Company: ORBS
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004802
Chunk: 93

Company: Eightco Holdings Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 93
---
ITY (continued)

ATM
Agreement

On
April 25, 2024, the Company entered into an At-The-Market Issuance Sales Agreement (the “ATM Agreement”) with Univest Securities,
LLC, as the sales agent (the “Agent”), pursuant to which the Company may offer and sell, from time to time through or to
the Agent, as sales agent or principal, shares of common stock having an aggregate offering price of up to $2,000,000. On September 25,
2024, the Company entered into an amendment to this agreement which increased the aggregate offering amount to $2,750,000.

The
Company will pay the Agent a commission of 3% of the aggregate gross sales prices of the shares of common stock under the ATM Agreement.
The Company will also reimburse the Agent for fees and disbursements of counsel to the Agent in an amount not to exceed $37,000 in connection
with the signing of the ATM Agreement.

The
Company intends to use the net proceeds from the sale of shares of common stock pursuant to the ATM Agreement for working capital and
general corporate purposes.

The
ATM Agreement may be terminated (i) by the Company at any time in its sole discretion by giving five days’ written notice to the
Agent or (ii) by the Agent, at any time in its sole discretion by giving written notice to the Company.

As
of December 31, 2024, the Company had sold 692,890 shares of common stock for net proceeds of $2,422,910 under the ATM Agreement.

Common
stock issuances during the year ended December 31, 2024:

On
January 30, 2024, the Company issued 11,247 shares of common stock fair valued at $34,866 to satisfy a portion of the outstanding severance
due to the former employee.

On
February 28, 2024, the Company issued 15,500 shares of common stock fair valued at $48,050 to satisfy a portion of the outstanding severance
due to the former employee.

On
March 6, 2024, the Company issued 25,779 shares of common stock fair valued at $105,693 to satisfy outstanding fees for services
performed due to the consultant.

On
March 19, 2024, the Company issued 60,000 shares
of common stock fair valued at the time it was granted of $171,000 to