Nixxy receives Nasdaq bid price notice; CFO and audit committee chair named
Nixxy, Inc. received a Nasdaq notice on September 1, 2026 that its stock has closed below $1.00 for 30 consecutive business days, and it has 180 calendar days to regain compliance. The company also named director Elsa Sung as Chief Financial Officer and appointed Joe Conlon as audit committee chair, both effective August 31, 2026, which matters to shareholders given the listing deficiency and oversight changes.
Key points
- Nasdaq notice dated September 1, 2026: closing bid price below $1.00 for 30 consecutive business days; the stock is not immediately delisted
- Company has an automatic 180-calendar day grace period to regain compliance, with a possible second 180-day period
- Elsa Sung appointed Chief Financial Officer effective August 31, 2026 and resigned as audit committee chair
- Joe Conlon appointed to the board and as audit committee chair; Ashissh Raichura resigned from the board on August 31, 2026
The filing
Written by AI on Nov 9, 2026, 10:08 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 03, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.