Nixxy completes separation of CognoGroup subsidiary

Nixxy Inc. (NASDAQ: NIXX) announced the completion of its separation of its Marketplace business line into CognoGroup Inc. (OTC Markets: CGNO), creating two independent public companies. Following the transaction, Nixxy retains approximately 19.99% ownership of CognoGroup's fully diluted equity.

The separation allows Nixxy to focus on its AI-driven communications and data infrastructure platform while CognoGroup operates independently with technology-enabled businesses focused on human capability and learning. Nixxy expects to file a Form 10 registration statement with the SEC to distribute CognoGroup shares to eligible shareholders.

"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."

The company stated the separation eliminates Marketplace-related operational complexity and reduces costs as it advances its AI infrastructure roadmap. Nixxy's 2026 objectives include scaling AI-driven voice and messaging infrastructure, expanding marketing-driven traffic strategies, and advancing toward operational profitability.

CognoGroup will focus on building technology-driven businesses that enhance human capability across work, learning, and personal development. Miles Jennings serves as Chief Executive Officer of CognoGroup.

The information is based on a company press release statement.

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