Nixxy withdraws record date for cognogroup spin-off

New york, ny / accesswire / december 4, 2024 / nixxy, inc. (nasdaq:nixx), or "the company", today announced that it is withdrawing the previously announced record date for its planned spin-off of its subsidiary, atlantic energy solutions (otc:aeso) ("aeso"), or cognogroup, the anticipated future name of the company following the spinoff. key details original announcement original record date: november 15, 2024 originally announced spin-off date: tbd original distribution ratio: tbd reason for withdrawal the decision to withdraw the record date is based on: ongoing strategic evaluation of the corporate structure pending additional regulatory reviews optimization of shareholder value alignment with broader strategic objectives next steps the company will provide an updated timeline in a subsequent announcement shareholders are advised to await further communication all previously disclosed information remains subject to review management commentary "the company believes that the withdrawal of the record date for the cognogroup spinoff will afford the company with the additional time to better align with its corporate aims, allow for the orderly distribution of the cognogroup shares and maximize shareholder value.
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