Company: ORBS
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023549
Chunk: 179

Company: Eightco Holdings Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 4
Chunk 179
---
2023 and will end in July of 2028. However,
the original lock-up period was amended by Tools for Humanity from a 3-year period to a 5-year period in 2024 and there is no assurance
that this schedule will not be amended again. The release schedule may be amended at any time at the discretion of insiders and without
notice to the public.

Tools
for Humanity’s and the World Foundation’s executives, employees and investors are likely significant beneficiaries of WLD
allocations. Releases of WLD could be made in ways that conflict with the interest of public token holders, including through accelerated
releases during favorable market conditions or based upon internal funding needs. In addition, there could be a misalignment between
insiders seeking liquidity and community members seeking network stability. These factors may disrupt market dynamics, depress or increase
WLD prices, and create actual or perceptions of insider advantage that deter broader participation and have an adverse impact on WLD.
Public materials indicate that the intent is for governance of WLD to be transferred to the WLD user community. However, there is no
process as to how or when this will happen. As a result, the disclosed objective to create a decentralized autonomous organization for
WLD may take significant time or may never be met. Given the conflicts of interest, the lack of transparency, and the risks of self-dealing,
the value of WLD may decline significantly, even to zero. If the value of WLD were to decline, any negative decline could materially
and adversely impact the Company’s operations and financial condition and could result, in extreme circumstances, in the Company’s
insolvency.

The
Worldcoin ecosystem has a limited operating history.

Worldcoin,
launched in 2023, is an early-stage project with a limited operating history. Developers, consumers and businesses may not adopt Worldcoin’s
technology, and we believe that Worldcoin’s adoption will likely depend on significant protocol development and differentiation
in a highly competitive market. A failure to scale, unexpected technical flaws, privacy issues or the lack of engagement could materially
reduce demand for WLD and adversely affect their value.

The
World Foundation was established to govern the Worldcoin ecosystem by Tools for Humanity, which was founded by Sam Altman. Although Mr.
Altman has been successful with other ventures, there is no assurance that Worldcoin will also be successful.

Because
our treasury strategy is currently focused on holdings of WLD, our treasury assets are highly dependent upon the value and performance