agreed to acquire Telforge. Today’s Nixxy–Telforge contract directly builds on that acquisition strategy.

Regulatory & Risk Context

Active S-3 Shelf · $7,595,000

Shelf Active

Active S-3 Shelf Registration 2025-11-13

$7,595,000 registered capacity

An effective S-3 filed on 2025-11-13 registers up to 4,360,000 shares for resale by existing holders, including 4,300,000 warrant shares. The company receives no proceeds from resales but would receive up to $7,595,000 in cash only if all warrants are exercised, earmarked for general corporate and working capital purposes.

Market Pulse Summary

This announcement links directly to FingerMotion’s recent acquisition of Telforge, putting an estima...

Analysis

This announcement links directly to FingerMotion’s recent acquisition of Telforge, putting an estimated $60,000,000 of 2026 telecommunications traffic under Nixxy-managed infrastructure. The contract is designed to add recurring service revenue and operational efficiencies, with Nixxy estimating an extra $20,000 per month in operational benefit. In context of earlier filings citing capital constraints and a telecom pivot, key watchpoints include actual traffic volumes realized, margin impact in the telecom segment, and further updates on Command and Communications growth.

Key Terms

wholesale voice, settlement reconciliation, telecommunications traffic

3 terms

wholesale voice technical

"focused on strong commercial outcomes for wholesale voice performance, switch and routing"

Wholesale voice is the bulk sale and routing of telephone calls between telecommunications companies and service providers rather than to end customers. Think of it as selling large blocks of calling minutes to other carriers the way a wholesaler sells pallets of goods to retailers; it matters to investors because it is a volume-driven revenue stream that can be steady but low-margin, and is sensitive to traffic patterns, pricing competition, regulation and fraud risks that affect profitability.

settlement reconciliation technical

"wholesale rate negotiations, settlement reconciliation and third-party invoice validation."

Settlement reconciliation is the process of checking that the lists of trades, cash movements and ownership records held by different parties match up so that each trade is correctly completed and everyone gets the right money or shares. Like comparing receipts and your bank balance after shopping, it finds and fixes mismatches that could cause failed trades, unexpected losses, or delays — risks that can affect an investor’s access to funds or holdings.

telecommunications traffic technical

"to manage an Estimated $60,000,000 in Telecommunications Traffic"

Telecommunications traffic is the amount of voice calls, text messages, internet data and other communications passing through a network over a given time, often measured in call minutes, message counts or data volume. Like counting cars on a highway, it shows how busy a provider’s network is. Investors watch traffic to gauge customer demand, revenue potential, capacity needs and cost trends, since rising or falling traffic affects growth, pricing power and infrastructure spending.

AI-generated analysis. Not financial advice.

NEW YORK, NY / ACCESS Newswire / March 19, 2026 / Nixxy, Inc. (NASDAQ:NIXX) ("Nixxy" or the "Company"), an AI infrastructure company advancing telecom and fintech convergence, today announced the signing of an infrastructure services agreement with Telforge, Inc, a wholly owned subsidiary of FingerMotion, Inc. (NASDAQ:FNGR).

The twelve-month contract is for Nixxy to potentially manage up to $60,000,000 of FingerMotion's 2026 revenues through FNGR's new subsidiary, Telforge, Inc., an acquisition that was signed on March 18, 2026. As part of the engagement, Nixxy will provide the backend operational support, focused on strong commercial outcomes for wholesale voice performance, switch and routing management, wholesale rate negotiations, settlement reconciliation and third-party invoice validation. All traffic will be run on Telforge's internal switching platform which will be scaled to the same traffic levels of Nixxy over the term of the contract.

Under the agreement, Nixxy will receive a fixed monthly service fee. In addition, the Company expects the engagement to generate an estimated incremental operational benefit of approximately $20,000 per month to its existing telecom business, driven by enhanced routing performance and related operating efficiencies.

Mike Schmidt, CEO of Nixxy, Inc. stated "this services agreement proves the robust nature of Nixxy's software and ability to outsource its infrastructure to other global companies who desire efficiencies and access to our data services. It also adds recurring services revenue, supports further scale in our wholesale operations, and is aligned with our focus on building a more efficient, higher-performing communications infrastructure business."

Martin Shen, CEO of FingerMotion, states "by combining Nixxy's seasoned operations with the Telforge team and adding Telforge's US customer base to our access to customers in Asia, we are positioned to grow our telecom division to significant revenue milestones in 2026. Nixxy's alignment with FingerMotion allows us to achieve this without additional capital and high operating costs, which should result in a win-win for both parties."

About FingerMotion, Inc.

FingerMotion is an evolving technology company with a core competency in mobile payment and recharge platform solutions in China. As the user base of its primary business continues to grow, the Company is developing additional value-added technologies to market to its users. The vision of the Company is to rapidly grow the user base through organic means and have this growth develop into an ecosystem of users with high engagement rates utilizing its innovative applications. Developing a highly engaged ecosystem of users would strategically position the Company to onboard larger customer bases. FingerMotion eventually hopes to serve over 1 billion users in the China market and eventually expand the model to other regional markets.

About Nixxy, Inc. (NASDAQ:NIXX) is a communications and data infrastructure company focused on scaling carrier-grade telecom rails spanning messaging, voice, and automation-enabled workflows. The Company is focused on executing disciplined growth across communications and adjacent ecosystems where infrastructure, identity, and transaction workflows converge.

Filings and press releases can be found at https://nixxy.com/investor-relations

Contact Information:

Investor Contact: Nixxy, Inc.
Investor Relations Email: IR@nixxy.com
Phone: (877) 708-8868

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the expected benefits, integration outcomes, commercialization, revenue opportunities, margin impacts, customer adoption, and future plans related to the partnership. Forward-looking statements are based on management's current expectations and are subject to risks and uncertainties that could cause actual results to differ materially, including but not limited to: integration and implementation risks, customer demand and adoption, regulatory and compliance requirements, competitive dynamics, operational execution, and other risks described in the Company's filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date made, and the Company undertakes no obligation to update these statements except as required by law.

SOURCE: Nixxy, Inc.

View the original press release on ACCESS Newswire

FAQ

What does the Nixxy (NIXX) contract with Telforge announced March 19, 2026 cover?

It is a 12-month services agreement to manage telecom traffic and operations for Telforge. According to the company, services include routing, switch management, rate negotiations, settlement reconciliation and invoice validation.

How much revenue could Nixxy (NIXX) manage under the Telforge deal with FNGR?

Nixxy could potentially manage up to $60,000,000 of FingerMotion's 2026 revenues. According to the company, the figure is an upper-bound estimate tied to Telforge's traffic over the contract term.

What financial benefit does Nixxy (NIXX) expect from the Telforge engagement?

Nixxy expects an estimated incremental operational benefit of about $20,000 per month. According to the company, this comes from improved routing performance and related operating efficiencies.

Will Nixxy (NIXX) operate Telforge traffic on its own platform after the deal?

All traffic will run on Telforge's internal switching platform, scaled to Nixxy levels for the contract. According to the company, Nixxy provides backend operational support rather than hosting the traffic on its own switches.

When did FingerMotion complete the Telforge acquisition linked to the Nixxy contract?

The Telforge acquisition was signed on March 18, 2026. According to the company, the subsidiary relationship enables the immediate commercial services engagement with Nixxy.

How does the Telforge services deal affect Nixxy's revenue mix for investors?

The deal adds recurring services revenue via a fixed monthly fee and potential managed revenue exposure. According to the company, it supports scale in wholesale operations and recurring commercial services.