Nixxy to Merge with Tachyon 9 in $1B AI/HPC Digital Infra Deal
Nixxy, Inc. has entered into an amended and restated binding Letter of Intent with Tachyon 9 Corporation for a multi-step business combination. The proposed merger aims to create a publicly traded digital infrastructure platform company focused on artificial intelligence and high-performance computing workloads. Tachyon's capital stock is estimated to be valued at approximately $1 billion, and its shareholders are expected to hold at least 90% of the combined company. The deal includes a 620-acre hyperscale development campus in North Dakota with up to 1 gigawatt of power capacity. Tachyon will also raise up to $75 million through a PIPE investment, with up to $25 million potentially loaned to Nixxy for working capital.
Key Highlights
- Nixxy, Inc. entered into a binding Letter of Intent to merge with Tachyon 9 Corporation.
- Tachyon's capital stock for the Business Combination is estimated at approximately $1 billion.
- The combined entity will be a publicly traded digital infrastructure platform focused on AI and high-performance computing.
- The deal includes a 620-acre hyperscale development campus in North Dakota targeting up to 1 gigawatt of power capacity.
- Tachyon's stockholders are expected to hold at least 90% of the combined company post-closing.
- Nixxy's stockholders are expected to hold no less than 5% of the combined company.
- Tachyon will seek to raise up to $75 million via a PIPE investment in secured convertible promissory notes.
- Up to $25 million of the PIPE proceeds may be loaned to Nixxy for working capital.
- The Business Combination will result in a change of control of Nixxy, including management and board changes.
Price Impact
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