Nixxy (NASDAQ: NIXX) ends Tachyon9 LOI, pursues larger stake in Nakota AI campus
Rhea-AI Filing Summary
Nixxy, Inc. terminated its binding Letter of Intent with Tachyon 9 Corporation on July 30, 2026, in order to pursue other potential business opportunities, and did not incur any early termination penalties.
On the same date, the company announced a Strategic AI Infrastructure Platform Initiative centered on the Nakota project. Nixxy is negotiating directly with the Nakota project developer to procure the property and provide all funds required for permits and approvals, and is working on a long-term global definitive agreement to acquire the entire project. The new structure is expected to allow Nixxy to own a much larger percentage of Nakota than previously contemplated and to position Nakota as a cornerstone of a broader AI infrastructure and digital energy platform. Management highlighted the large anticipated infrastructure investment cycle around artificial intelligence and plans to seek strategic capital partners, customers, and infrastructure investors, with additional updates expected as the strategic review progresses.
Positive
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Negative
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Filing Explained
The filing states that the strategic-initiative details were furnished under Item 7.01 and are not deemed filed under Section 18; its forward-looking acquisition, financing, and development statements remain prospective disclosures rather than completed transactions.
8-K Event Classification
Key Figures
Key Terms
Material Definitive Agreement regulatory
Letter of Intent regulatory
Regulation FD Disclosure regulatory
forward-looking statements regulatory
AI infrastructure campus technical
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FAQ
What material agreement did Nixxy (NIXX) terminate on July 30, 2026?
What is Nixxy’s (NIXX) new Strategic AI Infrastructure Platform Initiative?
How is Nixxy (NIXX) approaching the Nakota project after the Tachyon9 LOI ended?
Did Nixxy (NIXX) face penalties for ending the Tachyon 9 Letter of Intent?
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What future plans did Nixxy (NIXX) outline regarding financing and partnerships?
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Item 1.02. Termination of a Material Definitive Agreement
Termination of LOI
On July 30, 2026, Nixxy, Inc. (the “Company”) terminated the binding Letter of Intent (the “Binding Letter of Intent”) with Tachyon 9 Corporation, a Delaware corporation, dated as of June 15, 2026. The Company terminated the Binding Letter of Intent to pursue other potential business opportunities. The Company did not incur any early termination penalties in connection with the termination of the Binding Letter of Intent.
Item 7.01. Regulation FD Disclosure
On July 30, 2026, the Company issued a press release titled “Nixxy Announces Strategic AI Infrastructure Platform Initiative” A copy of the press release is attached as Exhibit 99.1 hereto.
The Company's statements regarding potential acquisitions, development activities, financing initiatives, strategic partnerships, and future growth constitute forward-looking statements subject to various risks and uncertainties.
The information set forth under Item 7.01 and in Exhibit 99.1 is intended to be furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit Number | Description | |
| 99.1 | Press release, issued on July 30, 2026 | |
| 104 | Cover Page Interactive Data File (formatted in iXBRL, and included in exhibit 101) |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
| NIXXY, INC. | ||
| Dated: July 31, 2026 | By: | /s/ David Kratochvil |
| Name: | David Kratochvil | |
| Title: | Chief Executive Officer | |
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Exhibit 99.1
Jul 30, 2026
Nixxy Announces Strategic AI Infrastructure Platform Initiative
Company Reaffirms Commitment to Nakota Development and Long-Term AI Infrastructure Strategy
NEW YORK--(BUSINESS WIRE)--Nixxy, Inc. (Nasdaq: NIXX) today announced it is currently in negotiations directly with the developer of the Nakota project to procure the Nakota property and provide all funds required to obtain the necessary permits and approvals to advance the project. In addition, the company is working on a long-term global definitive agreement to acquire the entire project. The new structure will allow Nixxy to own a much larger percentage of the Nakota project than previously contemplated.
Reaffirming Commitment to Nakota Development
The Company reaffirmed that it remains committed to advancing the Nakota development opportunity. The evaluation process reinforced Nixxy's confidence in the Nakota opportunity and highlighted the value of a more direct role in advancing its development. Now, Nixxy has greater flexibility to advance Nakota as a cornerstone of its broader AI infrastructure platform and to engage directly with strategic capital, infrastructure, and commercial partners. Therefore, given this strategic initiative, the previously disclosed Letter of Intent relating to the proposed Tachyon9 transaction has concluded upon its expiration.
Management and the Board of Directors believe the evaluation process strengthened the Company's strategic direction and supported a broader, more compelling long-term strategy focused on artificial intelligence infrastructure and digital energy development. “Over the past several months, we have continued to evaluate the extraordinary pace of investment occurring across the AI ecosystem. That work reinforced our belief that the greatest long-term opportunity is not simply participating in individual transactions, but building a platform capable of developing, owning, financing, and operating the infrastructure that powers artificial intelligence,” said Chairman and CEO David Kratochvil.
Nakota Project
Nakota is envisioned as a next-generation AI infrastructure campus integrating dedicated power generation, natural gas infrastructure, digital infrastructure, and scalable expansion capabilities designed to support the rapidly growing demand for artificial intelligence computing. The Company intends to continue advancing development activities while evaluating strategic capital partners, customers, and infrastructure investors to support the project's long-term growth.
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Looking Ahead
The Company believes that artificial intelligence represents one of the largest infrastructure investment cycles in modern history. Management expects future growth will be driven by increasing demand for reliable power, digital infrastructure, and integrated development capabilities. As its strategic review progresses, Nixxy expects to provide additional updates regarding corporate initiatives, development activities, strategic partnerships, and long-term capital plans.
About Nixxy, Inc.
Nixxy, Inc. (Nasdaq: NIXX) is pursuing a strategy to develop and invest in critical infrastructure supporting the accelerating demand for artificial intelligence, digital infrastructure, and advanced energy systems. Through disciplined capital allocation and strategic partnerships, the Company seeks to originate, develop, finance, operate, and optimize infrastructure assets positioned to support long-term growth across the AI economy.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements regarding the Company's strategic plans, development activities, potential acquisitions, financing initiatives, project timelines, anticipated market opportunities, and future operating performance. Actual results may differ materially due to a variety of risks and uncertainties, including the Company's ability to execute its strategic initiatives, obtain financing, complete acquisitions, develop projects, secure commercial agreements, and other factors described in the Company's filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. The Company undertakes no obligation to update or revise any forward-looking statements except as required by applicable law.
Contacts
Nixxy Investor Relations: ir@nixxy.com
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